Bath & Body Works (NYSE:BBWI) Updates Q3 2024 Earnings Guidance

Bath & Body Works (NYSE:BBWI) updated its third quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.410-0.470 for the period, compared to the consensus earnings per share estimate of 0.470. The company issued revenue guidance of $1.6 billion-$1.6 billion, compared to the consensus revenue estimate of $1.6 billion. Bath & Body Works also updated its FY 2024 guidance to 3.060-3.260 EPS.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BBWI. Robert W. Baird decreased their target price on Bath & Body Works from $54.00 to $45.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Evercore ISI decreased their price objective on Bath & Body Works from $45.00 to $35.00 and set an “in-line” rating on the stock in a report on Wednesday, August 28th. Morgan Stanley decreased their price objective on Bath & Body Works from $56.00 to $51.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on Bath & Body Works from $57.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, August 26th. Finally, Wells Fargo & Company decreased their price objective on Bath & Body Works from $48.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.35.

Bath & Body Works Stock Up 4.3 %

Shares of BBWI opened at $32.45 on Thursday. Bath & Body Works has a 52-week low of $26.20 and a 52-week high of $52.99. The company has a market capitalization of $7.24 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 0.94 and a beta of 1.77. The stock has a fifty day simple moving average of $30.91 and a two-hundred day simple moving average of $38.74.

Bath & Body Works (NYSE:BBWI) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. Bath & Body Works had a negative return on equity of 41.94% and a net margin of 12.69%. As a group, equities analysts anticipate that Bath & Body Works will post 3.18 earnings per share for the current fiscal year.

Bath & Body Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Friday, August 23rd. Bath & Body Works’s payout ratio is 20.62%.

Insider Buying and Selling

In other Bath & Body Works news, CEO Gina Boswell acquired 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The stock was purchased at an average cost of $29.64 per share, with a total value of $177,840.00. Following the transaction, the chief executive officer now owns 242,987 shares of the company’s stock, valued at $7,202,134.68. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.27% of the company’s stock.

About Bath & Body Works

Bath & Body Works, Inc operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. It sells its products under the Bath & Body Works, White Barn, and other brand names through retail stores and e-commerce sites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements.