Bath & Body Works, Inc. engages in the retailing of body care, home fragrance products, soaps, and sanitizers. The company sells its products under the Bath & Body Works, White Barn, C.O. Bigelow, and other brand names through online and at retail stores located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements. It operates approximately 1,750 company-operated Bath & Body Works locations and 300 international franchised locations, as well as bathandbodyworks.com. The company was formerly known as L Brands, Inc. and changed its name to Bath & Body Works, Inc. in August 2021. Bath & Body Works, Inc. was founded in 1963 and is headquartered in Columbus, Ohio.
IPO Year:
Exchange: NYSE
Website: bbwinc.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/8/2024 | $31.00 → $28.00 | Equal Weight → Underweight | Barclays |
8/29/2024 | $53.00 → $42.00 | Outperform | Telsey Advisory Group |
5/17/2024 | $40.00 → $53.00 | Underweight → Neutral | JP Morgan |
3/1/2024 | $50.00 → $53.00 | Outperform | Telsey Advisory Group |
1/4/2024 | $37.00 → $45.00 | Overweight → Equal Weight | Barclays |
11/17/2023 | $52.00 → $42.00 | Outperform | Telsey Advisory Group |
10/26/2023 | $45.00 → $30.00 | Buy → Hold | Jefferies |
10/24/2023 | $41.00 → $27.00 | Neutral → Underweight | JP Morgan |
8/1/2023 | $41.00 → $45.00 | Equal Weight → Overweight | Barclays |
4/20/2023 | $48.00 → $37.00 | Neutral → Underweight | Piper Sandler |
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COLUMBUS, Ohio, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) announced today that it plans to report its third quarter 2024 financial results before market open on Monday, November 25, 2024. In conjunction with this report, the company will host a conference call at 9:00 a.m. EST during which Gina Boswell, chief executive officer, and Eva Boratto, chief financial officer, will discuss the company's results and provide a business update. Supplemental materials will be posted approximately 45 minutes prior to the start of the conference call on the events and presentations page in the Investors section of the company's website at bbwinc.com. Investors and analysts
COLUMBUS, Ohio, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) announced today the declaration of its regular quarterly dividend of $0.20 per share payable on December 6, 2024, to shareholders of record at the close of business on November 22, 2024. ABOUT BATH & BODY WORKS: Home of America's Favorite Fragrances®, Bath & Body Works is a global leader in personal care and home fragrance, including top-selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap. Powered by agility and innovation, the company's predominantly U.S.-based supply chain enables it to deliver quality, on-trend luxurie
COLUMBUS, Ohio, Sept. 25, 2024 /PRNewswire/ -- Bath & Body Works, Inc. (NYSE:BBWI) (the "Company") today announced that the Company and Julie Rosen, President, Retail of Bath & Body Works, have mutually agreed Ms. Rosen will step down from her role, effective immediately. Ms. Rosen will be available in an advisory capacity to ensure a smooth transition. In conjunction with this decision, the Company has eliminated the role of President, Retail, and largely all functions which previously reported to Ms. Rosen will report to Gina Boswell, CEO of Bath & Body Works. Ms. Boswell commented, "On behalf of the Board and management team, I would like to thank Julie for her valuable contributions sin
Net Sales of $1.5 Billion, In Line with GuidanceEarnings Per Diluted Share of $0.68; Adjusted Earnings Per Diluted Share of $0.37, Exceeded GuidanceUpdates Fiscal Year 2024 GuidanceIncreases Full-Year Expected Share Repurchases to $400 million from $300 million COLUMBUS, Ohio, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) today reported second quarter 2024 results. Gina Boswell, CEO of Bath & Body Works, commented, "We delivered net sales in line with our guidance range while adjusted earnings per diluted share exceeded our expectations, as we improved gross margins and executed on our Fuel for Growth initiatives. As we look forward to the rest of the year
COLUMBUS, Ohio, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) announced today that it plans to report its second quarter 2024 financial results before market open on Wednesday, August 28, 2024. In conjunction with this report, the company will host a conference call at 9:00 a.m. EDT during which Gina Boswell, chief executive officer, Eva Boratto, chief financial officer, and Julie Rosen, president, retail, will provide a business update and discuss the company's results. Supplemental materials will be posted approximately 45 minutes prior to the start of the conference call on the events and presentations page in the Investors section of the company's website at bbw
