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Why Bath & Body Works Inc (BBWI) Stock Could See Much Higher Prices Ahead

Bath & Body Works Inc (NYSE: BBWI) is -10.73% 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 $39.19 in the last trading session, with the day’s loss setting it -0.66%.

Currently trading at $38.53, the stock is 12.23% and 20.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.33 million and changing -1.68% at the moment leaves the stock 0.27% off its SMA200. BBWI registered 2.56% gain for a year compared to 6-month loss of -13.80%. The firm has a 50-day simple moving average (SMA 50) of $31.871 and a 200-day simple moving average (SMA200) of $38.4648.

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The stock witnessed a 28.43% gain in the last 1 month and extending the period to 3 months gives it a 42.76%, and is 4.45% 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 4.71% over the week and 3.76% over the month.

Bath & Body Works Inc (BBWI) has around 57157 employees, a market worth around $8.34B and $7.43B in sales. Current P/E ratio is 9.39 and Fwd P/E is 10.64. Profit margin for the company is 12.43%. Distance from 52-week low is 47.03% and -27.28% 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 213.99M 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

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Bath & Body Works Inc disclosed in a document filed with the SEC on Oct 09 ’24 that Boswell Gina (Chief Executive Officer) bought a total of 6,000 shares of the company’s common stock. The trade occurred on Oct 09 ’24 and was made at $29.64 per share for $0.18 million. Following the transaction, the insider now directly holds 0.24 million shares of the BBWI stock.

Still, SEC filings show that on Jun 18 ’24, Nash Sarah E (Director) disposed off 48,000 shares at an average price of $41.50 for $1.99 million. The insider now directly holds 149,202 shares of Bath & Body Works Inc (BBWI).

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