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

Bath & Body Works (NYSE:BBWI – Get Rating) updated its FY 2022 earnings guidance on Wednesday. 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 Q2 2022 guidance to $0.60-$0.65 EPS.

Shares of NYSE BBWI opened at $36.15 on Wednesday. The firm has a market cap of $8.62 billion, a PE ratio of 7.88, a price-to-earnings-growth ratio of 1.11 and a beta of 1.56. Bath & Body Works has a 1 year low of $35.46 and a 1 year high of $82.00. The company has a 50 day simple moving average of $49.82 and a 200 day simple moving average of $58.28.

Bath & Body Works (NYSE:BBWI – Get Rating) last posted its earnings results on Wednesday, May 18th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.11. Bath & Body Works had a net margin of 15.41% and a negative return on equity of 83.19%. Analysts predict that Bath & Body Works will post 3.9 EPS for the current year.

Several analysts have commented on BBWI shares. Credit Suisse Group lowered their price objective on shares of Bath & Body Works from $64.00 to $49.00 and set a neutral rating on the stock in a research report on Thursday, May 19th. Wells Fargo & Company lowered their price target on shares of 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. JPMorgan Chase & Co. reduced their price target on Bath & Body Works from $81.00 to $67.00 in a research report on Monday, May 16th. Zacks Investment Research downgraded Bath & Body Works from a buy rating to a hold rating in a research note on Monday, May 9th. Finally, Citigroup reduced their price objective on shares of Bath & Body Works from $87.00 to $54.00 and set a buy rating for the company in a research note on Monday. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Bath & Body Works currently has an average rating of Buy and an average target price of $66.20.

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 value of $330,000.00. Following the completion of the transaction, the chief financial officer now directly owns 98,888 shares in the company, valued at approximately $5,438,840. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.37% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of BBWI. Captrust Financial Advisors lifted its holdings in shares of Bath & Body Works by 10.4% in the 1st quarter. Captrust Financial Advisors now owns 3,124 shares of the company’s stock valued at $149,000 after acquiring an additional 295 shares during the last quarter. Peapack Gladstone Financial Corp bought a new position in shares of Bath & Body Works during the fourth quarter valued at approximately $209,000. Federated Hermes Inc. increased its holdings in shares of Bath & Body Works by 81.3% in the 1st quarter. Federated Hermes Inc. now owns 4,521 shares of the company’s stock valued at $217,000 after acquiring an additional 2,028 shares during the period. Walleye Capital LLC bought a new position in Bath & Body Works in the first quarter worth about $272,000. Finally, Forum Financial Management LP acquired a new position in shares of Bath & Body Works during the fourth quarter worth $290,000. 97.11% of the stock is currently owned by institutional investors and hedge funds.

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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