Bath & Body Works Inc (NYSE: BBWI) Shocks Wall Street This Week With A -0.41% Stock Price Decline

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Bath & Body Works Inc (NYSE:BBWI) has a beta value of 1.79 and has seen 2.68 million shares traded in the recent trading session. The company, currently valued at $6.90B, closed the recent trade at $31.49 per share which meant it lost -$0.13 on the day or -0.41% during that session. The BBWI stock price is -68.28% off its 52-week high price of $52.99 and 16.8% above the 52-week low of $26.20. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.44 million shares traded. The 3-month trading volume is 5.51 million shares.

The consensus among analysts is that Bath & Body Works Inc (BBWI) is Buy stock at the moment, with a recommendation rating of 2.05. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 5 out of 15 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.47.

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Bath & Body Works Inc (NYSE:BBWI) trade information

Sporting -0.41% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the BBWI stock price touched $31.49 or saw a rise of 2.72%. Year-to-date, Bath & Body Works Inc shares have moved -27.04%, while the 5-day performance has seen it change 9.23%. Over the past 30 days, the shares of Bath & Body Works Inc (NYSE:BBWI) have changed 6.46%. Short interest in the company has seen 10.41 million shares shorted with days to cover at 1.53.

Wall Street analysts have a consensus price target for the stock at $49, which means that the shares’ value could jump 35.73% from the levels at last check today.. The projected low price target is $31.0 while the price target rests at a high of $70.0. In that case, then, we find that the latest price level in today’s session is -122.29% off the targeted high while a plunge would see the stock lose 1.56% from the levels at last check today..

Bath & Body Works Inc (BBWI) estimates and forecasts

Figures show that Bath & Body Works Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -33.87% over the past 6 months, with this year growth rate of -2.75%, compared to -4.10% for the industry. Revenue growth from the last financial year stood is estimated to be -2.50%.

15 analysts offering their estimates for the company have set an average revenue estimate of 1.58B for the current quarter. 15 have an estimated revenue figure of 2.75B for the next ending quarter.

Earnings growth for 2024 is a modest -2.05% while over the next 5 years, the company’s earnings are expected to increase by 12.00%.

BBWI Dividends

Bath & Body Works Inc is expected to release its next earnings report on 2024-Nov-14 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.80 at a share yield of 2.54%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 5.47%.

Bath & Body Works Inc (NYSE:BBWI)’s Major holders

Insiders own 0.32% of the company shares, while shares held by institutions stand at 98.11% with a share float percentage of 98.42%. Investors are also buoyed by the number of investors in a company, with Bath & Body Works Inc having a total of 741.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 27.48 million shares worth more than $1.07 billion. As of 2024-06-30, VANGUARD GROUP INC held 12.2152% of shares outstanding.

The other major institutional holder is BLACKROCK INC., with the holding of over 15.78 million shares as of 2024-06-30. The firm’s total holdings are worth over $616.16 million and represent 7.0128% of shares outstanding.