Bath & Body Works Inc (NYSE: BBWI) is 11.45% higher on its value in year-to-date trading and has touched a low of $27.30 and a high of $48.43 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BBWI stock was last observed hovering at around $47.48 in the last trading session, with the day’s gains setting it 0.62%.
Currently trading at $48.10, the stock is 4.56% and 8.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.68 million and changing 1.31% at the moment leaves the stock 26.56% off its SMA200. BBWI registered 38.14% gain for a year compared to 6-month gain of 36.73%. The firm has a 50-day simple moving average (SMA 50) of $2.07 and a 200-day simple moving average (SMA200) of $9.39.
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The stock witnessed a 1.56% loss in the last 1 month and extending the period to 3 months gives it a 16.04%, and is 5.32% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.45% over the week and 2.70% over the month.
Bath & Body Works Inc (BBWI) has around 57200 employees, a market worth around $10.87B and $7.43B in sales. Current P/E ratio is 12.47 and Fwd P/E is 12.91. Profit margin for the company is 11.82%. Distance from 52-week low is 76.19% and -0.68% from its 52-week high. The company has generated returns on investments over the last 12 months (23.31%).
Bath & Body Works Inc quarterly earnings per share for the current quarter are estimated at $0.32 with sales reaching $1.36B over the same period.The EPS is expected to grow by 0.68% this year, but quarterly earnings will post -0.60% year-over-year.
720 institutions hold shares in Bath & Body Works Inc (BBWI), with institutional investors hold 97.66% of the company’s shares. The shares outstanding are 229.00M, and float is at 224.65M with Short Float at 2.55%. Institutions hold 97.12% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 25.62 million shares valued at $960.81 million. The investor’s holdings represent 11.27% of the BBWI Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 16.36 million shares valued at $613.63 million to account for 7.20% of the shares outstanding. The other top investors are Lone Pine Capital Llc which holds 16.36 million shares representing 7.19% and valued at over $613.38 million, while Third Point, LLC holds 6.09% of the shares totaling 13.85 million with a market value of $519.38 million.
Bath & Body Works Inc (BBWI) Insider Activity
The most recent transaction is an insider sale by Rosen Julie, the company’s President, Retail. SEC filings show that Rosen Julie sold 12,361 shares of the company’s common stock on Mar 01 ’24 at a price of $45.83 per share for a total of $0.57 million. Following the sale, the insider now owns 12361.0 shares.
Bath & Body Works Inc disclosed in a document filed with the SEC on Mar 28 ’23 that Arlin Wendy C. (EVP and CFO) sold a total of 1,625 shares of the company’s common stock. The trade occurred on Mar 28 ’23 and was made at $38.29 per share for $62222.0. Following the transaction, the insider now directly holds 91072.0 shares of the BBWI stock.
