Telsey Advisory Group raised the price target for the Bath & Body Works Inc (NYSE:BBWI) stock to “an Outperform”. The rating was released on March 01, 2024, according to finviz. We previously noted in another research note published on January 04, 2024 by Barclays that downgraded the stock from an Overweight to an Equal weight with a price target of $45 for BBWI stock. The research report from Telsey Advisory Group has reiterated the stock to Outperform, with a price target set at $42. The stock was downgraded by Jefferies, who disclosed in a research note on October 26, 2023, from Buy to Hold and set the price objective to $30. In their research brief published October 24, 2023, JP Morgan analysts downgraded the Bath & Body Works Inc stock from Neutral to Underweight with a price target of $27.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -5.31% within the last five trades and -4.25% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 44.67% in the last 6 months and 1.27% was added to its value over the previous 3 months. BBWI stock is trading at a margin of -7.15%, -5.02% and 12.89% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, BBWI deals in the Consumer Cyclical domain. The stock is trading -13.21 percent below its 52-week high and 60.04 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 25.21. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Bath & Body Works Inc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 17.30 percent and the profit margin is 11.82 percent, and the company has reported a gross margin of 43.56 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $9.83 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Bath & Body Works Inc (NYSE:BBWI) is 11.33. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 11.70. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.32 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.16 percent of Bath & Body Works Inc shares are owned by insiders, and 96.78 percent are held by financial institutions. Mazurek Thomas E., the Chief Supply Chain Officer at Bath & Body Works Inc (BBWI) has sold 4,285 shares of firm on Mar 27 ’24 at a price of $48.89 against the total amount of $0.21 million. In another inside trade, Rosen Julie, President, Retail of Bath & Body Works Inc (NYSE:BBWI) sold 12,361 shares of the firm on Mar 01 ’24 for a total worth of $0.57 million at a price of $45.83.
