TD Cowen Raises Bath & Body Works (NYSE:BBWI) Price Target to $55.00

Bath & Body Works (NYSE:BBWIFree Report) had its price target hoisted by TD Cowen from $35.00 to $55.00 in a report issued on Friday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities analysts also recently weighed in on BBWI. The Goldman Sachs Group reaffirmed a buy rating on shares of Bath & Body Works in a research note on Tuesday, January 2nd. Telsey Advisory Group reiterated an outperform rating and set a $53.00 price target (up previously from $50.00) on shares of Bath & Body Works in a report on Thursday, February 29th. UBS Group increased their price target on shares of Bath & Body Works from $44.00 to $46.00 and gave the company a neutral rating in a report on Wednesday, February 14th. Barclays cut shares of Bath & Body Works from an overweight rating to an equal weight rating and increased their price target for the company from $37.00 to $45.00 in a report on Thursday, January 4th. Finally, Evercore ISI increased their price target on shares of Bath & Body Works from $30.00 to $45.00 and gave the company an in-line rating in a report on Friday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $45.80.

Read Our Latest Analysis on BBWI

Bath & Body Works Price Performance

Shares of BBWI stock opened at $45.65 on Friday. The company’s fifty day simple moving average is $44.08 and its two-hundred day simple moving average is $37.60. Bath & Body Works has a 1 year low of $27.30 and a 1 year high of $48.43. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 2.49 and a beta of 1.85.

Bath & Body Works (NYSE:BBWIGet Free Report) last announced its earnings results on Thursday, February 29th. The company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.21. Bath & Body Works had a net margin of 11.82% and a negative return on equity of 37.01%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the previous year, the business earned $1.86 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year. Equities research analysts anticipate that Bath & Body Works will post 3.31 EPS for the current year.

Bath & Body Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Friday, February 23rd will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.80 annualized dividend and a yield of 1.75%. Bath & Body Works’s dividend payout ratio (DPR) is 20.78%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BBWI. Denali Advisors LLC acquired a new position in Bath & Body Works during the 4th quarter valued at approximately $27,000. GAMMA Investing LLC purchased a new position in Bath & Body Works during the fourth quarter valued at $27,000. Money Concepts Capital Corp lifted its holdings in Bath & Body Works by 1,180.4% during the fourth quarter. Money Concepts Capital Corp now owns 653 shares of the company’s stock valued at $28,000 after purchasing an additional 602 shares in the last quarter. Front Row Advisors LLC purchased a new position in Bath & Body Works during the third quarter valued at $25,000. Finally, Trust Co. of Vermont acquired a new stake in shares of Bath & Body Works in the third quarter valued at about $27,000. Institutional investors own 94.31% of the company’s stock.

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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Analyst Recommendations for Bath & Body Works (NYSE:BBWI)

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