Bath & Body Works (NYSE:BBWI) Given “Hold” Rating at Argus

Bath & Body Works (NYSE:BBWI)‘s stock had its “hold” rating reaffirmed by Argus in a research note issued on Wednesday, Benzinga reports.

Several other analysts also recently commented on BBWI. Deutsche Bank Aktiengesellschaft set a $22.00 price objective on shares of Bath & Body Works in a report on Thursday, August 27th. Wells Fargo & Company lowered their target price on Bath & Body Works from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, August 27th. Barclays reduced their price target on Bath & Body Works from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, August 27th. TD Cowen increased their price target on shares of Bath & Body Works from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Telsey Advisory Group lowered their target price on shares of Bath & Body Works from $25.00 to $22.00 and set a “market perform” rating on the stock in a research note on Thursday, May 28th. Four analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $22.13.

Bath & Body Works Trading Down 6.7%

Shares of Bath & Body Works stock opened at $16.70 on Wednesday. Bath & Body Works has a 12-month low of $14.27 and a 12-month high of $27.40. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 4.35, a PEG ratio of 1.84 and a beta of 1.38. The firm’s 50 day simple moving average is $19.48 and its two-hundred day simple moving average is $19.53.

Bath & Body Works (NYSE:BBWI) last posted its quarterly earnings data on Wednesday, August 26th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.24 by $0.38. Bath & Body Works had a net margin of 10.83% and a negative return on equity of 53.48%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 earnings per share. Bath & Body Works has set its Q3 2026 guidance at 0.070-0.120 EPS and its FY 2026 guidance at 2.600-2.800 EPS. On average, sell-side analysts predict that Bath & Body Works will post 2.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in shares of Bath & Body Works by 26.2% in the first quarter. Bank of America Corp DE now owns 2,050,414 shares of the company’s stock valued at $38,281,000 after purchasing an additional 425,248 shares during the last quarter. BlackRock Inc. acquired a new position in Bath & Body Works during the second quarter worth $449,065,000. Intech Investment Management LLC boosted its stake in Bath & Body Works by 462.6% during the fourth quarter. Intech Investment Management LLC now owns 108,766 shares of the company’s stock worth $2,184,000 after buying an additional 89,432 shares during the last quarter. Cibc World Market Inc. acquired a new position in Bath & Body Works during the fourth quarter worth $2,053,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of Bath & Body Works in the 4th quarter worth $3,175,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Bath & Body Works Company Profile

Bath & Body Works, Inc is a specialty retailer focused on personal care and home-fragrance products. Its offerings include body lotions and creams, shower gels, fragrance mists, hand soaps and sanitizers, candles, home fragrances, and related seasonal merchandise. The company markets products under the Bath & Body Works and White Barn names.

The company sells its products through a network of company-operated stores, its websites, and other direct channels. Its retail operations primarily serve customers in the United States and Canada, while international markets are reached through franchised, licensed, and other distribution arrangements.

Bath & Body Works traces its origins to 1990 and was formerly part of L Brands, Inc It became an independent publicly traded company in 2021 following the separation of L Brands’ Victoria’s Secret business.