Analysts Set Bath & Body Works, Inc. (NYSE:BBWI) Price Target at $42.25

Shares of Bath & Body Works, Inc. (NYSE:BBWI) have earned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $41.88.

BBWI has been the subject of a number of recent research reports. Citigroup cut their price objective on shares of Bath & Body Works from $48.00 to $35.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Wells Fargo & Company boosted their price objective on Bath & Body Works from $32.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday. Barclays raised their price objective on shares of Bath & Body Works from $28.00 to $34.00 and gave the company an “underweight” rating in a research report on Tuesday. TD Cowen upped their target price on shares of Bath & Body Works from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Raymond James decreased their price target on Bath & Body Works from $51.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th.

Insider Transactions at Bath & Body Works

In related news, CEO Gina Boswell bought 6,000 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were purchased at an average price of $29.64 per share, with a total value of $177,840.00. Following the transaction, the chief executive officer now owns 242,987 shares in the company, valued at $7,202,134.68. This trade represents a 2.53 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.27% of the company’s stock.

Institutional Trading of Bath & Body Works

Several hedge funds and other institutional investors have recently bought and sold shares of BBWI. First Community Trust NA bought a new stake in Bath & Body Works in the second quarter worth about $30,000. True Wealth Design LLC lifted its stake in shares of Bath & Body Works by 5,270.0% during the 3rd quarter. True Wealth Design LLC now owns 1,074 shares of the company’s stock worth $34,000 after acquiring an additional 1,054 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Bath & Body Works by 300.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the company’s stock worth $38,000 after acquiring an additional 900 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Bath & Body Works during the 3rd quarter valued at $39,000. Finally, EntryPoint Capital LLC increased its stake in Bath & Body Works by 224.0% in the first quarter. EntryPoint Capital LLC now owns 1,471 shares of the company’s stock worth $74,000 after purchasing an additional 1,017 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Bath & Body Works Trading Down 1.5 %

Shares of BBWI stock opened at $35.23 on Friday. Bath & Body Works has a 12-month low of $26.20 and a 12-month high of $52.99. The stock has a market capitalization of $7.72 billion, a P/E ratio of 8.53, a P/E/G ratio of 0.98 and a beta of 1.79. The firm’s 50 day moving average is $30.69 and its 200 day moving average is $35.74.

Bath & Body Works (NYSE:BBWI) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Bath & Body Works had a net margin of 12.69% and a negative return on equity of 41.94%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. As a group, equities analysts predict that Bath & Body Works will post 3.18 earnings per share for the current year.

Bath & Body Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.80 annualized dividend and a yield of 2.27%. Bath & Body Works’s dividend payout ratio (DPR) is currently 19.37%.

About Bath & Body Works

Bath & Body Works, Inc operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. It sells its products under the Bath & Body Works, White Barn, and other brand names through retail stores and e-commerce sites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements.