Telsey Advisory analyst Dana Telsey maintained a Buy rating on Bath & Body Works (BBWI – Research Report) today and set a price target of $50.00. The company’s shares closed yesterday at $46.42.
Telsey covers the Consumer Cyclical sector, focusing on stocks such as Lululemon Athletica, Wolverine World Wide, and Birkenstock Holding plc. According to TipRanks, Telsey has an average return of 2.0% and a 44.26% success rate on recommended stocks.
Bath & Body Works has an analyst consensus of Moderate Buy, with a price target consensus of $44.90, implying a -3.27% downside from current levels. In a report released on February 15, Bank of America Securities also reiterated a Buy rating on the stock with a $54.00 price target.
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Based on Bath & Body Works’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $1.56 billion and a net profit of $119 million. In comparison, last year the company earned a revenue of $1.6 billion and had a net profit of $91 million
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Bath & Body Works (BBWI) Company Description:
L Brands, Inc. engages in the retail business. It is focused on women’s intimate and other apparel, personal care and beauty categories. It operates its business through the following segments: Victorias Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. Its brands include Victorias Secret, Bath and Body Works, Pink, La Senza, and Henri Bendel. The company was founded by Leslie Herbert Wexner in 1963 and is headquartered in Columbus, OH.
Read More on BBWI:
- Bath & Body Works to Report Fourth Quarter and Fiscal 2023 Financial Results on February 29, 2024
- Bath & Body Works price target raised to $54 from $48 at BofA
- Third Point buys McKesson, exits T-Mobile in Q4
- Lone Pine buys GE, exits Tempur Sealy in Q4
- Bath & Body Works price target raised to $46 from $44 at UBS
