Deutsche Bank Aktiengesellschaft Begins Coverage on Bath & Body Works (NYSE:BBWI)

Stock analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Bath & Body Works (NYSE:BBWI) in a research note issued to investors on Thursday, MarketBeat reports. The brokerage set a “hold” rating and a $21.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential downside of 9.77% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Jefferies Financial Group reduced their price objective on Bath & Body Works from $32.00 to $28.50 and set a “hold” rating for the company in a research report on Monday, October 13th. Barclays increased their target price on Bath & Body Works from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Citigroup reduced their price target on Bath & Body Works from $35.00 to $21.00 and set a “buy” rating for the company in a report on Friday, November 21st. New Street Research set a $26.00 price target on Bath & Body Works in a research report on Monday, November 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Bath & Body Works from $26.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $23.83.

Bath & Body Works Trading Up 2.2%

Shares of BBWI stock opened at $23.27 on Thursday. The company’s fifty day moving average price is $20.15 and its 200-day moving average price is $25.75. The stock has a market cap of $4.76 billion, a PE ratio of 7.16, a price-to-earnings-growth ratio of 0.84 and a beta of 1.51. Bath & Body Works has a 12 month low of $14.27 and a 12 month high of $41.87.

Bath & Body Works (NYSE:BBWI) last issued its quarterly earnings results on Thursday, November 20th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.05). Bath & Body Works had a negative return on equity of 47.35% and a net margin of 9.50%.The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the business earned $0.49 earnings per share. The firm’s revenue was down 1.0% compared to the same quarter last year. Bath & Body Works has set its FY 2025 guidance at 2.870- EPS and its Q4 2025 guidance at 1.700- EPS. On average, sell-side analysts forecast that Bath & Body Works will post 3.3 earnings per share for the current fiscal year.

Insider Transactions at Bath & Body Works

In other Bath & Body Works news, Director Lucy Brady bought 3,470 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was bought at an average cost of $14.40 per share, for a total transaction of $49,968.00. Following the completion of the transaction, the director owned 17,482 shares of the company’s stock, valued at $251,740.80. This represents a 24.76% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Francis Hondal purchased 3,343 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was acquired at an average price of $14.99 per share, for a total transaction of $50,111.57. Following the completion of the transaction, the director directly owned 21,554 shares of the company’s stock, valued at approximately $323,094.46. This trade represents a 18.36% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 33,513 shares of company stock valued at $500,442 over the last 90 days. 0.26% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bath & Body Works

A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in Bath & Body Works by 11.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,080,106 shares of the company’s stock worth $212,120,000 after purchasing an additional 733,000 shares during the period. Alliancebernstein L.P. increased its position in Bath & Body Works by 2.2% in the third quarter. Alliancebernstein L.P. now owns 5,861,444 shares of the company’s stock worth $150,991,000 after buying an additional 123,648 shares in the last quarter. Cooper Creek Partners Management LLC increased its position in Bath & Body Works by 42.7% in the second quarter. Cooper Creek Partners Management LLC now owns 5,409,919 shares of the company’s stock worth $162,081,000 after buying an additional 1,619,276 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Bath & Body Works by 2,204.1% in the third quarter. American Century Companies Inc. now owns 5,174,370 shares of the company’s stock worth $133,292,000 after buying an additional 4,949,796 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Bath & Body Works by 17.1% during the 3rd quarter. AQR Capital Management LLC now owns 4,921,968 shares of the company’s stock valued at $126,790,000 after buying an additional 718,642 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

About Bath & Body Works

Bath & Body Works, Inc is a leading specialty retailer focused on personal care, home fragrance and complementary products. Through its flagship Bath & Body Works brand, the company offers a diverse assortment of shower gels, lotions, fragrance mists, candles and home fragrance items. Its product portfolio also includes the White Barn Candle Co range of premium scented candles and diffusers. Bath & Body Works serves consumers through a combination of brick-and-mortar stores and e-commerce platforms, delivering seasonal collections, limited-edition releases and signature scent lines.

Founded in 1990 as part of Limited Brands (now L Brands), Bath & Body Works opened its first store in New Albany, Ohio, and quickly expanded across the United States.