Stocks of Bath & Body Works Inc (NYSE:BBWI) traded higher last session on Wall Street, up 0.23% to $30.51.
BBWI stock price is now 0.34% away from the 50-day moving average and -21.84% away from the 200-day moving average. The market capitalization of the company currently stands at $6.69B.
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With the price target reduced from $31 to $28, Barclays Downgraded its rating from Equal Weight to Underweight for Bath & Body Works Inc (NYSE: BBWI). On August 29, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $53 to quote $42, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Boswell Gina, Chief Executive Officer bought 6,000 shares of the company’s stock on Oct 09 ’24. The stock was bought for $177,852 at an average price of $29.64. Upon completion of the transaction, the Chief Executive Officer now directly owns 242,987 shares in the company, valued at $7.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 18 ’24, Director Nash Sarah E sold 48,000 shares of the business’s stock. A total of $1,992,120 was realized by selling the stock at an average price of $41.50. This leaves the insider owning 149,202 shares of the company worth $4.55 million. A total of 1.21% of the company’s stock is owned by insiders.
During the past 12 months, Bath & Body Works Inc has had a low of $26.20 and a high of $52.99. According to the stock market information, the enterprise value for the company is $11536105472, which is based on a 7.37 price-to-earnings ratio, a 0.61 price-to-earnings-growth ratio, and a beta of 1.79. The fifty day moving average price for BBWI is $30.4078 and a two-hundred day moving average price translates $39.03485 for the stock.
The latest earnings results from Bath & Body Works Inc (NYSE: BBWI) was released for 2024-08-03. The company reported revenue of $1.53 billion for the quarter, compared to $1.56 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.12 percent.
