Bath & Body Works (NYSE:BBWI) Stock Price Up 3.3% – What’s Next?

Bath & Body Works, Inc. (NYSE:BBWI)’s share price shot up 3.3% on Monday . The company traded as high as $20.45 and last traded at $20.4450. 4,271,007 shares changed hands during trading, a decline of 29% from the average session volume of 6,043,855 shares. The stock had previously closed at $19.79.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Barclays decreased their price target on Bath & Body Works from $28.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday, November 21st. Telsey Advisory Group downgraded shares of Bath & Body Works from an “outperform” rating to a “market perform” rating and cut their target price for the company from $38.00 to $17.00 in a research note on Friday, November 21st. Zacks Research cut shares of Bath & Body Works from a “hold” rating to a “strong sell” rating in a research report on Monday, November 24th. UBS Group lowered their price target on Bath & Body Works from $32.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Finally, New Street Research set a $26.00 target price on Bath & Body Works in a report on Monday, November 24th. Five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Bath & Body Works presently has an average rating of “Hold” and an average target price of $23.61.

Bath & Body Works Stock Performance

The company’s fifty day moving average price is $21.06 and its 200 day moving average price is $26.15. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 6.31, a price-to-earnings-growth ratio of 0.73 and a beta of 1.51.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings data on Thursday, November 20th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.64 billion. Bath & Body Works had a net margin of 9.50% and a negative return on equity of 47.35%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS. Bath & Body Works has set its FY 2025 guidance at 2.870- EPS and its Q4 2025 guidance at 1.700- EPS. As a group, sell-side analysts expect that Bath & Body Works, Inc. will post 3.3 earnings per share for the current year.

Bath & Body Works Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $0.80 annualized dividend and a yield of 3.9%. Bath & Body Works’s payout ratio is presently 24.62%.

Insider Transactions at Bath & Body Works

In other Bath & Body Works news, Director Lucy Brady purchased 3,470 shares of the company’s stock in a transaction on Friday, November 21st. The shares were purchased at an average cost of $14.40 per share, for a total transaction of $49,968.00. Following the completion of the transaction, the director owned 17,482 shares in the company, valued at $251,740.80. The trade was a 24.76% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven E. Voskuil acquired 20,000 shares of Bath & Body Works stock in a transaction dated Friday, November 21st. The shares were acquired at an average price of $15.04 per share, with a total value of $300,800.00. Following the transaction, the director owned 33,925 shares in the company, valued at approximately $510,232. This represents a 143.63% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders acquired 33,513 shares of company stock worth $500,442. Corporate insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Bath & Body Works

Several hedge funds have recently bought and sold shares of BBWI. Summit Investment Advisors Inc. acquired a new stake in shares of Bath & Body Works during the 1st quarter valued at about $1,292,000. Intech Investment Management LLC raised its position in Bath & Body Works by 53.5% in the second quarter. Intech Investment Management LLC now owns 58,460 shares of the company’s stock worth $1,751,000 after purchasing an additional 20,381 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Bath & Body Works by 11.5% during the second quarter. JPMorgan Chase & Co. now owns 7,080,106 shares of the company’s stock worth $212,120,000 after purchasing an additional 733,000 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Bath & Body Works by 126.3% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 271,727 shares of the company’s stock valued at $8,141,000 after purchasing an additional 151,668 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new stake in shares of Bath & Body Works in the 2nd quarter valued at approximately $2,906,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Bath & Body Works Company Profile

Bath & Body Works, Inc is a leading specialty retailer focused on personal care, home fragrance and complementary products. Through its flagship Bath & Body Works brand, the company offers a diverse assortment of shower gels, lotions, fragrance mists, candles and home fragrance items. Its product portfolio also includes the White Barn Candle Co range of premium scented candles and diffusers. Bath & Body Works serves consumers through a combination of brick-and-mortar stores and e-commerce platforms, delivering seasonal collections, limited-edition releases and signature scent lines.

Founded in 1990 as part of Limited Brands (now L Brands), Bath & Body Works opened its first store in New Albany, Ohio, and quickly expanded across the United States.