Bath & Body Works Inc’s (NYSE: BBWI) Stock Forecast: Increase To $54 In A Year

The trading price of Bath & Body Works Inc (NYSE:BBWI) floating lower at last check on current market day and closing at $38.51, -0.05% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $38.23 and $38.715. The company’s P/E ratio in the trailing 12-month period was 9.39, while its 5Y monthly beta was 1.776. In examining the 52-week price action we see that the stock hit a 52-week high of $52.99 and a 52-week low of $26.20. Over the past month, the stock has gained 22.22% in value.

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Bath & Body Works Inc, whose market valuation is $8.34 billion at the time of this writing, is expected to release its quarterly earnings report in January. The dividend yield on the company stock is 2.08%, while its Forward Dividend ratio is 0.80. Investors’ optimism about the company’s current quarter earnings report is understandable.

On the technical side, indicators suggest BBWI has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently Hold.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned BBWI a recommendation rating is 15. Out of them, 5 rate it a Hold, while 9 recommend Buy, whereas 1 assign an Overweight rating. 0 analyst(s) have tagged Bath & Body Works Inc (BBWI) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.78, which symbolizes a positive outlook. A quick review shows that BBWI’s price is currently 11.04% off the SMA20 and 19.78% off the SMA50. The RSI metric on the 14-day chart is currently showing 67.59, and weekly volatility stands at 4.71%. When measured over the past 30 days, the indicator reaches 3.76%. Bath & Body Works Inc (NYSE:BBWI)’s beta value is currently sitting at 1.84, while the Average True Range indicator is currently displaying 1.47. With analysts defining $31-$54 as the low and high price targets, we arrive at a consensus price target of $45 for the trailing 12-month period. The current price is about 19.5% off the estimated low and -40.22% off the forecast high, based on this estimate. Investors will be thrilled if BBWI’s share price rises to $45, which is the median consensus price. At that level, BBWI’s share price would be -16.85% below current price.

To see how Bath & Body Works Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: BBWI stock’s performance was -0.05% at last check in today’s session, and -0.72% in the past year. Bath & Body Works Inc has a P/E ratio of 9.39.

An evaluation of the daily trading volume of Bath & Body Works Inc (NYSE:BBWI) indicates that the 3-month average is 6.08 million. However, this figure has increased over the past 10 days to an average of 5.47.

Currently, records show that 217.00 million of the company’s shares remain outstanding. The insiders hold 1.20% of outstanding shares, whereas institutions hold 99.28%. The stats also highlight that short interest as of 2024-10-31, stood at 9.44 million shares, resulting in a short ratio of 1.55 at that time. From this, we can conclude that short interest is 491.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 9.99 million. However, since the stock’s price has seen -10.77% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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