Bath & Body Works' (BBWI) "Outperform" Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Bath & Body Works (NYSE:BBWI - Free Report) in a report issued on Thursday morning,Benzinga reports. They currently have a $43.00 price target on the stock.

Other equities research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft boosted their target price on Bath & Body Works from $51.00 to $52.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Morgan Stanley dropped their target price on Bath & Body Works from $51.00 to $48.00 and set an "overweight" rating on the stock in a report on Thursday, November 21st. Barclays boosted their target price on Bath & Body Works from $28.00 to $34.00 and gave the stock an "underweight" rating in a report on Tuesday, November 26th. Argus reaffirmed a "hold" rating on shares of Bath & Body Works in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. raised Bath & Body Works from a "neutral" rating to an "overweight" rating and upped their price target for the company from $41.00 to $47.00 in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.63.

Bath & Body Works Stock Performance

Shares of BBWI traded down $1.84 during mid-day trading on Thursday, reaching $38.51. 5,441,380 shares of the company's stock traded hands, compared to its average volume of 3,304,652. The business's 50-day moving average price is $37.70 and its 200-day moving average price is $33.86. The stock has a market capitalization of $8.34 billion, a P/E ratio of 9.39, a price-to-earnings-growth ratio of 0.95 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 released its quarterly earnings results 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 company had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.58 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. Equities research analysts anticipate that Bath & Body Works will post 3.26 EPS for the current year.

Bath & Body Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, February 21st. Bath & Body Works's dividend payout ratio is currently 19.51%.

Hedge Funds Weigh In On Bath & Body Works

Institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP purchased a new position in shares of Bath & Body Works during the 3rd quarter valued at $8,129,000. Forest Avenue Capital Management LP grew its holdings in shares of Bath & Body Works by 19.1% during the 3rd quarter. Forest Avenue Capital Management LP now owns 1,467,763 shares of the company's stock valued at $46,851,000 after acquiring an additional 235,173 shares in the last quarter. Anthracite Investment Company Inc. purchased a new position in shares of Bath & Body Works during the 3rd quarter valued at $2,921,000. Principal Financial Group Inc. grew its holdings in shares of Bath & Body Works by 328.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,069,941 shares of the company's stock valued at $34,153,000 after acquiring an additional 820,379 shares in the last quarter. Finally, iA Global Asset Management Inc. boosted its holdings in Bath & Body Works by 1,078.2% in the third quarter. iA Global Asset Management Inc. now owns 49,331 shares of the company's stock worth $1,575,000 after purchasing an additional 45,144 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

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.