Bath & Body Works, Inc. (BBWI) To Go Ex-Dividend on November 22nd

Bath & Body Works, Inc. (NYSE:BBWI) declared a quarterly dividend on Friday, November 8th,Zacks Dividends reports. Investors of record on Friday, November 22nd will be given a dividend of 0.20 per share on Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Friday, November 22nd.

Bath & Body Works has raised its dividend by an average of 38.7% per year over the last three years. Bath & Body Works has a payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bath & Body Works to earn $3.58 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 22.3%.

Bath & Body Works Stock Down 3.2 %

NYSE BBWI opened at $30.45 on Wednesday. The business’s fifty day simple moving average is $30.34 and its 200-day simple moving average is $36.18. The firm has a market cap of $6.67 billion, a PE ratio of 7.37, a P/E/G ratio of 1.00 and a beta of 1.79. Bath & Body Works has a 52 week low of $26.20 and a 52 week high of $52.99.

Bath & Body Works (NYSE:BBWI) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. Bath & Body Works had a net margin of 12.69% and a negative return on equity of 41.94%. Research analysts expect that Bath & Body Works will post 3.18 EPS for the current year.

Insider Buying and Selling at Bath & Body Works

In other Bath & Body Works news, CEO Gina Boswell bought 6,000 shares of Bath & Body Works stock in a transaction that occurred on Wednesday, October 9th. The shares were purchased at an average cost of $29.64 per share, for a total transaction of $177,840.00. Following the completion of the transaction, the chief executive officer now owns 242,987 shares of the company’s stock, valued at $7,202,134.68. This represents a 2.53 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BBWI. Telsey Advisory Group reiterated an “outperform” rating and issued a $42.00 target price on shares of Bath & Body Works in a report on Monday. JPMorgan Chase & Co. lowered their target price on Bath & Body Works from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Citigroup reduced their target price on shares of Bath & Body Works from $48.00 to $35.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. BMO Capital Markets reiterated an “outperform” rating and set a $50.00 target price (down previously from $52.00) on shares of Bath & Body Works in a research note on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Bath & Body Works from $57.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.44.

About Bath & Body Works

Bath & Body Works, Inc operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. It sells its products under the Bath & Body Works, White Barn, and other brand names through retail stores and e-commerce sites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements.