JPMorgan Chase & Co. Issues Positive Forecast for Bath & Body Works (NYSE:BBWI) Stock Price

Bath & Body Works (NYSE:BBWI - Free Report) had its price objective boosted by JPMorgan Chase & Co. from $39.00 to $41.00 in a report released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley reduced their price target on shares of Bath & Body Works from $51.00 to $48.00 and set an "overweight" rating on the stock in a research note on Thursday, November 21st. TD Cowen raised their target price on shares of Bath & Body Works from $42.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Barclays upped their price target on shares of Bath & Body Works from $28.00 to $34.00 and gave the stock an "underweight" rating in a report on Tuesday, November 26th. Argus reissued a "hold" rating on shares of Bath & Body Works in a report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Bath & Body Works from $51.00 to $52.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $43.19.

Bath & Body Works Stock Performance

Shares of Bath & Body Works stock traded down $0.29 on Friday, reaching $37.00. 914,217 shares of the stock were exchanged, compared to its average volume of 3,043,671. The firm's 50 day moving average is $36.76 and its 200-day moving average is $33.66. The firm has a market cap of $8.01 billion, a PE ratio of 9.03, a P/E/G ratio of 1.01 and a beta of 1.82. Bath & Body Works has a one year low of $26.20 and a one year high of $52.99.

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

Bath & Body Works Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, November 22nd. Bath & Body Works's payout ratio is currently 19.51%.

Institutional Inflows and Outflows

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

Bath & Body Works Company Profile

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.