Barclays Cuts Bath & Body Works (NYSE:BBWI) Price Target to $39.00

Bath & Body Works (NYSE:BBWIGet Rating) had its price target cut by Barclays to $39.00 in a research note published on Monday, Stock Target Advisor reports.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group upped their price target on shares of Bath & Body Works from $32.00 to $49.00 and gave the company a buy rating in a research note on Friday, August 19th. JPMorgan Chase & Co. upped their price target on shares of Bath & Body Works from $38.00 to $40.00 in a research note on Friday, September 16th. Bank of America upped their price target on shares of Bath & Body Works from $48.00 to $50.00 in a research note on Thursday, November 17th. Raymond James upped their price target on shares of Bath & Body Works from $43.00 to $48.00 and gave the company a strong-buy rating in a research note on Friday, August 19th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Bath & Body Works from $41.00 to $46.00 in a research note on Friday, August 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $51.50.

Bath & Body Works Price Performance

Bath & Body Works stock opened at $40.40 on Monday. The firm has a market capitalization of $9.23 billion, a PE ratio of 10.52, a P/E/G ratio of 0.91 and a beta of 1.69. The company’s 50-day moving average is $34.80 and its 200-day moving average is $35.75. Bath & Body Works has a fifty-two week low of $25.75 and a fifty-two week high of $77.91.

Bath & Body Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, November 17th. Bath & Body Works’s payout ratio is 20.83%.

Hedge Funds Weigh In On Bath & Body Works

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Truist Financial Corp lifted its stake in Bath & Body Works by 2.2% in the 1st quarter. Truist Financial Corp now owns 11,400 shares of the company’s stock valued at $546,000 after purchasing an additional 244 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Bath & Body Works by 119.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 525 shares of the company’s stock valued at $26,000 after purchasing an additional 286 shares during the last quarter. Captrust Financial Advisors lifted its stake in Bath & Body Works by 10.4% in the 1st quarter. Captrust Financial Advisors now owns 3,124 shares of the company’s stock valued at $149,000 after purchasing an additional 295 shares during the last quarter. Toroso Investments LLC lifted its stake in Bath & Body Works by 3.7% in the 3rd quarter. Toroso Investments LLC now owns 8,943 shares of the company’s stock valued at $292,000 after purchasing an additional 319 shares during the last quarter. Finally, Coastal Investment Advisors Inc. increased its position in Bath & Body Works by 3.4% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 10,330 shares of the company’s stock valued at $337,000 after acquiring an additional 338 shares during the period. Institutional investors own 96.19% of the company’s stock.

Bath & Body Works Company Profile

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

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Analyst Recommendations for Bath & Body Works (NYSE:BBWI)

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