Bath & Body Works Inc (NYSE:BBWI) finished Friday with an addition of $0.59 to close at $33.80, an upside of 1.78 percent. An average of 3,194,520 shares of common stock have been traded in the last five days. There was a gain of $0.69 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 3,088,575 shares traded, while the 50-day average volume stands at 3,369,130.
BBWI stock has decreased by -11.31% in the last month. The company shares reached their 1-month lowest point of $31.61 on 09/26/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $30.52 and a high of $49.55 in 52 weeks. It has reached a new high 5 times so far this year and lost -19.79% or -$8.34 in price. In spite of this, the price is down -31.79% from the 52-week high.
Insider Transactions
BBWI stock investors should be aware that Bath & Body Works Inc (BBWI) stock had its last reported insider trading activity 186 days ago on Mar 28.
Valuation Metrics
Bath & Body Works Inc (BBWI) has a trailing price-to-earnings (P/E) ratio of 11.01. The stock’s beta is 1.76. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.03, and the price-to-cash flow ratio at 9.67.
The company has a payout ratio of 23.30%. The company’s most recent quarterly dividend payment was $0.20 a share, without any change from last year. Its latest increase dividend $0.05 reported on Wednesday February 2 2022.
Financial Health
The quick ratio of Bath & Body Works Inc for the three months ended July 30 was 0.89, and the current ratio was 1.56, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $3.25 billion compared to revenue of $7.56 billion.
Earnings Surprise
For the three-month period that ended July 30, Bath & Body Works Inc had $4.67 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $99.0 million in the quarter, while revenues were shrunk -21.21%. The analyst consensus anticipated Bath & Body Works Inc’s latest quarter earnings to come in at $0.33 per share, but it turned out to be $0.4, a 21.20% surprise. For the quarter, EBITDA amounted to $254.0 million. Shareholders own equity worth $227.38 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Bath & Body Works Inc (BBWI) price momentum. RSI 9-day as of the close on 29 September was 44.05%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.25%.
As of today, BBWI’s price is $32.79 +2.08% or $0.69 from its 5-day moving average. BBWI is currently trading -8.33% lower than its 20-day SMA and +3.65% higher than its 100-day SMA. However, the stock’s current price level is -6.14% below the SMA50 and -19.81% below the SMA200.
The stochastic %K and %D were 24.07% and 14.36%, respectively, and the average true range (ATR) was 1.15. With the 14-day stochastic at 36.57% and the average true range at 1.17, the RSI (14) stands at 42.76%. The stock has reached -0.42 on the 9-day MACD Oscillator while the 14-day reading was at -1.45.
Analyst Ratings
Barclays upgraded Bath & Body Works Inc (NYSE: BBWI) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Equal weight. The consensus rating for Bath & Body Works Inc (BBWI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BBWI, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 10 others rate it as a “buy”.
What is BBWI’s price target for the next 12 months?
Analysts predict a range of price targets between $37.00 and $68.00, with a median target of $48.00. Taking a look at these predictions, the average price target given by analysts for Bath & Body Works Inc (BBWI) stock is $47.78.
