The Vanguard Group, Inc. has recently announced that it has increased stake in Bath & Body Works Inc (NYSE:BBWI) by 0.25%. After grabbing 24.73 million shares, the institutional investor is now in possession of 62198.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 10.87% having worth around $806.57 million. Moreover, BlackRock Fund Advisors increased its share by 8803.0 to have a control over 11.35 million shares. And T. Rowe Price Associates, Inc. raised its holdings to 0.92 million shares by acquiring 8.99 million shares or 3.95% of the stake.
Bath & Body Works Inc (BBWI) concluded trading on 12/21/23 at a closing price of $43.72, with 2.59 million shares of worth about $113.07 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.50% during that period and on Thursday the price saw a gain of about 3.82%. Currently the company’s common shares owned by public are about 229.00M shares, out of which, 224.70M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 45 times over the past 12 months. They bought 427,288 shares in 25 of the transactions. In 20 selling transactions, insiders dumped 101,174 shares.
Vanguard Total Stock Market ETF, T Rowe Price Mid Cap Growth Fund, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Bath & Body Works Inc Vanguard Total Stock Market ETF is currently holding 6.79 million shares of worth totaling $221.44 million. The company recently came buying 11638.0 shares which brought its stake up to 2.99% of the company’s outstanding shares. T Rowe Price Mid Cap Growth Fund sold 25500.0 shares, after which its hold over company’s outstanding shares shrunk to 2.54%, leaving 5.77 million shares with the mutual fund that have a worth of about $188.31 million. Vanguard Small Cap Index Fund, after buying 5.61 million shares, have now control over 2.47% of the stake in the company. It holds 12032.0 shares of worth $182.96 million.
Bath & Body Works Inc (NYSE: BBWI) started trading at $42.74, above $0.63 from concluding price of the previous day. However, the stock later moved at a day high price of 43.75, or with a gain of 3.82%. Stock saw a price change of 4.82% in past 5 days and over the past one month there was a price change of 47.35%. Year-to-date (YTD), BBWI shares are showing a performance of 3.75% which increased to 8.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $27.30 but also hit the highest price of $49.55 during that period. The average intraday trading volume for Bath & Body Works Inc shares is 3.52 million. The stock is currently trading 19.74% above its 20-day simple moving average (SMA20), while that difference is up 32.98% for SMA50 and it goes to 23.56% higher than SMA200.
The Vanguard Group, Inc. acquired 24.73 million shares of Bath & Body Works Inc having value of about $806.57 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 62198.0 shares in the company valued at close to $2719296.56, or have control over 0.25% stake in the company. Bath & Body Works Inc (NYSE: BBWI) currently have 229.00M outstanding shares and institutions hold larger chunk of about 97.20% of that. Holding of mutual funds in the company is about 44.28% while other institutional holders and individual stake holders have control over 52.99% and 0.89% of the stake respectively.
The stock has a current market capitalization of $9.88B and its 3Y-monthly beta is at 1.81. PE ratio of stock for trailing 12 months is 13.69, while it has posted earnings per share of $3.19 in the same period. Its PEG reads 3.25 and has Quick Ratio of 0.54. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BBWI, volatility over the week remained 3.10% while standing at 3.61% over the month.
Analysts are in expectations that Bath & Body Works Inc (BBWI) stock would likely to be making an EPS of $1.85 in the current quarter, while forecast for next quarter EPS is $0.38 and it is $3.3 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.65 which is $2.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.86 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -9.96% while it is estimated to increase by 7.97% in next year. EPS is likely to shrink at an annualized rate of 4.21% for next 5-years, compared to annual growth of 8.27% made by the stock over the past 5-years.
Analysts at 20 brokerage firms have issued recommendations for the Bath & Body Works Inc (BBWI)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.05. Out of those 20 Wall Street analysts, 9 recommended a “Buy” rating, while 7 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Telsey Advisory Group on November 17, 2023 offering an Outperform rating for the stock and assigned a target price range of between $52 and $42 to it.
