Bath & Body Works (NYSE:BBWI) Coverage Initiated by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft started coverage on shares of Bath & Body Works (NYSE:BBWI) in a research note published on Thursday morning, Marketbeat.com reports. The brokerage issued a hold rating and a $21.00 target price on the stock.

Several other research firms have also recently commented on BBWI. Wells Fargo & Company lowered their target price on Bath & Body Works from $33.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, November 21st. Morgan Stanley reiterated an “equal weight” rating and issued a $18.00 price target (down previously from $43.00) on shares of Bath & Body Works in a report on Friday, November 21st. Robert W. Baird set a $20.00 price objective on Bath & Body Works in a research report on Wednesday, December 17th. Jefferies Financial Group dropped their price objective on Bath & Body Works from $32.00 to $28.50 and set a “hold” rating for the company in a report on Monday, October 13th. Finally, Barclays upped their target price on shares of Bath & Body Works from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $23.83.

Bath & Body Works Trading Up 3.6%

Shares of NYSE BBWI opened at $22.75 on Thursday. Bath & Body Works has a 1-year low of $14.27 and a 1-year high of $41.87. The company has a 50-day moving average of $20.17 and a two-hundred day moving average of $25.79. The company has a market cap of $4.66 billion, a PE ratio of 7.00, a P/E/G ratio of 0.81 and a beta of 1.51.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings results on Thursday, November 20th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.05). Bath & Body Works had a net margin of 9.50% and a negative return on equity of 47.35%. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the company earned $0.49 earnings per share. Bath & Body Works’s revenue for the quarter was down 1.0% compared to the same quarter last year. Bath & Body Works has set its FY 2025 guidance at 2.870- EPS and its Q4 2025 guidance at 1.700- EPS. As a group, equities research analysts forecast that Bath & Body Works will post 3.3 earnings per share for the current year.

Bath & Body Works Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $0.80 dividend on an annualized basis and a yield of 3.5%. Bath & Body Works’s payout ratio is presently 24.62%.

Insider Activity at Bath & Body Works

In related news, Director Francis Hondal acquired 3,343 shares of the stock in a transaction dated Friday, November 21st. The stock was bought at an average price of $14.99 per share, with a total value of $50,111.57. Following the completion of the transaction, the director directly owned 21,554 shares of the company’s stock, valued at approximately $323,094.46. The trade was a 18.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven E. Voskuil acquired 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were bought at an average price of $15.04 per share, for a total transaction of $300,800.00. Following the completion of the acquisition, the director owned 33,925 shares of the company’s stock, valued at $510,232. This trade represents a 143.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 33,513 shares of company stock worth $500,442 over the last ninety days. 0.26% of the stock is owned by corporate insiders.

Institutional Trading of Bath & Body Works

A number of institutional investors have recently modified their holdings of BBWI. First Horizon Corp acquired a new position in shares of Bath & Body Works during the third quarter worth about $29,000. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Bath & Body Works in the 2nd quarter valued at approximately $33,000. Geneos Wealth Management Inc. boosted its position in Bath & Body Works by 217.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,169 shares of the company’s stock worth $35,000 after acquiring an additional 801 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Bath & Body Works by 63.3% during the 2nd quarter. Parallel Advisors LLC now owns 1,241 shares of the company’s stock worth $37,000 after acquiring an additional 481 shares in the last quarter. Finally, Danske Bank A S bought a new position in shares of Bath & Body Works during the 3rd quarter worth approximately $39,000. 95.14% of the stock is currently owned by institutional investors.

Bath & Body Works Company Profile

Bath & Body Works, Inc is a leading specialty retailer focused on personal care, home fragrance and complementary products. Through its flagship Bath & Body Works brand, the company offers a diverse assortment of shower gels, lotions, fragrance mists, candles and home fragrance items. Its product portfolio also includes the White Barn Candle Co range of premium scented candles and diffusers. Bath & Body Works serves consumers through a combination of brick-and-mortar stores and e-commerce platforms, delivering seasonal collections, limited-edition releases and signature scent lines.

Founded in 1990 as part of Limited Brands (now L Brands), Bath & Body Works opened its first store in New Albany, Ohio, and quickly expanded across the United States.