Bath & Body Works (NYSE:BBWI) Updates Q4 Earnings Guidance

Bath & Body Works (NYSE:BBWI) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.94-2.07 for the period, compared to the consensus estimate of $1.97. The company issued revenue guidance of (6.5%)-(4.5%) to ~$2.72-2.78 billion, compared to the consensus revenue estimate of $2.74 billion. Bath & Body Works also updated its Q4 2024 guidance to 1.940-2.070 EPS.

Bath & Body Works Stock Down 1.5 %

Shares of BBWI stock opened at $35.23 on Wednesday. Bath & Body Works has a 12 month low of $26.20 and a 12 month high of $52.99. The firm has a market cap of $7.72 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 1.14 and a beta of 1.79. The stock has a 50 day moving average of $30.69 and a 200-day moving average of $35.74.

Bath & Body Works (NYSE:BBWI) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Bath & Body Works had a negative return on equity of 44.03% and a net margin of 12.43%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. As a group, equities analysts predict that Bath & Body Works will post 3.18 EPS for the current fiscal year.

Bath & Body Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.27%. Bath & Body Works’s dividend payout ratio (DPR) is presently 19.51%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Morgan Stanley lowered their price objective on Bath & Body Works from $51.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, November 21st. Piper Sandler boosted their price objective on Bath & Body Works from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Tuesday. Barclays boosted their price objective on Bath & Body Works from $28.00 to $34.00 and gave the company an “underweight” rating in a research report on Tuesday. Evercore ISI lowered their price objective on Bath & Body Works from $45.00 to $35.00 and set an “in-line” rating on the stock in a research report on Wednesday, August 28th. Finally, TD Cowen boosted their price objective on Bath & Body Works from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.88.

Insiders Place Their Bets

In other Bath & Body Works news, CEO Gina Boswell acquired 6,000 shares of Bath & Body Works stock in a transaction on Wednesday, October 9th. The shares were bought at an average price of $29.64 per share, with a total value of $177,840.00. Following the completion of the purchase, the chief executive officer now owns 242,987 shares in the company, valued at $7,202,134.68. This trade represents a 2.53 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.27% of the company’s stock.

Bath & Body Works Company Profile

Bath & Body Works, Inc operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. It sells its products under the Bath & Body Works, White Barn, and other brand names through retail stores and e-commerce sites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements.