Let’s look at the key reasons that are pushing Bath & Body Works Inc (BBWI) to new highs

On November 20, 2023, Bath & Body Works Inc (NYSE: BBWI) opened at $29.71, lower -1.02% from the last session. During the day, the shares moved up to $29.79 and dropped to $28.81 before settling in for the closing price of $29.36. Price fluctuations for BBWI have ranged from $27.30 to $49.55 over the past 52 weeks.

Elon Musk just Triggered a BOOM in These Stocks

Something strange is happening in the stock market…. This select group of stocks are going absolutely bananas. And it's all because of Elon Musk. Get your copy of "Top 5 Tech Stocks to Buy in 2024"

Click Here to Download the FREE Report.

Sponsored

Consumer Cyclical Sector giant saw their annual sales slid by -4.90% over the last five years. Company’s average yearly earnings per share was noted -9.77% at the time writing. With a float of $225.95 million, this company’s outstanding shares have now reached $229.00 million.

The firm has a total of 57200 workers. Let’s measure their productivity. In terms of profitability, gross margin is +43.03, operating margin of +18.17, and the pretax margin is +13.82.

Bath & Body Works Inc (BBWI) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Specialty Retail industry is another important factor to consider. The insider ownership of Bath & Body Works Inc is 0.63%, while institutional ownership is 96.69%. The most recent insider transaction that took place on Mar 28, was worth 62,222. In this transaction EVP and CFO of this company sold 1,625 shares at a rate of $38.29, taking the stock ownership to the 91,072 shares.

Bath & Body Works Inc (BBWI) Recent Fiscal highlights

If we go through the results of last quarter, which was made public on 10/30/2023, the company posted $0.48 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.35) by $0.13. This company achieved a net margin of +10.50. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.38 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -9.77% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.08% during the next five years compared to 8.27% growth over the previous five years of trading.

Bath & Body Works Inc (NYSE: BBWI) Trading Performance Indicators

Check out the current performance indicators for Bath & Body Works Inc (BBWI). In the past quarter, the stock posted a quick ratio of 0.54. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.89. Likewise, its price to free cash flow for the trailing twelve months is 8.48.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.19, a number that is poised to hit 1.87 in the next quarter and is forecasted to reach 3.31 in one year’s time.

Technical Analysis of Bath & Body Works Inc (BBWI)

Analysing the last 5-days average volume posted by the [Bath & Body Works Inc, BBWI], we can find that recorded value of 6.12 million was better than the volume posted last year of 3.49 million. As of the previous 9 days, the stock’s Stochastic %D was 9.59%. Additionally, its Average True Range was 1.41.

During the past 100 days, Bath & Body Works Inc’s (BBWI) raw stochastic average was set at 14.08%, which indicates a significant increase from 5.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.13% in the past 14 days, which was higher than the 39.78% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $31.85, while its 200-day Moving Average is $36.04. Now, the first resistance to watch is $29.63. This is followed by the second major resistance level at $30.20. The third major resistance level sits at $30.61. If the price goes on to break the first support level at $28.65, it is likely to go to the next support level at $28.24. Now, if the price goes above the second support level, the third support stands at $27.67.

Bath & Body Works Inc (NYSE: BBWI) Key Stats

There are currently 227,381K shares outstanding in the company with a market cap of 6.61 billion. Presently, the company’s annual sales total 7,560 M according to its annual income of 800,000 K. Last quarter, the company’s sales amounted to 1,559 M and its income totaled 99,000 K.

Latest

On What Basis Did Swvl Holdings Corp (SWVL) Stock Rise 47% Pre-Hours?

When last checked, Swvl Holdings Corp. (Nasdaq: SWVL), a...

What Drove Organovo (ONVO) Stock Up 15% In After-Hour Session On Tuesday?

Shares of Organovo Holdings Inc. (Nasdaq: ONVO) were up...

Is There Any Reason As To Why The Zai Lab (ZLAB) Stock Expanded By 13%?

The biopharmaceutical business Zai Lab Limited (NASDAQ: ZLAB), which...

Newsletter

 

Don't miss

Wearable Devices (WLDS) Stock Rose 12% On Tuesday, But On What Basis?

Wearable Devices Ltd (NASD: WLDS) is experiencing significant growth...

Did Anything Boost ObsEva (OBSV) Stock In Pre-Hours Trading?

Following an update, shares of ObsEva SA (NASD: OBSV)...

How Did The Kalera (KAL) Stock Rise 32% Pre-Hours?

At the time of the most recent check, shares...

Why Has Selina Hospitality (SLNA) Stock Increased In Extended Session On Friday?

The stock of Selina Hospitality PLC (NASD: SLNA), which...

Rocket Pharmaceuticals Inc (RCKT) surge 12.73% in a week: will this be a lucky break through?

Rocket Pharmaceuticals Inc (NASDAQ: RCKT) started the day on December 07, 2023, with a price increase of 1.82% at $26.30. During the day, the...

California Resources Corporation (CRC) Open at price of $49.34: A Brand-New Opportunity for Investors

California Resources Corporation (NYSE: CRC) open the trading on December 07, 2023, with a bit cautious approach as it glided -0.14% to $49.12. During...

Wayfair Inc (W) Open at price of $52.35: A Brand-New Opportunity for Investors

Witnessing the stock’s movement on the chart, on December 07, 2023, Wayfair Inc (NYSE: W) remained unchanged to $53.07. During the day, the stock...

LEAVE A REPLY

Please enter your comment!
Please enter your name here