COLUMBUS, Ohio, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) announced today the declaration of its regular quarterly dividend of $0.20 per share payable on September 6, 2024, to shareholders of record at the close of business on August 23, 2024. ABOUT BATH & BODY WORKS: Home of America's Favorite Fragrances®, Bath & Body Works is a global leader in personal care and home fragrance, including top-selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap. Powered by agility and innovation, the company's predominantly U.S.-based supply chain enables the company to deliver quality, on-trend
Net Sales of $1.4 Billion Exceeded GuidanceDiluted Earnings Per Share of $0.38 Exceeded Guidance,up 9% on a GAAP Basis and 15% on an Adjusted Basis Compared to Prior Year COLUMBUS, Ohio, June 04, 2024 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) today reported first quarter 2024 results. Gina Boswell, CEO of Bath & Body Works, commented, "We delivered a better-than-expected start to the year with net sales and earnings per share above the high-end of our guidance range. We are particularly excited with the success of our product introductions and newness, which drove the performance of both our core business and new adjacencies. Our focus on building strong brand awareness and
COLUMBUS, Ohio, May 21, 2024 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) announced today that it plans to report its first quarter 2024 financial results before market open on Tuesday, June 4, 2024. In conjunction with this report, the company will host a conference call at 9:00 a.m. EDT during which Gina Boswell, chief executive officer, Eva Boratto, chief financial officer, and Julie Rosen, president, retail, will provide a business update and discuss the company's results. Supplemental materials will be posted approximately 45 minutes prior to the start of the conference call on the events and presentations page in the Investors section of the company's website at bbwinc.com
COLUMBUS, Ohio, May 17, 2024 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) announced today the declaration of its regular quarterly dividend of $0.20 per share payable on June 21, 2024, to shareholders of record at the close of business on June 7, 2024. ABOUT BATH & BODY WORKS: Home of America's Favorite Fragrances®, Bath & Body Works is a global leader in personal care and home fragrance, including top-selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap. Powered by agility and innovation, the company's predominantly U.S.-based supply chain enables the company to deliver quality, on-trend luxurie
Fourth Quarter and Full-Year Net Sales and Earnings Per Share Exceed Guidance Board of Directors Authorizes New Share Repurchase Program COLUMBUS, Ohio, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) today reported fourth quarter and full-year 2023 results. Gina Boswell, CEO of Bath & Body Works, commented, "The team delivered fourth quarter net sales and earnings that exceeded the high end of our expectations. Underpinning these results was strong execution during the holiday season. Customers responded to innovation and newness as we delivered a seamless omnichannel shopping experience and drove continued enrollment in our loyalty program. Additionally, we conti
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COLUMBUS, Ohio, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) announced today that it plans to report its third quarter 2024 financial results before market open on Monday, November 25, 2024. In conjunction with this report, the company will host a conference call at 9:00 a.m. EST during which Gina Boswell, chief executive officer, and Eva Boratto, chief financial officer, will discuss the company's results and provide a business update. Supplemental materials will be posted approximately 45 minutes prior to the start of the conference call on the events and presentations page in the Investors section of the company's website at bbwinc.com. Investors and analysts
COLUMBUS, Ohio, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) announced today the declaration of its regular quarterly dividend of $0.20 per share payable on December 6, 2024, to shareholders of record at the close of business on November 22, 2024. ABOUT BATH & BODY WORKS: Home of America's Favorite Fragrances®, Bath & Body Works is a global leader in personal care and home fragrance, including top-selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap. Powered by agility and innovation, the company's predominantly U.S.-based supply chain enables it to deliver quality, on-trend luxurie
