JPMorgan Chase & Co. upgraded Bath & Body Works (BBWI) to neutral. The company has outperformed competitors on several trading days, with the stock seeing an 84% surge. Many firms, including Principal Securities Inc. and Charles Schwab Investment Management Inc., invested significantly in BBWI. Notably, BBWI surpassed expectations with strong Q4 and full-year earnings. However, it also experienced some underperformances compared to competitors. As the company declared a $0.20 quarterly dividend, some analysts suggested the stock was worth looking at closely, despite short interest growing by 35.5%. Several firms, including Victory Capital Management Inc. and Truist Financial Corp, cut their stake in BBWI, raising questions about its attractiveness. BBWI's disappointing guidance overshadowed its earnings beat. However, BBWI's resilience, highlighted by exceeding estimates and delivering a solid Q3 performance, continued to interest analysts. On the downside, sales forecasts were trimmed as demand slowed into the holiday season. Though BBWI achieved success with new launches like The Bridgerton Collection and a reformulated hand soap collection, their stock's return of -0.1% YTD underperforms its competition.
Bath Body Works BBWI News Analytics from Fri, 16 Jun 2023 07:00:00 GMT to Sun, 19 May 2024 14:34:00 GMT -
Rating 4
- Innovation -4
- Information 7
- Rumor -3
