Bath & Body Works Inc (NYSE:BBWI) shares, rose in value on Friday, April 05, with the stock price up by 0.36% to the previous day’s close as strong demand from buyers drove the stock to $45.33.
Actively observing the price movement in the recent trading, the stock is buoying the session at $45.17. The value of beta (5-year monthly) is 1.88 whereas the PE ratio is 11.75 over 12-month period. Referring to stock’s 52-week performance, its high was $50.34, and the low was $27.30. On the whole, BBWI has fluctuated by 1.24% over the past month.
With the market capitalization of Bath & Body Works Inc currently standing at about $10.20 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 16, 2024 – May 20, 2024. The company’s Forward Dividend Ratio is 0.80, with its dividend yield at 1.76%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.32, which is expected to increase to $0.5 for fiscal year $3.29 and then to about $3.73 by fiscal year 2026. Data indicates that the EPS growth is expected to be 0.60% in 2026, while the next year’s EPS growth is forecast to be 13.40%.
Analysts have estimated the company’s revenue for the quarter at $1.36 billion, with a low estimate of $1.34 billion and a high estimate of $1.37 billion. Wall Street analysts also predicted that in 2026, the company’s y-o-y revenues would reach $7.39 billion, representing a decrease of -0.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BBWI’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.34, with the price of BBWI currently trading nearly -3.34% and -0.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.75, while the 7-day volatility ratio is showing 3.46% which for the 30-day chart, stands at 2.76%. Furthermore, Bath & Body Works Inc (BBWI)’s beta value is 1.91, and its average true range (ATR) is 1.39.
A comparison of Bath & Body Works Inc (BBWI) with its peers suggests the former has fared considerably weaker in the market. BBWI showed an intraday change of 0.36% in today’s session so far, and over the past year, it grew by 24.03%%.
Data on historical trading for Bath & Body Works Inc (NYSE:BBWI) indicates that the trading volumes over the past 10 days have averaged 2.21 million and over the past 3 months, they’ve averaged 2.74 million. According to company’s latest data on outstanding shares, there are 225.00 million shares outstanding.
Nearly 1.15% of Bath & Body Works Inc’s shares belong to company insiders and institutional investors own 96.92% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.02 million shares as on Mar 15, 2024, resulting in a short ratio of 1.61. According to the data, the short interest in Bath & Body Works Inc (BBWI) stood at 2.23% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 7.33 million. The stock has risen by 5.04% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BBWI stock heading into the next quarter.
