Bath & Body Works Inc. [NYSE: BBWI] stock went on a downward path that fall over -3.53% on Wednesday, amounting to a one-week price increase of more than 9.46%. The company report on May 18, 2022 that Bath & Body Works Exceeds First Quarter Sales and Earnings per Share Guidance.
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Bath & Body Works, Inc. (NYSE: BBWI) today reported first quarter 2022 results.
Sarah Nash, Executive Chair and Interim Chief Executive Officer of Bath & Body Works, commented, “Our business is very strong, our execution is excellent, and our strategy of delivering affordable luxuries to our customers is more relevant than ever. We have built on the past two years of extraordinary growth with strong momentum as we entered fiscal 2022. We are pleased to have delivered better-than-expected sales and earnings results in the quarter.”.
Over the last 12 months, BBWI stock dropped by -28.18%. The one-year Bath & Body Works Inc. stock forecast points to a potential upside of 42.26.
The market cap for the stock reached $9.45 billion, with 260.00 million shares outstanding and 224.84 million shares in the current float. Compared to the average trading volume of 5.21M shares, BBWI stock reached a trading volume of 4359071 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Bath & Body Works Inc. [BBWI]:
Cowen have made an estimate for Bath & Body Works Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 02, 2022. While these analysts kept the previous recommendation, MKM Partners dropped their target price from $94 to $91. The new note on the price target was released on February 24, 2022, representing the official price target for Bath & Body Works Inc. stock. Previously, the target price had yet another drop from $105 to $81, while JP Morgan kept a Overweight rating on BBWI stock. On February 24, 2022, analysts decreased their price target for BBWI shares from 86 to 78.
The Average True Range (ATR) for Bath & Body Works Inc. is set at 2.73, with the Price to Sales ratio for BBWI stock in the period of the last 12 months amounting to 1.50. Price to Free Cash Flow for BBWI in the course of the last twelve months was 30.60 with Quick ratio for the last quarter at 1.80.
BBWI Stock Performance Analysis:
Bath & Body Works Inc. [BBWI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.46. With this latest performance, BBWI shares dropped by -27.13% in over the last four-week period, additionally sinking by -47.33% over the last 6 months – not to mention a drop of -28.18% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BBWI stock in for the last two-week period is set at 36.83, with the RSI for the last a single of trading hit 36.20, and the three-weeks RSI is set at 38.16 for Bath & Body Works Inc. [BBWI]. The present Moving Average for the last 50 days of trading for this stock 48.64, while it was recorded at 40.97 for the last single week of trading, and 60.13 for the last 200 days.
Insight into Bath & Body Works Inc. Fundamentals:
Bath & Body Works Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 2.30.
BBWI Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BBWI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Bath & Body Works Inc. go to 19.33%.
Bath & Body Works Inc. [BBWI] Insider Position Details
There are presently around $9,381 million, or 97.60% of BBWI stock, in the hands of institutional investors. The top three institutional holders of BBWI stocks are: VANGUARD GROUP INC with ownership of 28,109,084, which is approximately -1.361% of the company’s market cap and around 0.40% of the total institutional ownership; LONE PINE CAPITAL LLC, holding 22,221,713 shares of the stock with an approximate value of $911.53 million in BBWI stocks shares; and BLACKROCK INC., currently with $785.17 million in BBWI stock with ownership of nearly 7.167% of the company’s market capitalization.
Positions in Bath & Body Works Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 258 institutional holders increased their position in Bath & Body Works Inc. [NYSE:BBWI] by around 33,596,229 shares. Additionally, 329 investors decreased positions by around 36,628,533 shares, while 64 investors held positions by with 158,473,049 shares. The mentioned changes placed institutional holdings at 228,697,811 shares, according to the latest SEC report filing. BBWI stock had 83 new institutional investments in for a total of 11,110,480 shares, while 143 institutional investors sold positions of 10,895,854 shares during the same period.