Bath & Body Works (NYSE:BBWI – Get Free Report) posted its earnings results on Thursday. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.13, MarketWatch Earnings reports. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.56 billion. Bath & Body Works had a net margin of 9.90% and a negative return on equity of 32.64%. Bath & Body Works’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 EPS. 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 BBWI opened at $29.36 on Friday. The stock has a market capitalization of $6.68 billion, a P/E ratio of 9.20, a PEG ratio of 1.04 and a beta of 1.84. The firm has a fifty day simple moving average of $32.00 and a two-hundred day simple moving average of $35.23. Bath & Body Works has a twelve month low of $27.30 and a twelve month high of $49.55.
Bath & Body Works Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be paid a $0.20 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.72%. Bath & Body Works’s dividend payout ratio (DPR) is 25.08%.
Institutional Investors Weigh In On Bath & Body Works
Wall Street Analyst Weigh In
BBWI has been the topic of a number of analyst reports. Barclays raised shares of Bath & Body Works from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $41.00 to $45.00 in a report on Tuesday, August 1st. Telsey Advisory Group decreased their target price on shares of Bath & Body Works from $52.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday. JPMorgan Chase & Co. lowered shares of Bath & Body Works from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $41.00 to $27.00 in a report on Tuesday, October 24th. Citigroup increased their price target on shares of Bath & Body Works from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, August 16th. Finally, Jefferies Financial Group lowered shares of Bath & Body Works from a “buy” rating to a “hold” rating and decreased their price target for the stock from $45.00 to $30.00 in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $41.73.
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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