Retailer's fragrance authority and innovation highlighted in latest collaboration with Paramount Consumer Products for hit Netflix series COLUMBUS, Ohio, Sept. 30, 2024 /PRNewswire/ -- Today, Bath & Body Works (NYSE:BBWI), a global leader in personal care and home fragrance, announced its newest collaboration with Paramount Consumer Products for the hit Netflix series, Emily in Paris. Launching this holiday, the limited-edition collection embodies Parisian charm and trend-forward fragrances through Bath & Body Works' unparalleled fragrance expertise and innovative product storytelling. Emily in Paris is produced by MTV Entertainment Studios and created by Executive Producer Darren Star (Bev
Retailer's fragrance authority and innovation highlighted in latest collaboration with Paramount Consumer Products for hit Netflix series COLUMBUS, Ohio, Sept. 30, 2024 /CNW/ - Today, Bath & Body Works (NYSE: BBWI), a global leader in personal care and home fragrance, announced its newest collaboration with Paramount Consumer Products for the hit Netflix series, Emily in Paris. Launching this holiday, the limited-edition collection embodies Parisian charm and trend-forward fragrances through Bath & Body Works' unparalleled fragrance expertise and innovative product storytelling. Emily in Paris is produced by MTV Entertainment Studios and created by Executive Producer Darren Star (Beverly Hi
COLUMBUS, Ohio, Sept. 25, 2024 /PRNewswire/ -- Bath & Body Works, Inc. (NYSE:BBWI) (the "Company") today announced that the Company and Julie Rosen, President, Retail of Bath & Body Works, have mutually agreed Ms. Rosen will step down from her role, effective immediately. Ms. Rosen will be available in an advisory capacity to ensure a smooth transition. In conjunction with this decision, the Company has eliminated the role of President, Retail, and largely all functions which previously reported to Ms. Rosen will report to Gina Boswell, CEO of Bath & Body Works. Ms. Boswell commented, "On behalf of the Board and management team, I would like to thank Julie for her valuable contributions sin
NEW YORK, Sept. 24, 2024 /PRNewswire/ -- Amentum Holdings Inc. (NYSE:AMTM) will be added to the S&P 500 effective prior to the open of trading on Monday, September 30, replacing Bath & Body Works, Inc. (NYSE:BBWI), which will be moved to the S&P SmallCap 600 effective prior to the open of trading on Tuesday, October 1. Bath & Body Works will replace Movado Group, Inc. (NYSE:MOV) in the S&P SmallCap 600 also effective prior to the open of trading on October 1. S&P 500 constituent Jacob's Solutions Inc. (NYSE:J) is spinning off its Critical Mission Solutions and Cyber Intelligence business, which will merge with private Amentum to create newly publicly traded Amentum Holdings in a transaction
New Roles in Stores and Distributions Centers across US, Canada and Puerto Rico COLUMBUS, Ohio, Sept. 12, 2024 /PRNewswire/ -- Bath and Body Works will hire 30,000 new seasonal associates at its more than 1,800 stores in the US, Canada and Puerto Rico and 2,700 distribution center associates for its four central Ohio distribution centers. As a retailer focused on delivering a best-in-class shopping experience through convenience, service and a selection of high-quality fragrances at the right price points, the company is well positioned to serve its customer throughout its
COLUMBUS, Ohio, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) announced today that Gina Boswell, Chief Executive Officer and Eva Boratto, Chief Financial Officer, will participate in a fireside chat at the Goldman Sachs 31st Annual Global Retailing Conference on Wednesday, September 4, 2024, at 8:15 a.m. EDT. A live audio webcast will be available at the time of the event and may be accessed through the Events and Presentations section of the company's website at https://investors.bbwinc.com/financial-reporting/events-presentations. The webcast will be archived and available at the same location for 90 days after the conclusion of the live event. ABOUT BATH & BODY
Net Sales of $1.5 Billion, In Line with GuidanceEarnings Per Diluted Share of $0.68; Adjusted Earnings Per Diluted Share of $0.37, Exceeded GuidanceUpdates Fiscal Year 2024 GuidanceIncreases Full-Year Expected Share Repurchases to $400 million from $300 million COLUMBUS, Ohio, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) today reported second quarter 2024 results. Gina Boswell, CEO of Bath & Body Works, commented, "We delivered net sales in line with our guidance range while adjusted earnings per diluted share exceeded our expectations, as we improved gross margins and executed on our Fuel for Growth initiatives. As we look forward to the rest of the year
