Investors Should Take Note Of Bath & Body Works Inc (BBWI)

Bath & Body Works Inc (BBWI) concluded trading on Thursday at a closing price of $43.86, with 2.55 million shares of worth about $112.03 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.54% during that period and on April 18, 2024 the price saw a gain of about 1.55%. Currently the company’s common shares owned by public are about 225.00M shares, out of which, 222.29M shares are available for trading.

However, the stock later moved at a day high price of 46.30, or with a gain of 1.55%. Stock saw a price change of -5.11% in past 5 days and over the past one month there was a price change of -7.62%. Year-to-date (YTD), BBWI shares are showing a performance of 1.62% which increased to 24.04% 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 $50.34 during that period. The average intraday trading volume for Bath & Body Works Inc shares is 2.65 million. The stock is currently trading -6.10% below its 20-day simple moving average (SMA20), while that difference is down -4.68% for SMA50 and it goes to 13.16% higher than SMA200.

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Bath & Body Works Inc (NYSE: BBWI) currently have 225.00M outstanding shares and institutions hold larger chunk of about 96.76% of that.

The stock has a current market capitalization of $9.86B and its 3Y-monthly beta is at 1.92. PE ratio of stock for trailing 12 months is 11.37, while it has posted earnings per share of $3.86 in the same period. Its PEG reads 2.27 and has Quick Ratio of 1.09. 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 3.17% while standing at 2.99% over the month.

Stock’s fiscal year EPS is expected to rise by 0.79% while it is estimated to increase by 13.32% in next year.

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 March 01, 2024 offering an Outperform rating for the stock and assigned a target price range of between $50 and $53 to it. Coverage by Barclays stated Bath & Body Works Inc (BBWI) stock as an Equal weight in their note to investors on January 04, 2024, suggesting a price target of $45 for the stock. On November 17, 2023, Telsey Advisory Group Reiterated their recommendations, while on October 26, 2023, Jefferies Downgrade their ratings for the stock with a price target of $30. Stock get an Underweight rating from JP Morgan on October 24, 2023.

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