Bath & Body Works (NYSE:BBWI) Price Target Raised to $55.00

Bath & Body Works (NYSE:BBWIGet Rating) had its target price raised by Wells Fargo & Company from $50.00 to $55.00 in a report published on Thursday morning, The Fly reports. Wells Fargo & Company currently has an overweight rating on the stock.

BBWI has been the subject of a number of other reports. Citigroup boosted their price target on shares of Bath & Body Works to $48.00 in a research report on Monday, August 22nd. Morgan Stanley boosted their price target on shares of Bath & Body Works from $66.00 to $72.00 in a research report on Friday, August 19th. Barclays boosted their price target on shares of Bath & Body Works from $33.00 to $42.00 and gave the company an equal weight rating in a research report on Friday, August 19th. B. Riley boosted their price target on shares of Bath & Body Works from $44.00 to $48.00 in a research report on Tuesday, August 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Bath & Body Works from $38.00 to $40.00 in a report on Friday, September 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $51.65.

Bath & Body Works Price Performance

BBWI opened at $38.23 on Thursday. The company has a fifty day moving average price of $34.64 and a 200-day moving average price of $36.00. The firm has a market capitalization of $8.73 billion, a P/E ratio of 9.96, a price-to-earnings-growth ratio of 0.86 and a beta of 1.69. Bath & Body Works has a one year low of $25.75 and a one year high of $78.56.

Bath & Body Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, November 17th. Bath & Body Works’s dividend payout ratio is presently 20.83%.

Institutional Trading of Bath & Body Works

Several hedge funds have recently added to or reduced their stakes in the business. Truist Financial Corp raised its stake in shares of Bath & Body Works by 2.2% during the first quarter. Truist Financial Corp now owns 11,400 shares of the company’s stock valued at $546,000 after acquiring an additional 244 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Bath & Body Works by 2.7% during the first quarter. Daiwa Securities Group Inc. now owns 15,738 shares of the company’s stock valued at $752,000 after acquiring an additional 410 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Bath & Body Works by 192.1% during the first quarter. Park Avenue Securities LLC now owns 8,526 shares of the company’s stock valued at $408,000 after acquiring an additional 5,607 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Bath & Body Works by 286.9% during the first quarter. SG Americas Securities LLC now owns 13,454 shares of the company’s stock valued at $643,000 after acquiring an additional 9,977 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of Bath & Body Works by 56.4% during the first quarter. Signaturefd LLC now owns 1,084 shares of the company’s stock valued at $52,000 after acquiring an additional 391 shares during the last quarter. 96.19% of the stock is owned by institutional investors.

Bath & Body Works Company Profile

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Bath & Body Works, Inc operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. The company sells its products under the Bath & Body Works, White Barn, and other brand names through specialty retail stores and websites 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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Analyst Recommendations for Bath & Body Works (NYSE:BBWI)

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