Predicting Future Price Moves In Bath & Body Works Inc (BBWI)

Bath & Body Works Inc (NYSE:BBWI) does about 2.69M shares in volume on a normal day but saw 1698249 shares change hands in Friday’s trading. The company now has a market cap of 10.69B USD. Its current market price is $47.55, marking a decrease of -2.08% compared to the previous close of $48.56. The 52 week high reached by this stock is $50.34 whilst the lowest price level in 52 weeks is $27.30.

Bath & Body Works Inc (BBWI) has a 20-day trading average at $45.47 and the current price is -5.54% off the 52-week high compared with 74.18% distance from its 52-week low. The 50-day simple moving average of the closing price is $46.08 and its 200-day simple moving average is $39.56. If we look at the stock’s price movements over the week, volatility stands at 2.71%, which increases to 3.04% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 57.14 to suggest the stock is neutral.

The consensus objective for the share price is $50.75, suggesting that the stock has a potential upside of 6.31% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 01, 2024 when Telsey Advisory Group reiterated the stock to “Outperform” and issued a price target of between $50 and $53. Barclays downgraded the stock to “Equal Weight” from Overweight on January 04, 2024 at a price target of $37-$45. Telsey Advisory Group reiterated its price target at $52-$42.

Bath & Body Works Inc (BBWI) stock is up 3.44% over the week and 2.88% over the past month. Its price is 10.17% year-to-date and 49.39% over the past year.

To reach the target analysts have set, the stock logically needs to grow 6.31 percent from here.

The company has a return on investment of 23.32%. The price to earnings ratio (P/E ratio) amounts to 12.33 while the forward price to earnings ratio is 12.73. The beta has a value of 1.90. Price to sales ratio is 1.44.