COLUMBUS, Ohio, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) announced today that it plans to report its second quarter 2024 financial results before market open on Wednesday, August 28, 2024. In conjunction with this report, the company will host a conference call at 9:00 a.m. EDT during which Gina Boswell, chief executive officer, Eva Boratto, chief financial officer, and Julie Rosen, president, retail, will provide a business update and discuss the company's results. Supplemental materials will be posted approximately 45 minutes prior to the start of the conference call on the events and presentations page in the Investors section of the company's website at bbw
Barclays downgraded Bath & Body Works from Equal Weight to Underweight and set a new price target of $28.00 from $31.00 previously
Telsey Advisory Group reiterated coverage of Bath & Body Works with a rating of Outperform and set a new price target of $42.00 from $53.00 previously
JP Morgan upgraded Bath & Body Works from Underweight to Neutral and set a new price target of $53.00 from $40.00 previously
Telsey Advisory Group reiterated coverage of Bath & Body Works with a rating of Outperform and set a new price target of $53.00 from $50.00 previously
Barclays downgraded Bath & Body Works from Overweight to Equal Weight and set a new price target of $45.00 from $37.00 previously
Telsey Advisory Group reiterated coverage of Bath & Body Works with a rating of Outperform and set a new price target of $42.00 from $52.00 previously
Jefferies downgraded Bath & Body Works from Buy to Hold and set a new price target of $30.00 from $45.00 previously
JP Morgan downgraded Bath & Body Works from Neutral to Underweight and set a new price target of $27.00 from $41.00 previously
Barclays upgraded Bath & Body Works from Equal Weight to Overweight and set a new price target of $45.00 from $41.00 previously
Piper Sandler downgraded Bath & Body Works from Neutral to Underweight and set a new price target of $37.00 from $48.00 previously
NEW YORK, Sept. 24, 2024 /PRNewswire/ -- Amentum Holdings Inc. (NYSE:AMTM) will be added to the S&P 500 effective prior to the open of trading on Monday, September 30, replacing Bath & Body Works, Inc. (NYSE:BBWI), which will be moved to the S&P SmallCap 600 effective prior to the open of trading on Tuesday, October 1. Bath & Body Works will replace Movado Group, Inc. (NYSE:MOV) in the S&P SmallCap 600 also effective prior to the open of trading on October 1. S&P 500 constituent Jacob's Solutions Inc. (NYSE:J) is spinning off its Critical Mission Solutions and Cyber Intelligence business, which will merge with private Amentum to create newly publicly traded Amentum Holdings in a transaction
COLUMBUS, Ohio, July 25, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) today announced that Eva C. Boratto has been appointed chief financial officer of the Company, effective August 1, 2023. Ms. Boratto succeeds Wendy Arlin, who, as previously announced, will be stepping down from her role as chief financial officer, effective July 29, 2023. Ms. Boratto is a seasoned executive with over three decades of financial and operational experience at both public and private companies. She most recently served as chief financial officer of Opentrons Labworks, a privately held life sciences company. Prior to her role at Opentrons Labworks, Ms. Boratto served as executive vice presid
COLUMBUS, Ohio, May 10, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) today announced the appointment of Maurice Cooper as chief customer officer, effective May 22, 2023. In this newly created role, Cooper will be responsible for executing a comprehensive strategy to strengthen and elevate the brand, including growing and retaining Bath & Body Works' passionate customer base through the development of a personalized, connected and compelling end-to-end customer experience. Cooper is an award-winning marketer and proven brand-building executive with a track record of driving growth at Fortune 500 companies. He joins Bath & Body Works from Target Corporation where he most rec
