In yesterday’s Wall Street session, Bath & Body Works Inc (NYSE:BBWI) shares traded at $38.71, down -1.80% from the previous session.
BBWI stock price is now -12.33% away from the 50-day moving average and -6.10% away from the 200-day moving average. The market capitalization of the company currently stands at $8.64B.
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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, Nash Sarah E, Director sold 48,000 shares of the company’s stock on Jun 18 ’24. The stock was sold for $1,992,120 at an average price of $41.50. Upon completion of the transaction, the Director now directly owns 149,202 shares in the company, valued at $5.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 27 ’24, Chief Supply Chain Officer Mazurek Thomas E. sold 4,285 shares of the business’s stock. A total of $209,515 was realized by selling the stock at an average price of $48.89. This leaves the insider owning 45,992 shares of the company worth $1.78 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 $13245287424, which is based on a 9.95 price-to-earnings ratio, a 1.98 price-to-earnings-growth ratio, and a beta of 1.85. The fifty day moving average price for BBWI is $43.98 and a two-hundred day moving average price translates $41.25005 for the stock.
The latest earnings results from Bath & Body Works Inc (NYSE: BBWI) was released for 2024-05-04. The company reported revenue of $1.38 billion for the quarter, compared to $1.4 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.86 percent.
