Bath & Body Works Inc [BBWI] Stock trading around $29.82 per share: What’s Next?

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Bath & Body Works Inc [NYSE: BBWI] price plunged by -2.45 percent to reach at -$0.75.

The one-year BBWI stock forecast points to a potential upside of 29.55. The average equity rating for BBWI stock is currently 2.05, trading closer to a bullish pattern in the stock market.

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Guru’s Opinion on Bath & Body Works Inc [BBWI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BBWI shares is $42.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BBWI stock is a recommendation set at 2.05. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Telsey Advisory Group have made an estimate for Bath & Body Works Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 29, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price from $40 to $53. The new note on the price target was released on May 17, 2024, representing the official price target for Bath & Body Works Inc stock. Previously, the target price had yet another raise from $50 to $53, while Telsey Advisory Group kept a Outperform rating on BBWI stock. On January 04, 2024, analysts increased their price target for BBWI shares from 37 to 45.

The Average True Range (ATR) for Bath & Body Works Inc is set at 1.23, with the Price to Sales ratio for BBWI stock in the period of the last 12 months amounting to 0.88. Price to Free Cash Flow for BBWI in the course of the last twelve months was 9.52 with Quick ratio for the last quarter at 0.54.

BBWI Stock Performance Analysis:

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 -4.15. With this latest performance, BBWI shares dropped by -1.71% in over the last four-week period, additionally sinking by -33.92% over the last 6 months – not to mention a drop of -4.12% 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 43.91, with the RSI for the last a single of trading hit 40.02, and the three-weeks RSI is set at 44.66 for Bath & Body Works Inc [BBWI]. The present Moving Average for the last 50 days of trading for this stock 30.89, while it was recorded at 31.36 for the last single week of trading, and 40.34 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 0.54 and a Current Ratio set at 1.11.

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 12.00%.

Bath & Body Works Inc [BBWI] Institutonal Ownership Details

There are presently around $99.23%, or 99.54%% of BBWI stock, in the hands of institutional investors. The top three institutional holders of BBWI stocks are: VANGUARD GROUP INC with ownership of 27.48 million shares, which is approximately 12.2152%. BLACKROCK INC., holding 15.78 million shares of the stock with an approximate value of $$616.16 million in BBWI stocks shares; and BLACKROCK INC., currently with $$467.62 million in BBWI stock with ownership which is approximately 5.3222%.