Bath & Body Works (NYSE:BBWI) Sees Unusually-High Trading Volume

Shares of Bath & Body Works, Inc. (NYSE:BBWIGet Free Report) saw unusually-high trading volume on Thursday . Approximately 3,012,112 shares traded hands during trading, a decline of 5% from the previous session’s volume of 3,169,779 shares.The stock last traded at $29.92 and had previously closed at $29.51.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Telsey Advisory Group restated an “outperform” rating and set a $53.00 price target on shares of Bath & Body Works in a research report on Wednesday, August 28th. Citigroup decreased their price target on shares of Bath & Body Works from $48.00 to $35.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Piper Sandler dropped their price objective on Bath & Body Works from $47.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. JPMorgan Chase & Co. decreased their target price on Bath & Body Works from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Finally, Raymond James dropped their price target on Bath & Body Works from $51.00 to $42.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Check Out Our Latest Analysis on Bath & Body Works

Bath & Body Works Stock Performance

The company has a market cap of $6.38 billion, a PE ratio of 7.37, a PEG ratio of 1.04 and a beta of 1.77. The business’s 50-day moving average is $34.42 and its 200 day moving average is $42.07.

Bath & Body Works (NYSE:BBWIGet Free Report) last announced its quarterly earnings results on Tuesday, June 4th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Bath & Body Works had a net margin of 12.69% and a negative return on equity of 41.94%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 EPS. Equities research analysts anticipate that Bath & Body Works, Inc. will post 3.18 EPS for the current fiscal year.

Bath & Body Works Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Friday, August 23rd. Bath & Body Works’s payout ratio is 20.62%.

Institutional Trading of Bath & Body Works

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Community Trust NA bought a new position in Bath & Body Works in the second quarter worth about $30,000. EverSource Wealth Advisors LLC raised its position in shares of Bath & Body Works by 72.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company’s stock worth $35,000 after acquiring an additional 337 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Bath & Body Works by 75.7% in the 1st quarter. GAMMA Investing LLC now owns 1,116 shares of the company’s stock valued at $56,000 after purchasing an additional 481 shares during the period. TFO Wealth Partners LLC boosted its position in shares of Bath & Body Works by 9,664.7% during the fourth quarter. TFO Wealth Partners LLC now owns 1,660 shares of the company’s stock valued at $72,000 after purchasing an additional 1,643 shares in the last quarter. Finally, Quarry LP grew its stake in Bath & Body Works by 289.4% in the fourth quarter. Quarry LP now owns 1,690 shares of the company’s stock worth $73,000 after purchasing an additional 1,256 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Bath & Body Works Company Profile

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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.

Further Reading

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