Citigroup Raises Bath & Body Works (NYSE:BBWI) Price Target to $50.00

Bath & Body Works (NYSE:BBWIGet Rating) had its price objective raised by Citigroup from $48.00 to $50.00 in a research report report published on Friday morning, The Fly reports. The firm currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. Piper Sandler lowered their target price on shares of Bath & Body Works to $44.00 in a report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Bath & Body Works from $41.00 to $46.00 in a research note on Friday, August 19th. Raymond James increased their price target on shares of Bath & Body Works from $43.00 to $48.00 and gave the stock a strong-buy rating in a research note on Friday, August 19th. Evercore ISI increased their price target on shares of Bath & Body Works to $40.00 in a research note on Monday, August 22nd. Finally, Robert W. Baird increased their price target on shares of Bath & Body Works from $48.00 to $50.00 and gave the stock an outperform rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $51.65.

Bath & Body Works Trading Down 1.9 %

Shares of Bath & Body Works stock opened at $38.23 on Friday. The company has a fifty day simple moving average of $34.64 and a 200-day simple moving average of $36.00. Bath & Body Works has a 12-month low of $25.75 and a 12-month high of $78.56. The stock has a market cap of $8.73 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 0.86 and a beta of 1.69.

Bath & Body Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Thursday, November 17th. Bath & Body Works’s dividend payout ratio is currently 20.83%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BBWI. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Bath & Body Works by 119.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 525 shares of the company’s stock worth $26,000 after acquiring an additional 286 shares during the period. Prospera Financial Services Inc purchased a new stake in Bath & Body Works during the first quarter worth $25,000. EverSource Wealth Advisors LLC boosted its position in Bath & Body Works by 490.9% during the first quarter. EverSource Wealth Advisors LLC now owns 585 shares of the company’s stock worth $28,000 after purchasing an additional 486 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Bath & Body Works by 361.4% in the first quarter. First Horizon Advisors Inc. now owns 646 shares of the company’s stock valued at $31,000 after purchasing an additional 506 shares during the last quarter. Finally, Ellevest Inc. increased its position in shares of Bath & Body Works by 156.0% in the second quarter. Ellevest Inc. now owns 1,047 shares of the company’s stock valued at $28,000 after buying an additional 638 shares in the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

About Bath & Body Works

(Get Rating)

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.

See Also

The Fly logo

Analyst Recommendations for Bath & Body Works (NYSE:BBWI)

Receive News & Ratings for Bath & Body Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bath & Body Works and related companies with MarketBeat.com's FREE daily email newsletter.