Bath & Body Works Inc. (NYSE:BBWI) currently has a daily average trading volume of 3.55M but it saw 2689806 shares traded on Thursday. With a market cap of 8.53B USD, stock’s current market price of $36.64 came falling about -4.16 while comparing to the previous closing price of $38.23. In past 52 weeks, the stock remained buoying in the range of price level as high as $49.55 and as low as $25.75. In the recent trading on the day, stock has struck highest price mark of $38.56 while lowest mark touched by it was $36.595.
25-cent Stock Takes $11T Commodities Sector Digital
One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.
All the details are in the FREE online report you can get here.
Sponsored
Taking a look at 20-day trading activity of Bath & Body Works Inc. (BBWI) gives us an average price of $34.72, while its current price level is -26.05% below from 52-week high level whereas it is 42.29% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $35.38 while that of 200 days or SMA-200 reads an average of $38.39. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.78% during that period while stretching the period over a month that decreases to 3.34%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 55.05 which implies that the stock is in neutral territory.
Bath & Body Works Inc. (BBWI)’s stock is currently under the radar of 19 analysts who are in consensus at a 12-month price target range of between $37.00 and $61.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $37.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $61.00. Average price target assigned by them is $46.00 which highlights an upside potential of 20.35% for the stock over that period. And to attain the median price target of $48.00 assigned by those analysts, stock has to add about 23.67% of value to its current levels.
Data by FactSet Research shows that 19 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 2 are advising it as an Overweight. 9 analysts suggested the investors to Buy the stock while 8 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, BBWI’s stock price is moving -2.73% down while it is 6.05% when we observe its performance for the past one month. Year-to-date it is -13.05% down and over the past year, the stock is showing an upside performance of 1.36%.
The latest quarterly earnings report issued by the company was for quarter ended 4/29/2023, when its quarterly earnings per share (EPS) of $0.33 beat the consensus estimate of $0.26 for the same. The company is expected to be releasing its next quarterly report in 08/16/2023, for which analysts forecasted an EPS of $0.33 while estimate for next year EPS is $2.96. For BBWI, analysts are forecasting an EPS-growth rate of -12.90% for current year and estimate for EPS growth in next year is 19.90%. In next quarter, company is expected to be making quarterly sales of $1.57 billion as analysts are expecting the sales for current fiscal year at $7.47 billion and seeing the company making $7.8 billion in sales next year. Moreover, analysts are in estimates of $1.56 billion for current-quarter revenue.
Currently, Bath & Body Works Inc.’s total number of outstanding shares is 229.00M with 2.60% of that held by the insiders while 97.38% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 42.40% and return on equity (ROE) at -37.90%. It has a price to earnings ratio (P/E ratio) of 11.68 while having a 10.31 of forward P/E ratio. Stock’s beta reads 1.71. Stock has a price to sale or P/S ratio amounts to 1.14. Its return on asset (ROA) is 18.80% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Total Stock Market ETF came shrinking its share ownership by 0.34% in the Bath & Body Works Inc. (BBWI) increasing its stake to 2.95% with control over 23147.0 shares in the company. As per SEC documents, Vanguard Total Stock Market ETF sought 6,737,164 of company’s common stock of worth $236.47 million as per recent closing price of the stock. Vanguard Total Stock Market ETF is not the only institutional holder which restructured its stake in Bath & Body Works Inc., as Vanguard 500 Index Fund picked 5,361,018 shares of worth $188.17 million to bring its holdings to a total of 28740.0 shares. In the most recent quarter, T Rowe Price Mid Cap Growth Fund came rising its stake by 12.77% in the company and now holds 4.5 million or 1.97% of the company’s stake having worth of about 157.95 million.
