Robert W. Baird Lowers Bath & Body Works (NYSE:BBWI) Price Target to $45.00

Bath & Body Works (NYSE:BBWI) had its price target cut by equities research analysts at Robert W. Baird from $54.00 to $45.00 in a report released on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price points to a potential upside of 39.41% from the stock’s previous close.

BBWI has been the subject of a number of other research reports. Bank of America lowered their target price on Bath & Body Works from $54.00 to $45.00 and set a “buy” rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their target price on Bath & Body Works from $57.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday. UBS Group reduced their price target on Bath & Body Works from $52.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday. JPMorgan Chase & Co. upgraded shares of Bath & Body Works from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $40.00 to $53.00 in a report on Friday, May 17th. Finally, Piper Sandler decreased their target price on shares of Bath & Body Works from $47.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $44.06.

Bath & Body Works Price Performance

NYSE BBWI opened at $32.28 on Thursday. The stock’s 50-day moving average is $35.91 and its 200-day moving average is $42.77. Bath & Body Works has a one year low of $27.30 and a one year high of $52.99. The firm has a market cap of $7.21 billion, a P/E ratio of 8.32, a P/E/G ratio of 1.16 and a beta of 1.85.

Bath & Body Works (NYSE:BBWI) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. Bath & Body Works had a net margin of 11.92% and a negative return on equity of 40.00%. Equities analysts anticipate that Bath & Body Works will post 3.29 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BBWI. TD Asset Management Inc boosted its position in Bath & Body Works by 3.7% during the 4th quarter. TD Asset Management Inc now owns 976,278 shares of the company’s stock worth $42,136,000 after buying an additional 35,261 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Bath & Body Works by 28.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 258,617 shares of the company’s stock worth $12,936,000 after buying an additional 56,764 shares during the period. Russell Investments Group Ltd. increased its stake in Bath & Body Works by 46.9% in the first quarter. Russell Investments Group Ltd. now owns 131,605 shares of the company’s stock valued at $6,572,000 after purchasing an additional 41,995 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in Bath & Body Works in the fourth quarter worth approximately $1,618,000. Finally, Vanguard Group Inc. grew its position in Bath & Body Works by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 27,398,192 shares of the company’s stock valued at $1,370,458,000 after purchasing an additional 1,102,124 shares during the period. 95.14% of the stock is owned by institutional investors.

Bath & Body Works Company Profile

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.