FY2023 EPS Estimates for Bath & Body Works, Inc. (NYSE:BBWI) Lifted by Jefferies Financial Group

Bath & Body Works, Inc. (NYSE:BBWIGet Rating) – Analysts at Jefferies Financial Group boosted their FY2023 EPS estimates for shares of Bath & Body Works in a research note issued to investors on Thursday, November 17th. Jefferies Financial Group analyst A. Helgans now expects that the company will post earnings of $3.03 per share for the year, up from their prior forecast of $2.79. The consensus estimate for Bath & Body Works’ current full-year earnings is $3.11 per share. Jefferies Financial Group also issued estimates for Bath & Body Works’ Q4 2023 earnings at $1.49 EPS, Q4 2024 earnings at $1.67 EPS, Q1 2025 earnings at $0.48 EPS, Q2 2025 earnings at $0.63 EPS and Q3 2025 earnings at $0.63 EPS.

A number of other analysts have also recently weighed in on the stock. BMO Capital Markets upped their target price on shares of Bath & Body Works from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, August 18th. B. Riley upped their target price on shares of Bath & Body Works from $44.00 to $48.00 in a research note on Tuesday, August 16th. Credit Suisse Group lowered their target price on shares of Bath & Body Works from $49.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, August 18th. JPMorgan Chase & Co. upped their target price on shares of Bath & Body Works from $38.00 to $40.00 in a research note on Friday, September 16th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Bath & Body Works from $41.00 to $46.00 in a research note on Friday, August 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Bath & Body Works has an average rating of “Moderate Buy” and a consensus target price of $51.65.

Bath & Body Works Stock Performance

NYSE:BBWI opened at $38.23 on Monday. The firm’s 50-day moving average is $34.64 and its 200-day moving average is $36.00. Bath & Body Works has a 52-week low of $25.75 and a 52-week high of $78.56. The company 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.

Institutional Investors Weigh In On Bath & Body Works

Several hedge funds have recently bought and sold shares of BBWI. Truist Financial Corp lifted its position in Bath & Body Works by 2.2% during the first quarter. Truist Financial Corp now owns 11,400 shares of the company’s stock worth $546,000 after acquiring an additional 244 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings 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 worth $752,000 after purchasing an additional 410 shares during the period. Park Avenue Securities LLC increased its holdings 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 worth $408,000 after purchasing an additional 5,607 shares during the period. SG Americas Securities LLC increased its holdings 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 worth $643,000 after purchasing an additional 9,977 shares during the period. Finally, Signaturefd LLC increased its holdings 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 worth $52,000 after purchasing an additional 391 shares during the period. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Bath & Body Works Announces Dividend

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

About Bath & Body Works

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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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Earnings History and Estimates for Bath & Body Works (NYSE:BBWI)

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