Bath & Body Works Stock (BBWI) Slips as Analysts Remain Cautious Despite Strong Earnings

robot
Abstract generation in progress

Bath & Body Works BBWI -2.04% ▼ stock was down on Thursday alongside a new surge of analysts’ updates after the specialty retailer’s latest earnings report.

Claim 70% Off TipRanks Premium

  • Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions

  • Stay ahead of the market with the latest news and analysis and maximize your portfolio’s potential

Let’s dig into the updated BBWI coverage from Wall Street’s top analysts below.

  • J.P. Morgan analyst Matthew Boss reiterated a Hold rating and cut his price target to $22 from $23, representing a potential 2.87% downside.

  • TD Cowen analyst Jonna Kim maintained a Buy rating and a $26 price target, suggesting a possible 14.79% upside.

  • Citi analyst Paul Lejuez kept a Hold rating and a $25 price target, implying a 10.38% upside.

  • Goldman Sachs analyst Kate McShane stuck with a Hold rating but boosted her price target to $26 from $17.

  • UBS analyst Jay Sole reiterated a Hold rating and a $22 price target.

  • Barclays analyst Adrienne Yih maintained a Hold rating but raised her price target to $25 from $21.

  • Deutsche Bank analyst Krisztina Katai kept a Hold rating but increased her price target to $23 from $22, suggesting a 1.55% upside.

Wells Fargo analyst Ike Boruchow argued that investors should buy Bath & Body Works stock on the post-earnings pullback. He also said the company’s turnaround plan is “right where it should be.” Boruchow has a $29 price target for BBWI stock, representing a possible 29.18% upside for the shares.

Bath & Body Works Stock Movement Today

Bath & Body Works stock fell 2.43% on Thursday but was still up 12.74% year-to-date. The shares have also fallen 32.72% over the past 12 months.

Is Bath & Body Works Stock a Buy, Sell, or Hold?

Turning to Wall Street, the analysts’ consensus rating for Bath & Body Works is Hold, based on three Buy and nine Hold ratings over the past three months. With that comes an average BBWI stock price target of $25.30, representing a potential 13.15% upside for the shares.

Disclaimer & DisclosureReport an Issue

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin