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Are we looking at the next big move in Bath & Body Works Inc (BBWI)?

Bath & Body Works Inc (NYSE: BBWI) is -14.53% lower on its value in year-to-date trading and has touched a low of $26.20 and a high of $52.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BBWI stock was last observed hovering at around $37.51 in the last trading session, with the day’s loss setting it -0.62%.

Currently trading at $36.89, the stock is 12.80% and 17.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.99 million and changing -1.65% at the moment leaves the stock -4.55% off its SMA200. BBWI registered 8.85% gain for a year compared to 6-month loss of -18.33%. The firm has a 50-day simple moving average (SMA 50) of $31.2212 and a 200-day simple moving average (SMA200) of $38.6926.

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The stock witnessed a 27.56% gain in the last 1 month and extending the period to 3 months gives it a 25.01%, and is 3.10% 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 3.03% over the week and 3.71% over the month.

Bath & Body Works Inc (BBWI) has around 57157 employees, a market worth around $7.99B and $7.43B in sales. Current P/E ratio is 8.99 and Fwd P/E is 10.19. Profit margin for the company is 12.43%. Distance from 52-week low is 40.77% and -30.38% from its 52-week high. The company has generated returns on investments over the last 12 months (29.78%).

with sales reaching $2.77B over the same period.The EPS is expected to grow by 0.12% this year, but quarterly earnings will post -1.83% year-over-year. Quarterly sales are estimated to shrink -4.73% in year-over-year returns.

Bath & Body Works Inc (BBWI) Top Institutional Holders

713.0 institutions hold shares in Bath & Body Works Inc (BBWI), with institutional investors hold 99.09% of the company’s shares. The shares outstanding are 217.00M, and float is at 213.98M with Short Float at 3.85%. Institutions hold 98.80% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 27.48 million shares valued at $1.07 billion. The investor’s holdings represent 12.2152% of the BBWI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 15.78 million shares valued at $616.16 million to account for 7.0128 of the shares outstanding. The other top investors are THIRD POINT LLC which holds 11.97 million shares representing 5.3222% and valued at over $467.62 million, while LONE PINE CAPITAL LLC holds 5.0291 of the shares totaling 11.32 million with a market value of $441.87 million.

Bath & Body Works Inc (BBWI) Insider Activity

The most recent transaction is an insider purchase by Boswell Gina, the company’s Chief Executive Officer. SEC filings show that Boswell Gina bought 6,000 shares of the company’s common stock on Oct 09 ’24 at a price of $29.64 per share for a total of $0.18 million. Following the purchase, the insider now owns 0.24 million shares.

Bath & Body Works Inc disclosed in a document filed with the SEC on Jun 18 ’24 that Nash Sarah E (Director) sold a total of 48,000 shares of the company’s common stock. The trade occurred on Jun 18 ’24 and was made at $41.50 per share for $1.99 million. Following the transaction, the insider now directly holds 0.15 million shares of the BBWI stock.

Still, SEC filings show that on Mar 27 ’24, Mazurek Thomas E. (Chief Supply Chain Officer) disposed off 4,285 shares at an average price of $48.89 for $0.21 million. The insider now directly holds 45,992 shares of Bath & Body Works Inc (BBWI).

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