Bath & Body Works, Inc. (BBWI) To Go Ex-Dividend on February 20th

Bath & Body Works, Inc. (NYSE:BBWI) declared a quarterly dividend on Friday, February 6th. Shareholders of record on Friday, February 20th will be paid a dividend of 0.20 per share on Friday, March 6th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, February 20th.

Bath & Body Works has decreased its dividend by an average of 0.1%per year over the last three years. Bath & Body Works has a dividend payout ratio of 20.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Bath & Body Works to earn $3.70 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 21.6%.

Bath & Body Works Stock Up 3.9%

NYSE BBWI opened at $23.11 on Friday. The company has a 50-day moving average price of $20.94 and a 200-day moving average price of $24.39. Bath & Body Works has a 52 week low of $14.27 and a 52 week high of $41.87. The firm has a market capitalization of $4.73 billion, a P/E ratio of 7.11, a PEG ratio of 1.02 and a beta of 1.54.

Bath & Body Works (NYSE:BBWI) last posted its quarterly earnings data on Thursday, November 20th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). Bath & Body Works had a negative return on equity of 47.35% and a net margin of 9.50%.The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the business posted $0.49 EPS. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. Bath & Body Works has set its FY 2025 guidance at 2.870- EPS and its Q4 2025 guidance at 1.700- EPS. As a group, equities research analysts anticipate that Bath & Body Works will post 3.3 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Barclays upped their price objective on Bath & Body Works from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Zacks Research upgraded Bath & Body Works from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. JPMorgan Chase & Co. decreased their price objective on Bath & Body Works from $26.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. UBS Group boosted their price objective on Bath & Body Works from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Bath & Body Works in a report on Thursday, January 8th. They issued a “hold” rating and a $21.00 target price for the company. Five research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Bath & Body Works presently has a consensus rating of “Hold” and a consensus price target of $23.53.

Bath & Body Works Company Profile

Bath & Body Works, Inc is a leading specialty retailer focused on personal care, home fragrance and complementary products. Through its flagship Bath & Body Works brand, the company offers a diverse assortment of shower gels, lotions, fragrance mists, candles and home fragrance items. Its product portfolio also includes the White Barn Candle Co range of premium scented candles and diffusers. Bath & Body Works serves consumers through a combination of brick-and-mortar stores and e-commerce platforms, delivering seasonal collections, limited-edition releases and signature scent lines.

Founded in 1990 as part of Limited Brands (now L Brands), Bath & Body Works opened its first store in New Albany, Ohio, and quickly expanded across the United States.