Bath & Body Works, Inc. (NYSE:BBWI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Bath & Body Works, Inc. (NYSE:BBWI) have been given an average recommendation of “Moderate Buy” by the seventeen ratings firms that are covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $43.00.

Several research firms recently issued reports on BBWI. Evercore ISI reduced their price objective on shares of Bath & Body Works from $45.00 to $35.00 and set an “in-line” rating for the company in a research note on Wednesday, August 28th. UBS Group decreased their price target on Bath & Body Works from $52.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Deutsche Bank Aktiengesellschaft cut their price objective on Bath & Body Works from $57.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, August 26th. Telsey Advisory Group restated an “outperform” rating and issued a $53.00 target price on shares of Bath & Body Works in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. lowered their price target on Bath & Body Works from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BBWI. Envestnet Portfolio Solutions Inc. grew its stake in shares of Bath & Body Works by 5.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 5,571 shares of the company’s stock valued at $279,000 after purchasing an additional 277 shares during the period. Empirical Finance LLC grew its position in Bath & Body Works by 3.6% in the first quarter. Empirical Finance LLC now owns 8,097 shares of the company’s stock valued at $405,000 after acquiring an additional 278 shares during the period. Comerica Bank raised its stake in Bath & Body Works by 0.9% during the fourth quarter. Comerica Bank now owns 33,091 shares of the company’s stock worth $1,428,000 after acquiring an additional 280 shares in the last quarter. CWM LLC lifted its holdings in shares of Bath & Body Works by 6.6% during the second quarter. CWM LLC now owns 5,072 shares of the company’s stock valued at $198,000 after acquiring an additional 314 shares during the period. Finally, Northwest Bank & Trust Co boosted its stake in shares of Bath & Body Works by 2.5% in the 1st quarter. Northwest Bank & Trust Co now owns 13,094 shares of the company’s stock valued at $655,000 after purchasing an additional 315 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Bath & Body Works Stock Down 3.7 %

NYSE BBWI opened at $27.52 on Tuesday. The stock has a market capitalization of $6.03 billion, a PE ratio of 7.09, a price-to-earnings-growth ratio of 0.97 and a beta of 1.77. Bath & Body Works has a 12-month low of $27.30 and a 12-month high of $52.99. The company has a 50 day moving average price of $34.20 and a two-hundred day moving average price of $41.87.

Bath & Body Works Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Friday, August 23rd. Bath & Body Works’s dividend payout ratio (DPR) is presently 20.62%.

About Bath & Body Works

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.