Bath & Body Works Inc. (BBWI) shares have been observing a steady surge, primarily due to the release of their favorable Q3 earnings. There reports of
beating estimates and consequently
raising their full-year outlook. The company has also been attracting interest from notable entities, including the likes of
Citigroup Inc., Massachusetts Financial Services Co. MA, Verition Fund Management LLC, Public Sector Pension Investment Board, and a few more, all of which have either bought or raised their holdings in BBWI. Goldman Sachs highlighted that BBWI's stocks were undervalued at 10.3x P/E while simultaneously Bath & Body Works' expanded its sales guidance due to strong
consumer trends and
market momentum. However, one cannot overlook the potential headwinds the stock faces in ongoing cost-saving efforts. Complementing these efforts, the company is recruiting over 30,000 new seasonal associates ahead of the festive period. BBWI's stocks did take a hit but quickly showed signs of recovery demonstrating resilience in a volatile retail environment. This fortified trust led to an upgrade of BBWI stocks by Morningstar Research to 'Buy', setting a target price of $69.
Bath Body Works BBWI News Analytics from Mon, 03 Jun 2024 07:00:00 GMT to Fri, 29 Nov 2024 22:22:00 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 5
