Bath & Body Works (NYSE:BBWI) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Stock analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Bath & Body Works (NYSE:BBWI) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm set a “hold” rating and a $21.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential downside of 2.50% from the company’s current price.

Several other equities research analysts have also recently weighed in on BBWI. Wells Fargo & Company decreased their target price on Bath & Body Works from $33.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, November 21st. Baird R W downgraded shares of Bath & Body Works from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bath & Body Works in a research report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price target on shares of Bath & Body Works from $26.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Finally, Bank of America reduced their price target on shares of Bath & Body Works from $40.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Five equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $23.83.

Bath & Body Works Stock Performance

BBWI stock opened at $21.54 on Thursday. Bath & Body Works has a one year low of $14.27 and a one year high of $41.87. The firm’s 50 day moving average price is $20.19 and its 200-day moving average price is $25.81. The firm has a market cap of $4.41 billion, a PE ratio of 6.77, a PEG ratio of 0.81 and a beta of 1.51.

Bath & Body Works (NYSE:BBWI) last issued its earnings results on Thursday, November 20th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.64 billion. Bath & Body Works had a negative return on equity of 47.35% and a net margin of 9.50%.The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. Bath & Body Works has set its FY 2025 guidance at 2.870- EPS and its Q4 2025 guidance at 1.700- EPS. Equities research analysts predict that Bath & Body Works will post 3.3 EPS for the current fiscal year.

Insider Activity

In other news, Director Stephen D. Steinour purchased 6,700 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average cost of $14.86 per share, with a total value of $99,562.00. Following the completion of the acquisition, the director directly owned 48,175 shares of the company’s stock, valued at approximately $715,880.50. This trade represents a 16.15% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Francis Hondal bought 3,343 shares of the company’s stock in a transaction on Friday, November 21st. The shares were acquired at an average price of $14.99 per share, for a total transaction of $50,111.57. Following the transaction, the director directly owned 21,554 shares in the company, valued at $323,094.46. This trade represents a 18.36% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 33,513 shares of company stock valued at $500,442. 0.26% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BBWI. American Century Companies Inc. grew its stake in shares of Bath & Body Works by 2,204.1% during the 3rd quarter. American Century Companies Inc. now owns 5,174,370 shares of the company’s stock worth $133,292,000 after purchasing an additional 4,949,796 shares during the period. Jupiter Asset Management Ltd. boosted its holdings in Bath & Body Works by 553.2% during the third quarter. Jupiter Asset Management Ltd. now owns 3,714,499 shares of the company’s stock worth $95,685,000 after buying an additional 3,145,797 shares in the last quarter. Norges Bank acquired a new stake in shares of Bath & Body Works during the 2nd quarter valued at approximately $57,746,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Bath & Body Works during the 3rd quarter worth approximately $43,113,000. Finally, Cooper Creek Partners Management LLC grew its holdings in shares of Bath & Body Works by 42.7% in the 2nd quarter. Cooper Creek Partners Management LLC now owns 5,409,919 shares of the company’s stock worth $162,081,000 after acquiring an additional 1,619,276 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

About Bath & Body Works

Bath & Body Works, Inc is a leading specialty retailer focused on personal care, home fragrance and complementary products. Through its flagship Bath & Body Works brand, the company offers a diverse assortment of shower gels, lotions, fragrance mists, candles and home fragrance items. Its product portfolio also includes the White Barn Candle Co range of premium scented candles and diffusers. Bath & Body Works serves consumers through a combination of brick-and-mortar stores and e-commerce platforms, delivering seasonal collections, limited-edition releases and signature scent lines.

Founded in 1990 as part of Limited Brands (now L Brands), Bath & Body Works opened its first store in New Albany, Ohio, and quickly expanded across the United States.