Brokerages Set Bath & Body Works, Inc. (NYSE:BBWI) Target Price at $47.21

Shares of Bath & Body Works, Inc. (NYSE:BBWI) have earned an average recommendation of “Hold” from the fourteen brokerages that are covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $46.40.

A number of analysts have recently weighed in on BBWI shares. Barclays decreased their price target on shares of Bath & Body Works from $45.00 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised shares of Bath & Body Works from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $40.00 to $53.00 in a research report on Friday, May 17th. Piper Sandler cut their target price on shares of Bath & Body Works from $47.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Citigroup cut their target price on shares of Bath & Body Works from $48.00 to $35.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, BMO Capital Markets upped their target price on shares of Bath & Body Works from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, June 5th.

Institutional Investors Weigh In On Bath & Body Works

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new stake in Bath & Body Works in the fourth quarter worth about $27,000. First Community Trust NA acquired a new stake in Bath & Body Works in the second quarter worth about $30,000. EverSource Wealth Advisors LLC lifted its holdings in Bath & Body Works by 72.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company’s stock worth $35,000 after purchasing an additional 337 shares during the period. EntryPoint Capital LLC lifted its holdings 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. Finally, Federated Hermes Inc. lifted its holdings in shares of Bath & Body Works by 17.1% in the fourth quarter. Federated Hermes Inc. now owns 1,612 shares of the company’s stock valued at $70,000 after buying an additional 235 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Bath & Body Works Trading Down 3.1 %

BBWI opened at $33.19 on Friday. Bath & Body Works has a twelve month low of $27.30 and a twelve month high of $52.99. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 1.16 and a beta of 1.85. The company has a fifty day simple moving average of $36.90 and a 200 day simple moving average of $43.16.

Bath & Body Works (NYSE:BBWI) last announced its earnings results on Tuesday, June 4th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. Bath & Body Works had a negative return on equity of 40.00% and a net margin of 11.92%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the firm earned $0.33 earnings per share. The company’s revenue was down .9% on a year-over-year basis. On average, analysts forecast that Bath & Body Works will post 3.29 earnings per share for the current fiscal year.

Bath & Body Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 23rd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Friday, August 23rd. Bath & Body Works’s payout ratio is currently 20.62%.

Bath & Body Works Company Profile

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.