Monthly Stock Report: Bath & Body Works, Inc. (BBWI)
Publication Date: September 22, 2024
Company Overview
Bath & Body Works, Inc. (BBWI), headquartered in Columbus, Ohio, is a leading specialty retailer known for its diverse range of home fragrances, body care products, soaps, and sanitizers. Operating under esteemed brands such as Bath & Body Works and White Barn, the company serves customers through both physical retail locations and online platforms across the U.S. and Canada, along with international reach via franchising and wholesale partnerships. Established in 1963 and rebranded from L Brands, Inc. in August 2021, Bath & Body Works is classified within the Consumer Discretionary sector, indicating a focus on cyclical consumer products.
Financial Performance and Analyst Sentiment
Recent analyses reveal a strong financial outlook for Bath & Body Works, with total revenue reaching $7.384 billion. This performance demonstrates the company’s capacity to thrive in a competitive retail environment. Analysts are optimistic, issuing a buy recommendation for the stock alongside a target high price of $65.00, which presents a robust potential upside from the current asset price of $29.28. The target mean price is set at $43.32, while the target low stands at $31.00, displaying a balanced perspective by analysts against potential risks associated with the stock.
The stock currently carries a short interest of just 4.58%, or 8,805,438 shares out of a total of 219,112,000, indicating a stable trading environment and strong investor confidence. With the stock trading below its fifty-day moving average of $32.71, and significantly lower than its 52-week high of $52.99, investors should consider these metrics when assessing potential recovery moments.
Market Insights and Future Expectations
The specialty retail industry remains promising for investors, and Bath & Body Works is well-positioned to capitalize on growth opportunities. A current stock price of $29.28 signals it may be undervalued relative to its future earnings potential. The consensus score from analysts reflects a favorable outlook, with an overall recommendation mean of 2.3, indicating strong support for investing in this stock.
Investors are advised to keep a close watch on Bath & Body Works, as the balance of current performance metrics against optimistic long-term forecasts could signify a fruitful investment opportunity within this retail segment. As the market fluctuates, potential fluctuations in performance may offer strategic entry points for discerning investors.
| Metric | Value |
|---|---|
| Market Cap | $6.4b |
| Total Debt | $5.4b |
| Total Cash | $514.0m |
| Shares Outstanding | 219.1m |
| Float Shares | 194.6m |
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