Bath & Body Works, Inc. (BBWI) has had a series of major developments. Despite a
26% surge in the stock, some believe it's still underperforming in the market. Major institutions as Bank of New York Mellon Corp and IFM Investors Pty Ltd increased their stakes, while Principal Financial and the New York State Teachers Retirement System decreased their holdings. BBWI reported
Q1 earnings that surpassed estimates and reflected a year-on-year sales uplift. However, Morgan Stanley
lowered its price target to $41 but retained a buy rating.
Goldman Sachs also retained a buy rating but downsized its price target due to identified uncertainties in the business. BBWI saw a boost from its new Halloween collection, which sold out in 24 hours, suggesting strong customer engagement. There are future warning signs with a soft outlook overshadowing their Q4 earnings beat. However,
improving global trade conditions seemed to positively influence the stock as it jumped by 7.3%. Relationships with Disney through launch of themed collections are another positive. There are potential headwinds, however, with tariffs stalling sales and profits. A new CEO is set to steer the company as it affirms its 2025 financial guidance.
Bath Body Works BBWI News Analytics from Mon, 30 Sep 2024 07:00:00 GMT to Sat, 12 Jul 2025 08:36:46 GMT -
Rating 2
- Innovation -4
- Information 7
- Rumor 3
