2 weeks Ago By ABMN Staff
Bath & Body Works, Inc. ( NYSE:BBWI – Get Free Report ) dropped 3.3% during mid-day trading on Thursday after JPMorgan Chase & Co.
lowered their price target on the stock from $42.00 to $39.00.
JPMorgan Chase & Co. currently has a neutral rating on the stock. Bath & Body Works traded as low as $31.
12 and last traded at $31.22. Approximately 340,015 shares changed hands during trading, a decline of 89% from the average daily volume of 3,071,252 shares.
The stock had previously closed at $32.29. Several other equities research analysts also recently commented on the stock.
Barclays reduced their price target on shares of Bath & Body Works from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday.
BMO Capital Markets lifted their price target on Bath & Body Works from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, June 5th.
Bank of America reduced their price objective on Bath & Body Works from $54.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday.
Robert W. Baird lowered their target price on Bath & Body Works from $54.00 to $45.
00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, UBS Group reduced their price target on shares of Bath & Body Works from $52.00 to $38.
00 and set a “neutral” rating for the company in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Bath & Body Works presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.
50. View Our Latest Report on BBWI Institutional Investors Weigh In On Bath & Body Works Bath & Body Works Trading Down 0.8 % The firm has a market capitalization of $6.
87 billion, a P/E ratio of 7.93, a P/E/G ratio of 1.16 and a beta of 1.
85. The company’s fifty day moving average is $35.46 and its 200-day moving average is $42.
59. Bath & Body Works ( NYSE:BBWI – Get Free Report ) last announced its earnings results on Tuesday, June 4th. The company reported $0.
38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05.
The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion.
Bath & Body Works had a negative return on equity of 40.00% and a net margin of 11.92%.
The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.
33 EPS. On average, equities research analysts anticipate that Bath & Body Works, Inc. will post 3.
29 EPS for the current year. Bath & Body Works Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 23rd will be given a dividend of $0.
20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.
60%. The ex-dividend date is Friday, August 23rd. Bath & Body Works’s dividend payout ratio (DPR) is currently 20.
62%. About Bath & Body Works ( Get Free Report ) 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.
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