Bath & Body Works, Inc. (NYSE:BBWI) Receives Consensus Rating of "Moderate Buy" from Analysts

Bath & Body Works, Inc. (NYSE:BBWI - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eighteen research firms that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $45.06.

BBWI has been the subject of a number of analyst reports. Robert W. Baird boosted their price objective on Bath & Body Works from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. Piper Sandler boosted their price target on shares of Bath & Body Works from $36.00 to $39.00 and gave the company a "neutral" rating in a report on Monday, January 6th. Argus reiterated a "hold" rating on shares of Bath & Body Works in a research report on Friday, January 10th. TD Cowen upped their target price on shares of Bath & Body Works from $42.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company upgraded Bath & Body Works from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $42.00 to $48.00 in a research report on Friday, January 10th.

Bath & Body Works Stock Up 4.0 %

BBWI stock traded up $1.22 during trading on Friday, hitting $31.85. 4,262,829 shares of the company's stock traded hands, compared to its average volume of 4,522,167. The stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of 7.77, a price-to-earnings-growth ratio of 0.92 and a beta of 1.89. Bath & Body Works has a 52 week low of $26.21 and a 52 week high of $52.99. The stock has a fifty day moving average price of $34.84 and a two-hundred day moving average price of $34.16.

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Bath & Body Works (NYSE:BBWI - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates of $2.04 by $0.05. Bath & Body Works had a net margin of 12.43% and a negative return on equity of 44.03%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.78 billion. As a group, equities research analysts expect that Bath & Body Works will post 3.3 EPS for the current fiscal year.

Bath & Body Works declared that its Board of Directors has approved a share buyback plan on Thursday, February 27th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 6.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Bath & Body Works Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a dividend of $0.20 per share. The ex-dividend date was Friday, February 21st. This represents a $0.80 annualized dividend and a yield of 2.51%. Bath & Body Works's dividend payout ratio (DPR) is currently 21.98%.

Institutional Investors Weigh In On Bath & Body Works

A number of large investors have recently added to or reduced their stakes in the stock. 111 Capital acquired a new stake in shares of Bath & Body Works in the fourth quarter worth $424,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Bath & Body Works by 179.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 30,030 shares of the company's stock worth $1,164,000 after purchasing an additional 19,297 shares during the last quarter. Shufro Rose & Co. LLC bought a new stake in Bath & Body Works during the 4th quarter valued at approximately $343,000. American Trust bought a new stake in Bath & Body Works during the 4th quarter valued at approximately $205,000. Finally, Public Employees Retirement System of Ohio bought a new position in Bath & Body Works in the 4th quarter worth approximately $2,920,000. 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.