Bath & Body Works (NYSE:BBWI) PT Raised to $50.00

Bath & Body Works (NYSE:BBWIGet Rating) had its price target hoisted by Citigroup from $48.00 to $50.00 in a note issued to investors on Friday, The Fly reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 30.79% from the company’s current price.

BBWI has been the topic of several other reports. B. Riley upped their price target on shares of Bath & Body Works from $44.00 to $48.00 in a research note on Tuesday, August 16th. Telsey Advisory Group upped their price target on shares of Bath & Body Works from $40.00 to $52.00 and gave the company an “outperform” rating in a research note on Thursday, August 18th. Wells Fargo & Company upped their price target on shares of Bath & Body Works from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Bath & Body Works from $41.00 to $46.00 in a research note on Friday, August 19th. Finally, Bank of America upped their price target on shares of Bath & Body Works from $48.00 to $50.00 in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $51.65.

Bath & Body Works Price Performance

NYSE:BBWI opened at $38.23 on Friday. Bath & Body Works has a one year low of $25.75 and a one year high of $78.56. The company has a market cap of $8.73 billion, a P/E ratio of 9.96, a P/E/G ratio of 0.87 and a beta of 1.69. The firm’s fifty day moving average price is $34.64 and its two-hundred day moving average price is $36.12.

Bath & Body Works (NYSE:BBWIGet Rating) last released its quarterly earnings data on Wednesday, August 17th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.41 by $0.11. Bath & Body Works had a net margin of 12.48% and a negative return on equity of 42.37%. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the company earned $1.34 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, equities research analysts expect that Bath & Body Works will post 3.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BBWI. Prospera Financial Services Inc bought a new position in Bath & Body Works in the 1st quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. raised its holdings in Bath & Body Works by 119.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 525 shares of the company’s stock valued at $26,000 after buying an additional 286 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Bath & Body Works by 490.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 585 shares of the company’s stock valued at $28,000 after purchasing an additional 486 shares during the period. Ellevest Inc. increased its position in Bath & Body Works by 156.0% during the 2nd quarter. Ellevest Inc. now owns 1,047 shares of the company’s stock valued at $28,000 after purchasing an additional 638 shares during the period. Finally, First Horizon Advisors Inc. increased its position in Bath & Body Works by 361.4% during the 1st quarter. First Horizon Advisors Inc. now owns 646 shares of the company’s stock valued at $31,000 after purchasing an additional 506 shares during the period. Institutional investors own 96.19% 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. 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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Analyst Recommendations for Bath & Body Works (NYSE:BBWI)

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