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

Bath & Body Works, Inc. (NYSE:BBWI - Get Free Report) has been given an average recommendation of "Moderate Buy" by the sixteen research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $42.50.

Several equities analysts recently issued reports on BBWI shares. TD Cowen raised their price objective on Bath & Body Works from $42.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. lifted their price target on shares of Bath & Body Works from $35.00 to $39.00 and gave the company a "neutral" rating in a report on Tuesday, November 26th. Wells Fargo & Company increased their price objective on shares of Bath & Body Works from $38.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft lifted their target price on 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, Piper Sandler increased their price target on Bath & Body Works from $35.00 to $36.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 26th.

Insider Activity

In other Bath & Body Works news, CEO Gina Boswell bought 6,000 shares of the business's stock in a transaction that occurred on Wednesday, October 9th. The stock was acquired at an average cost of $29.64 per share, with a total value of $177,840.00. Following the completion of the purchase, the chief executive officer now directly owns 242,987 shares in the company, valued at approximately $7,202,134.68. This trade represents a 2.53 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.27% of the company's stock.

Institutional Investors Weigh In On Bath & Body Works

Institutional investors and hedge funds have recently modified their holdings of the stock. True Wealth Design LLC raised its stake in shares of Bath & Body Works by 5,270.0% during the 3rd quarter. True Wealth Design LLC now owns 1,074 shares of the company's stock worth $34,000 after purchasing an additional 1,054 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Bath & Body Works by 300.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the company's stock worth $38,000 after purchasing an additional 900 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Bath & Body Works during the 3rd quarter valued at $39,000. TD Private Client Wealth LLC increased its position in Bath & Body Works by 24.2% during the third quarter. TD Private Client Wealth LLC now owns 1,697 shares of the company's stock worth $54,000 after buying an additional 331 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in Bath & Body Works by 480.3% during the third quarter. Meeder Asset Management Inc. now owns 1,735 shares of the company's stock valued at $55,000 after buying an additional 1,436 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

Bath & Body Works Trading Up 0.3 %

NYSE:BBWI traded up $0.10 on Thursday, reaching $38.58. The stock had a trading volume of 3,384,132 shares, compared to its average volume of 4,016,248. The company has a 50-day moving average of $33.27 and a 200 day moving average of $34.46. The stock has a market cap of $8.36 billion, a P/E ratio of 9.41, a price-to-earnings-growth ratio of 1.44 and a beta of 1.83. Bath & Body Works has a 12-month low of $26.20 and a 12-month high of $52.99.

Bath & Body Works (NYSE:BBWI - Get Free Report) last issued its quarterly earnings data on Monday, November 25th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.03. Bath & Body Works had a negative return on equity of 44.03% and a net margin of 12.43%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the firm earned $0.48 EPS. Bath & Body Works's quarterly revenue was up 3.1% on a year-over-year basis. On average, equities analysts predict that Bath & Body Works will post 3.26 EPS for the current year.

Bath & Body Works Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Friday, November 22nd. Bath & Body Works's dividend payout ratio (DPR) is presently 19.51%.

About Bath & Body Works

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.