In the latest trading session, 1.77 million Bath & Body Works Inc (NYSE:BBWI) shares changed hands as the company’s beta touched 1.78. With the company’s most recent per share price at $29.93 changed hands at -$0.64 or -2.09% at last look, the market valuation stands at $6.56B. BBWI’s current price is a discount, trading about -77.05% off its 52-week high of $52.99. The share price had its 52-week low at $26.20, which suggests the last value was 12.46% up since then. When we look at Bath & Body Works Inc’s average trading volume, we note the 10-day average is 3.72 million shares, with the 3-month average coming to 5.43 million.
Analysts gave the Bath & Body Works Inc (BBWI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.05. If we narrow down to specifics, the data shows that 0 out of 15 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 5 recommended BBWI as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. Bath & Body Works Inc’s EPS for the current quarter is expected to be 0.47.
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Bath & Body Works Inc (NYSE:BBWI) trade information
Instantly BBWI was in red as seen in intraday trades today. With action -3.79%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -30.65%, with the 5-day performance at -3.79% in the red. However, in the 30-day time frame, Bath & Body Works Inc (NYSE:BBWI) is -1.35% down. Looking at the short shares, we see there were 9.99 million shares sold at short interest cover period of 1.21 days.
The consensus price target for the stock as assigned by Wall Street analysts is 49, meaning bulls need an upside of 38.92% from its recent market value. According to analyst projections, BBWI’s forecast low is 31 with 70 as the target high. To hit the forecast high, the stock’s price needs a -133.88% plunge from its current level, while the stock would need to soar -3.58% for it to hit the projected low.
Bath & Body Works Inc (BBWI) estimates and forecasts
Data shows that the Bath & Body Works Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -33.68% over the past 6 months, a -2.75% in annual growth rate that is considerably higher than the industry average of -8.00%. Year-over-year growth is forecast to reach -2.40% down from the last financial year.
Consensus estimates given by 16 financial analysts project the company’s revenue in the current quarter to hit an average of 1.58B. 16 analysts are of the opinion that Bath & Body Works Inc’s revenue for the current quarter will be 2.75B. The estimates for the next quarter sales put growth at -5.50%.
The 2024 estimates are for Bath & Body Works Inc earnings to decrease by -1.97%, but the outlook for the next 5-year period is at 12.00% per year.
BBWI Dividends
Bath & Body Works Inc is expected to release its next quarterly earnings report on 2024-Nov-14. The 2.67% annual yield figure for the share gives it an annual dividend of 0.80. It is important to note, however, that the 2.67% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 5.47 per year.
Bath & Body Works Inc (NYSE:BBWI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.32% of Bath & Body Works Inc shares while 99.23% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.54%. There are 99.23% institutions holding the Bath & Body Works Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 12.2152% of the shares, roughly 27.48 million BBWI shares worth $1.07 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.0128% or 15.78 million shares worth $616.16 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. With 14.17 shares estimated at $422.5 million under it, the former controlled 6.47% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.21% of the shares, roughly 7.03 shares worth around $209.7 million.
