Bath & Body Works (BBWI) has announced a number of strategic moves, financial developments, and executive changes. The company recently declared a quarterly cash dividend of
$0.20 per share, a significant financial return for shareholders. Driving growth, BBWI is expanding to over 600 college campuses, targeting Gen Z consumers and has even launched a 'Summerween' Collection, making it a hit online. Various institutions, such as Everett Harris & Co. and Jupiter Asset Management, hold considerable stakes in the company, indicating strong market confidence. However, Morgan Stanley has lowered BBWI's price target to
$41 despite retaining a buy rating. Some uncertainty lies ahead as BBWI anticipates its next earnings report, but Q1 earnings beat estimates with rising year-over-year sales. BBWI has seen a leadership change with the appointment of former Nike Executive, Daniel Heaf, as its new CEO, which could signal a new strategic direction. Finally, BBWI’s guidance for 2025 remains unchanged, while its intrinsic value is potentially 53% above its share price.
Bath Body Works BBWI News Analytics from Sun, 17 Nov 2024 08:00:00 GMT to Sat, 09 Aug 2025 14:13:22 GMT -
Rating 8
- Innovation 2
- Information 8
- Rumor 2
