Bath & Body Works (NYSE:BBWI) Updates FY 2022 Earnings Guidance

Bath & Body Works (NYSE:BBWIGet Rating) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.80-$4.15 for the period, compared to the consensus estimate of $4.43. The company issued revenue guidance of -.Bath & Body Works also updated its FY23 guidance to $3.80-4.15 EPS.

BBWI traded down $3.73 during trading on Thursday, hitting $39.21. The stock had a trading volume of 642,602 shares, compared to its average volume of 4,763,561. The firm has a market cap of $9.35 billion, a price-to-earnings ratio of 8.11, a P/E/G ratio of 1.15 and a beta of 1.56. The company has a 50 day moving average price of $50.28 and a 200-day moving average price of $59.23. Bath & Body Works has a one year low of $42.46 and a one year high of $82.00.

Bath & Body Works (NYSE:BBWIGet Rating) last posted its quarterly earnings results 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 negative return on equity of 115.32% and a net margin of 14.13%. As a group, sell-side analysts expect that Bath & Body Works will post 4.56 EPS for the current fiscal year.

BBWI has been the topic of a number of research reports. Robert W. Baird reduced their price objective on Bath & Body Works from $75.00 to $65.00 and set an outperform rating on the stock in a research report on Thursday. Wells Fargo & Company reduced their price target on Bath & Body Works from $85.00 to $70.00 and set an overweight rating on the stock in a research report on Tuesday, April 5th. Cowen upgraded Bath & Body Works from a market perform rating to an outperform rating in a research report on Monday, May 2nd. Deutsche Bank Aktiengesellschaft cut their target price on Bath & Body Works from $78.00 to $61.00 in a research report on Thursday. Finally, JPMorgan Chase & Co. dropped their price target on Bath & Body Works from $81.00 to $67.00 in a research note on Monday. Three 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. According to MarketBeat, the stock has an average rating of Buy and an average price target of $74.21.

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

A number of institutional investors have recently bought and sold shares of BBWI. Captrust Financial Advisors raised its stake in Bath & Body Works by 10.4% during the 1st quarter. Captrust Financial Advisors now owns 3,124 shares of the company’s stock valued at $149,000 after buying an additional 295 shares during the last quarter. JustInvest LLC grew its position in shares of Bath & Body Works by 20.5% during the 4th quarter. JustInvest LLC now owns 5,798 shares of the company’s stock valued at $405,000 after acquiring an additional 987 shares during the period. MML Investors Services LLC grew its position in shares of Bath & Body Works by 7.4% during the 4th quarter. MML Investors Services LLC now owns 14,407 shares of the company’s stock valued at $1,005,000 after acquiring an additional 991 shares during the period. Metropolitan Life Insurance Co NY boosted 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 worth $2,513,000 after buying an additional 1,023 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted 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 worth $1,648,000 after buying an additional 1,301 shares during the period. 97.11% of the stock is currently owned by institutional investors and hedge funds.

Bath & Body Works Company Profile (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.

Further Reading

Earnings History and Estimates for Bath & Body Works (NYSE:BBWI)

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