COLUMBUS, Ohio, March 06, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) announced today that Thomas J. Kuhn, an experienced lawyer, finance executive and board member, has been appointed as a new independent member of the Company's Board of Directors (the "Board"), effective March 10, 2023. Mr. Kuhn is currently Managing Member of Doorbrook LLC and formerly held senior roles at investment banking firm Allen & Company LLC and the law firm of Covington & Burling LLP. Mr. Kuhn is a widely respected executive and advisor whose unique background brings valuable financial, legal and corporate governance expertise to the recently refreshed Bath & Body Works Board. Mr. Kuhn's appoi
Bath & Body Works Has Undertaken Significant Changes to Become a Leading Standalone Personal Care and Home Fragrance Brand The Refreshed Bath & Body Works Board Has the Right Skills and Experience to Maximize Shareholder Value Company Has Engaged Extensively with Third Point in a Good-Faith Effort to Avoid a Costly and Unnecessary Proxy Contest Third Point's Potential Proxy Contest Is Motivated by the Board's Decision Not to Appoint Third Point's Former Co-Chief Investment Officer to the Board and Is Not in the Best Interests of Shareholders COLUMBUS, Ohio, Feb. 27, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Bath & Body Works, Inc. (NYSE:BBWI) ("Bath & Body Works" or the "Compa
Believes Shareholders Urgently Need Representation in the Boardroom Highlights a Series of Serious Corporate Governance Failures, Including Awarding Board Chair an $18 million Pay Package for "Part-Time" Interim CEO Work in 2022 States Shareholders Deserve Responsible Fiduciaries on a Board that Has Stumbled on Execution, Strategy, Succession Planning, Investor Relations and Executive Pay Third Point LLC (LSE: TPOU), a New York-based investment firm managing approximately $13 billion in assets, today sent a letter to Bath & Body Works, Inc.'s (NYSE:BBWI) Board of Directors. The full text of the letter is below. *** Bath & Body Works, Inc. Attn: The Board of Directors 3 Limited Parkway
COLUMBUS, Ohio, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) announced today that Steve Voskuil, currently Senior Vice President and Chief Financial Officer at The Hershey Company, has been appointed as a new independent member of the Company's Board of Directors. Mr. Voskuil is a highly accomplished executive with over 30 years of experience who brings global consumer products expertise and strong financial and capital allocation experience to further strengthen the diverse set of skills and experiences represented on the Board. Sarah Nash, Board Chair, commented, "We are very pleased to welcome a finance leader of Steve's caliber as the newest director on our Bo
COLUMBUS, Ohio, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) announced today that Lucy Brady, currently President, Grocery & Snacks at Conagra Brands, Inc. has been appointed as a new independent member of the Company's Board of Directors. Ms. Brady brings extensive consumer products industry experience focused on business transformation through digital and technological innovation. Sarah Nash, Board Chair, commented, "Lucy brings valuable consulting and executive experience with particular expertise in global digital strategy and customer loyalty and engagement. Her appointment reflects our Board's ongoing commitment to identify new independent directors with the
COLUMBUS, Ohio, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) today announced the appointment of Heather Hollander as Vice President, Investor Relations, effective immediately. Ms. Hollander will be responsible for leading the company's investor relations program, including engagement with shareholders, investors and the analyst community. She will report to Wendy Arlin, Chief Financial Officer. Hollander is a well-established voice in the institutional investor and research analyst community with an impressive career of financial leadership roles spanning investor relations, finance, analytics and strategy at leading consumer brand companies, including Nordstrom,
COLUMBUS, Ohio, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) today announced that the Company's Board of Directors has voted unanimously to appoint Gina Boswell Chief Executive Officer and a member of the Board, effective December 1, 2022. Sarah E. Nash, who has served as Executive Chair of the Board since February 2022 and interim Chief Executive Officer since May 2022, will remain Executive Chair through the end of the Company's fiscal year on January 28, 2023, at which time she will transition back to Chair of the Board. Ms. Boswell has more than 30 years of experience, including extensive beauty and personal care leadership roles at global companies such as Un
Wells Fargo analyst Ike Boruchow maintains Bath & Body Works (NYSE:BBWI) with a Equal-Weight and lowers the price target from $48 to $40.
