Market Analysts see Bath & Body Works Inc. [BBWI] gaining to $82. Time to buy?

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Bath & Body Works Inc. [NYSE: BBWI] traded at a low on 06/06/22, posting a -2.31 loss after which it closed the day’ session at $37.22. 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.”.

The results of the trading session contributed to over 5387352 shares changing hands. Over the past one week, the price volatility of Bath & Body Works Inc. stands at 3.90% while the volatility over the past one month is 6.00%.

The market cap for BBWI stock reached $9.14 billion, with 240.00 million shares outstanding and 224.84 million shares in the current float. Compared to the average trading volume of 5.21M shares, BBWI reached a trading volume of 5387352 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 2.51, with the Price to Sales ratio for BBWI stock in the period of the last 12 months amounting to 1.45.

How has BBWI stock performed recently?

Bath & Body Works Inc. [BBWI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.32. With this latest performance, BBWI shares dropped by -31.15% in over the last four-week period, additionally sinking by -48.99% over the last 6 months – not to mention a drop of -30.37% 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 32.94, with the RSI for the last a single of trading hit 30.29, and the three-weeks RSI is set at 35.26 for Bath & Body Works Inc. [BBWI]. The present Moving Average for the last 50 days of trading for this stock 47.96, while it was recorded at 39.02 for the last single week of trading, and 59.78 for the last 200 days.

Bath & Body Works Inc. [BBWI]: Deeper insight into the fundamentals

Bath & Body Works Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.40.

Earnings analysis for Bath & Body Works Inc. [BBWI]

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%.

Insider trade positions for Bath & Body Works Inc. [BBWI]

There are presently around $8,715 million, or 97.70% 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 $846.65 million in BBWI stocks shares; and BLACKROCK INC., currently with $729.28 million in BBWI stock with ownership of nearly 7.167% of the company’s market capitalization.

259 institutional holders increased their position in Bath & Body Works Inc. [NYSE:BBWI] by around 33,617,048 shares. Additionally, 328 investors decreased positions by around 36,611,415 shares, while 64 investors held positions by with 158,507,285 shares. The mentioned changes placed institutional holdings at 228,735,748 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 142 institutional investors sold positions of 10,878,736 shares during the same period.

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