Bath & Body Works, Inc. (NYSE:BBWI - Get Free Report) shares were up 5.9% on Monday . The company traded as high as $30.66 and last traded at $30.63. Approximately 954,895 shares changed hands during trading, a decline of 74% from the average daily volume of 3,696,849 shares. The stock had previously closed at $28.92.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Evercore ISI decreased their price target on shares of Bath & Body Works from $45.00 to $35.00 and set an "in-line" rating for the company in a research note on Wednesday, August 28th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $42.00 target price on shares of Bath & Body Works in a research report on Thursday, September 26th. UBS Group dropped their price target on Bath & Body Works from $52.00 to $38.00 and set a "neutral" rating on the stock in a research report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft decreased their price objective on Bath & Body Works from $57.00 to $54.00 and set a "buy" rating for the company in a report on Monday, August 26th. Finally, Citigroup cut their target price on shares of Bath & Body Works from $48.00 to $35.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 20th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.13.
Check Out Our Latest Stock Analysis on BBWI
Bath & Body Works Trading Up 8.2 %
The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 7.57, a P/E/G ratio of 0.90 and a beta of 1.79. The firm has a 50-day moving average of $30.08 and a 200-day moving average of $37.25.
Bath & Body Works (NYSE:BBWI - Get Free Report) last released its earnings results on Wednesday, August 28th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. Bath & Body Works had a negative return on equity of 41.94% and a net margin of 12.69%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. On average, equities research analysts anticipate that Bath & Body Works, Inc. will post 3.18 EPS for the current year.
Bath & Body Works Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.80 annualized dividend and a dividend yield of 2.56%. Bath & Body Works's dividend payout ratio (DPR) is presently 19.37%.
Insider Activity at Bath & Body Works
In related news, CEO Gina Boswell purchased 6,000 shares of the business's stock in a transaction on Wednesday, October 9th. The shares were bought at an average cost of $29.64 per share, with a total value of $177,840.00. Following the transaction, the chief executive officer now owns 242,987 shares of the company's stock, valued at approximately $7,202,134.68. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Bath & Body Works
Several large investors have recently made changes to their positions in the company. First Community Trust NA acquired a new stake in Bath & Body Works in the 2nd quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Bath & Body Works by 300.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the company's stock worth $38,000 after purchasing an additional 900 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Bath & Body Works by 65.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,846 shares of the company's stock worth $72,000 after purchasing an additional 730 shares during the last quarter. EntryPoint Capital LLC lifted its stake in Bath & Body Works by 224.0% in the 1st quarter. EntryPoint Capital LLC now owns 1,471 shares of the company's stock valued at $74,000 after buying an additional 1,017 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new stake in Bath & Body Works in the 3rd quarter worth about $103,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.
About Bath & Body Works
(
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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.
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