Piper Sandler analyst Korinne Wolfmeyer maintains Bath & Body Works (NYSE:BBWI) with a Neutral and lowers the price target from $47 to $39.
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The stock market is up solidly this year, thanks to expectations of rate cuts by the Federal Reserve amid easing inflationary pressure, strong corporate earnings and optimism over the potential of artificial intelligence technology’s potential. Building On Gains: The S&P 500 Index, a measure of broader market performance, has gained a robust 14.48% so far this year, and it is up 3.92% for the second quarter. The index last hit a record closing high (5,487.03) on June 18, and breached the 5,500 mark intraday on June 20. Since then, the broader gauge has been going about a consolidation move. The SPDR S&P 500 ETF Trust (NYSE:SPY), an exchange-traded fund that tracks the performance of th
These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio? GameStop Corporation (NYSE:GME) shares lost 29.59% after the return of Keith Gill, a.k.a Roaring Kitty’s livestream disappointed. Vistra Corp. (NYSE:VST) shares are down 14.78%. NIO Inc. (NYSE:NIO) shares fell 12.82% following worse-than-expected Q1 earnings. Bath & Body Works, Inc. (NYSE:BBWI) shares tumbled 12% after the company reported Q1 earnings. VinFast Auto Ltd. (NASDAQ:VFS) shares declined 11.92%. Vertiv Holdings, LLC (NYSE:VRT) shares declined 9.70%. Builders FirstSource, Inc. (NYSE:BLDR) shares lost 9.42% in the last week. E.L.F. Beauty, Inc. (NYSE:ELF) share
Bath & Body Works, Inc. (NYSE:BBWI), a leading retailer of personal care and home fragrance products, is collaborating with Accenture (NYSE:ACN) to modernize, transform and simplify its core digital and technology platforms. This multi-year program is part of Bath & Body Works' strategy to elevate the brand and leverage the latest technologies in digital, MarTech, AI and generative AI (gen AI) to drive growth.
Bath & Body Works, Inc. (NYSE:BBWI) recently reported its first-quarter FY24 results, in which inventories increased 5.6% year over year to $814 million. Here’s a glimpse into analysts’ reactions to the company’s quarterly performance: Goldman Sachs analyst Kate McShane reiterated a Buy rating with a price forecast of $60. BMO Capital Market analyst Simeon Siegel reiterated the Outperform rating, raising the price forecast to $55 from $50. JP Morgan analyst Matthew R. Boss reiterated a Neutral rating with a price forecast of $53. BofA Securities analyst Lorraine Hutchinson reiterated Buy rating, with a price objective of $54. Goldman Sachs: According to the analyst, the t
BMO Capital analyst Simeon Siegel maintains Bath & Body Works (NYSE:BBWI) with a Outperform and raises the price target from $50 to $55.
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, with the index in the “Fear” zone on Tuesday. U.S. stocks settled higher on Tuesday, with the Dow Jones index gaining more than 100 points during the session. On the economic data front, U.S. factory orders increased by 0.7% from the prior month to $588.2 billion in April. The number of job openings fell by 296,000 from the prior month to 8.059 million for April. Investors are awaiting the release of nonfarm payrolls report for May, due to be released on Friday. U.S. major indices notched gains in May. The Dow gained 2.3% last month, while the S&P 500 added 4.8% in May. Shares of Designer Bran
Growth concerns dragged stocks lower on Tuesday, with all major indices trading in the red as investors took a cautious tone on riskier assets. The S&P 500 faced selling pressure when attempting to break above 5,300 levels. It traded down 0.4% by midday in New York. Major large-cap indices showed only marginal dips and small caps felt the brunt of the selloff while the iShares Russell 2000 ETF (NYSE:IWM) was down 1.4%. On The Macro Front Tuesday witnessed further indication of a potential slowing economic momentum, as already surfaced last week and on Monday. The number of job openings in April fell sharply by 296,000, reaching the lowest level since February 2021 and missin