Bath & Body Works (NYSE:BBWI) Earns Outperform Rating from Telsey Advisory Group

Bath & Body Works (NYSE:BBWI)‘s stock had its “outperform” rating reaffirmed by stock analysts at Telsey Advisory Group in a report issued on Thursday,Benzinga reports. They currently have a $43.00 price objective on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 4.77% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on BBWI. Wells Fargo & Company upgraded Bath & Body Works from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $42.00 to $48.00 in a research note on Friday, January 10th. Argus reissued a “hold” rating on shares of Bath & Body Works in a research report on Friday, January 10th. TD Cowen raised their price objective on shares of Bath & Body Works from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Bath & Body Works from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Barclays upgraded Bath & Body Works from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $34.00 to $43.00 in a research report on Monday. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.44.

Bath & Body Works Stock Up 1.0 %

Bath & Body Works stock opened at $41.04 on Thursday. The firm has a 50 day moving average price of $37.82 and a 200-day moving average price of $34.07. 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 $8.89 billion, a P/E ratio of 10.01, a P/E/G ratio of 0.92 and a beta of 1.83.

Bath & Body Works (NYSE:BBWI) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.05. Bath & Body Works had a negative return on equity of 44.03% and a net margin of 12.43%. Equities analysts expect that Bath & Body Works will post 3.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Bath & Body Works

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Wealth Advisors LLC raised its position in shares of Bath & Body Works by 4.9% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 6,982 shares of the company’s stock valued at $271,000 after buying an additional 324 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in Bath & Body Works by 99.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 659 shares of the company’s stock valued at $26,000 after acquiring an additional 329 shares during the last quarter. TD Private Client Wealth LLC increased its stake in Bath & Body Works by 24.2% in the third quarter. TD Private Client Wealth LLC now owns 1,697 shares of the company’s stock valued at $54,000 after acquiring an additional 331 shares during the last quarter. UMB Bank n.a. raised its position in Bath & Body Works by 58.8% during the fourth quarter. UMB Bank n.a. now owns 905 shares of the company’s stock valued at $35,000 after purchasing an additional 335 shares in the last quarter. Finally, Northwest Bank & Trust Co lifted its stake in Bath & Body Works by 2.9% during the fourth quarter. Northwest Bank & Trust Co now owns 14,700 shares of the company’s stock worth $533,000 after purchasing an additional 419 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Bath & Body Works Company Profile

Bath & Body Works, Inc is a specialty retailers and home to America’s Favorite Fragrances, offering a breadth of exclusive fragrances for the body and home, including the selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap.