O Shaughnessy Asset Management LLC and
Janney Montgomery Scott LLC among others have varied their
Bath & Body Works shares. Despite strong performance on certain trading days,
BBWI's stock has underperformed on others when compared to its competitors. Wells Fargo adjusted the stock's price target to $40, leading to a gap down in shares. Other firms have, however, increased their stock positions, illustrating a mixed sentiment. On the financial side, disappointing Q2 guidance led to a stock drop, even though the company surpassed expectations in Q4. A partnership with Netflix indicated bold marketing strategies, but the stock still recorded a 22% drop this year. BBWI's Q1 sales targets were surpassed, but the stock tumbled, prompting Piper Sandler to lower the price target to $39. A weak outlook again affected the performance, but anticipation for Q1 results and the unveiling of a new Bridgerton collection show promise. After Director Sarah Nash sold 48,000 shares, the stock dropped. Despite that,
BBWI continues to make strategic moves, such as a partnership with Accenture and a focus on men’s grooming business.
Bath Body Works BBWI News Analytics from Tue, 22 Aug 2023 07:00:00 GMT to Sun, 28 Jul 2024 12:33:34 GMT -
Rating 1
- Innovation -3
- Information 4
- Rumor -5
