In yesterday’s Wall Street session, Bath & Body Works Inc (NYSE:BBWI) shares traded at $45.17, down -12.82% from the previous session.
BBWI stock price is now -4.25% away from the 50-day moving average and 11.68% away from the 200-day moving average. The market capitalization of the company currently stands at $10.10B.
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With the price target enhanced from $40 to $53, JP Morgan Upgraded its rating from Underweight to Neutral for Bath & Body Works Inc (NYSE: BBWI). On March 01, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $50 to quote $53, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Mazurek Thomas E., Chief Supply Chain Officer sold 4,285 shares of the company’s stock on Mar 27 ’24. The stock was sold for $209,515 at an average price of $48.89. Upon completion of the transaction, the Chief Supply Chain Officer now directly owns 45,992 shares in the company, valued at $2.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, President, Retail Rosen Julie sold 12,361 shares of the business’s stock. A total of $566,476 was realized by selling the stock at an average price of $45.83. This leaves the insider owning 12,361 shares of the company worth $0.56 million. A total of 1.05% of the company’s stock is owned by insiders.
During the past 12 months, Bath & Body Works Inc has had a low of $27.30 and a high of $52.99. According to the stock market information, the enterprise value for the company is $14648576000, which is based on a 11.61 price-to-earnings ratio, a 2.31 price-to-earnings-growth ratio, and a beta of 1.90. The fifty day moving average price for BBWI is $47.145 and a two-hundred day moving average price translates $40.4915 for the stock.
The latest earnings results from Bath & Body Works Inc (NYSE: BBWI) was released for 2024-02-03. The company reported revenue of $2.91 billion for the quarter, compared to $2.89 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.83 percent.
