Bath & Body Works (NYSE:BBWI) Issues Q2 Earnings Guidance

Bath & Body Works (NYSE:BBWIGet Rating) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.60-0.65 for the period, compared to the consensus earnings per share estimate of $0.67. Bath & Body Works also updated its FY 2022 guidance to $3.80-$4.15 EPS.

NYSE BBWI traded down $3.86 during trading on Thursday, reaching $39.08. The company’s stock had a trading volume of 652,052 shares, compared to its average volume of 4,763,561. The firm has a market cap of $9.32 billion, a price-to-earnings ratio of 8.11, a P/E/G ratio of 1.15 and a beta of 1.56. Bath & Body Works has a twelve month low of $42.46 and a twelve month high of $82.00. The business’s fifty day moving average price is $50.28 and its 200-day moving average price is $59.23.

Bath & Body Works (NYSE:BBWIGet Rating) last released its quarterly earnings data on Wednesday, May 18th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.11. Bath & Body Works had a net margin of 14.13% and a negative return on equity of 115.32%. On average, equities analysts predict that Bath & Body Works will post 4.56 earnings per share for the current fiscal year.

Several analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Bath & Body Works from $90.00 to $95.00 and gave the company an overweight rating in a report on Friday, February 25th. Cowen raised shares of Bath & Body Works from a market perform rating to an outperform rating and set a $82.00 price objective for the company in a research report on Monday, May 2nd. BMO Capital Markets cut their price objective on shares of Bath & Body Works from $83.00 to $65.00 in a research report on Thursday. Cowen raised shares of Bath & Body Works from a market perform rating to an outperform rating in a research report on Monday, May 2nd. Finally, Robert W. Baird dropped their price target on shares of Bath & Body Works from $75.00 to $65.00 and set an outperform rating for the company in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus price target of $74.21.

In related news, CFO Wendy C. Arlin sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 19th. The shares were sold at an average price of $55.00, for a total transaction of $330,000.00. Following the transaction, the chief financial officer now directly owns 98,888 shares of the company’s stock, valued at $5,438,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.37% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Captrust Financial Advisors lifted its stake in shares of Bath & Body Works by 10.4% in the first quarter. Captrust Financial Advisors now owns 3,124 shares of the company’s stock worth $149,000 after buying an additional 295 shares during the last quarter. JustInvest LLC increased its position in Bath & Body Works by 20.5% during the fourth quarter. JustInvest LLC now owns 5,798 shares of the company’s stock worth $405,000 after acquiring an additional 987 shares during the period. MML Investors Services LLC increased its position in Bath & Body Works by 7.4% during the fourth quarter. MML Investors Services LLC now owns 14,407 shares of the company’s stock worth $1,005,000 after acquiring an additional 991 shares during the period. Metropolitan Life Insurance Co NY increased its holdings in Bath & Body Works by 2.9% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 36,007 shares of the company’s stock valued at $2,513,000 after buying an additional 1,023 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Bath & Body Works by 3.9% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,484 shares of the company’s stock valued at $1,648,000 after buying an additional 1,301 shares during the period. Institutional investors and hedge funds own 97.11% of the company’s stock.

About Bath & Body Works (Get Rating)

Bath & Body Works, Inc operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. The company sells its products under the Bath & Body Works, White Barn, and other brand names through specialty retail stores and websites 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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Earnings History and Estimates for Bath & Body Works (NYSE:BBWI)

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