Brokerages Set Bath & Body Works, Inc. (NYSE:BBWI) Target Price at $43.00

Shares of Bath & Body Works, Inc. (NYSE:BBWI) have earned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $43.00.

Several research firms have weighed in on BBWI. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Bath & Body Works from $57.00 to $54.00 and set a “buy” rating for the company in a report on Monday, August 26th. Piper Sandler lowered their price target on shares of Bath & Body Works from $47.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. JPMorgan Chase & Co. lowered their price target on shares of Bath & Body Works from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Raymond James lowered their price target on shares of Bath & Body Works from $51.00 to $42.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Finally, Robert W. Baird lowered their price target on shares of Bath & Body Works from $54.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday, August 29th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Bath & Body Works by 4.2% during the first quarter. Vanguard Group Inc. now owns 27,398,192 shares of the company’s stock valued at $1,370,458,000 after buying an additional 1,102,124 shares in the last quarter. Lone Pine Capital LLC lifted its position in Bath & Body Works by 15.8% during the second quarter. Lone Pine Capital LLC now owns 11,315,515 shares of the company’s stock valued at $441,871,000 after buying an additional 1,547,399 shares in the last quarter. Anomaly Capital Management LP acquired a new position in Bath & Body Works during the second quarter valued at approximately $113,995,000. Norges Bank acquired a new position in Bath & Body Works during the fourth quarter valued at approximately $101,669,000. Finally, Sound Shore Management Inc. CT lifted its position in shares of Bath & Body Works by 10.0% during the second quarter. Sound Shore Management Inc. CT now owns 2,088,703 shares of the company’s stock worth $81,564,000 after purchasing an additional 189,889 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Bath & Body Works Trading Down 0.2 %

NYSE:BBWI opened at $27.21 on Tuesday. The firm has a 50-day moving average price of $33.36 and a two-hundred day moving average price of $41.34. Bath & Body Works has a twelve month low of $26.20 and a twelve month high of $52.99. The company has a market capitalization of $5.96 billion, a P/E ratio of 7.01, a price-to-earnings-growth ratio of 0.86 and a beta of 1.77.

Bath & Body Works Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were given a dividend of $0.20 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.94%. Bath & Body Works’s dividend payout ratio (DPR) is 20.62%.

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.