Bath & Body Works (NYSE:BBWI – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.13, MarketWatch Earnings reports. Bath & Body Works had a negative return on equity of 32.64% and a net margin of 9.90%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the company posted $0.40 EPS. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. Bath & Body Works updated its FY 2023 guidance to $2.90-$3.10 EPS and its Q4 guidance to $1.70-1.90 EPS.
Bath & Body Works Stock Down 2.5 %
Shares of NYSE BBWI opened at $29.36 on Friday. The business’s 50 day moving average is $32.00 and its two-hundred day moving average is $35.23. The company has a market cap of $6.68 billion, a P/E ratio of 9.20, a P/E/G ratio of 1.04 and a beta of 1.84. Bath & Body Works has a 12 month low of $27.30 and a 12 month high of $49.55.
Bath & Body Works Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.72%. The ex-dividend date is Thursday, November 16th. Bath & Body Works’s dividend payout ratio is currently 25.08%.
Analysts Set New Price Targets
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Money Concepts Capital Corp increased its position in Bath & Body Works by 1,180.4% in the 4th quarter. Money Concepts Capital Corp now owns 653 shares of the company’s stock worth $28,000 after buying an additional 602 shares during the period. Front Row Advisors LLC bought a new position in Bath & Body Works in the 3rd quarter worth approximately $25,000. Harvest Fund Management Co. Ltd bought a new position in Bath & Body Works in the 2nd quarter worth approximately $36,000. Desjardins Global Asset Management Inc. acquired a new stake in shares of Bath & Body Works during the 1st quarter worth approximately $36,000. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Bath & Body Works by 55.5% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,065 shares of the company’s stock worth $40,000 after purchasing an additional 380 shares in the last quarter. 94.31% 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.
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