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

Bath & Body Works (NYSE:BBWI) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 3.060-3.260 for the period, compared to the consensus earnings per share estimate of 3.190. The company issued revenue guidance of $7.1 billion-$7.3 billion, compared to the consensus revenue estimate of $7.3 billion. Bath & Body Works also updated its Q3 2024 guidance to 0.410-0.470 EPS.

Analyst Ratings Changes

BBWI has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Bath & Body Works from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company decreased their target price on shares of Bath & Body Works from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. UBS Group cut their price target on Bath & Body Works from $52.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Robert W. Baird reduced their price target on Bath & Body Works from $54.00 to $45.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Bath & Body Works from $57.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, August 26th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Bath & Body Works currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.35.

Bath & Body Works Stock Performance

BBWI opened at $32.45 on Thursday. Bath & Body Works has a 1 year low of $26.20 and a 1 year high of $52.99. The firm has a 50 day moving average price of $30.91 and a 200 day moving average price of $38.74. The company has a market cap 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.

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

Bath & Body Works Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.47%. The ex-dividend date was Friday, August 23rd. Bath & Body Works’s dividend payout ratio (DPR) is presently 20.62%.

Insider Buying and Selling at Bath & Body Works

In other news, CEO Gina Boswell bought 6,000 shares of Bath & Body Works stock in a transaction dated Wednesday, October 9th. The shares were acquired at an average cost of $29.64 per share, with a total value of $177,840.00. Following the completion of the transaction, the chief executive officer now owns 242,987 shares in the company, valued at approximately $7,202,134.68. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is owned by corporate insiders.

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.