Last Updated: 19 Sep 2024
Executive Summary
Bath & Body Works Inc. (BBWI) is a leading specialty retailer of body care, home fragrance, and personal care products. The company operates over 1,700 stores in the United States, Canada, and Puerto Rico. BBWI has a strong brand presence and a loyal customer base. The company's financial performance has been solid in recent years, with revenue and earnings growing steadily. However, the company faces some challenges, including competition from online retailers and the rising cost of raw materials.
Company Overview
Bath & Body Works Inc. was founded in 1990. The company is headquartered in Columbus, Ohio. BBWI operates over 1,700 stores in the United States, Canada, and Puerto Rico. The company's products are sold in a variety of retail channels, including department stores, drugstores, and mass merchandisers.
BBWI's product line includes body care products, home fragrance products, and personal care products. The company's body care products include lotions, body washes, shower gels, and scrubs. BBWI's home fragrance products include candles, diffusers, and room sprays. The company's personal care products include hand soaps, body sprays, and deodorants.
BBWI has a strong brand presence. The company's products are known for their high quality and affordable prices. BBWI has a loyal customer base. The company's customer loyalty program has over 30 million members.
Fundamental Analysis
BBWI's financial performance has been solid in recent years. The company's revenue has grown from $5.6 billion in 2017 to $7.3 billion in 2022. BBWI's earnings per share have grown from $2.60 in 2017 to $4.12 in 2022.
BBWI's financial performance is expected to continue to be solid in the coming years. The company is expected to benefit from the continued growth of the body care and home fragrance markets. BBWI is also expected to benefit from its strong brand presence and loyal customer base.
Technical Analysis
BBWI's stock price has been in a downtrend since early 2023. The stock price fell from a high of $52.45 in January 2023 to a low of $26.20 in June 2023. The stock price has since rebounded to $29.71.
The technical analysis suggests that BBWI's stock price is oversold. The stock price is below its 50-day and 200-day moving averages. The stock price is also below its lower Bollinger Band.
Short Term Outlook
The short-term outlook for BBWI's stock price is mixed. The stock price is oversold, which suggests that it could be due for a rebound. However, the stock price is still below its 50-day and 200-day moving averages, which suggests that the downtrend could continue.
Long Term Outlook
The long-term outlook for BBWI's stock price is positive. The company is expected to benefit from the continued growth of the body care and home fragrance markets. BBWI is also expected to benefit from its strong brand presence and loyal customer base.
Analyst Recommendations
The majority of analysts recommend buying BBWI's stock. The average analyst target price is $43.32. The highest analyst target price is $50.00. The lowest analyst target price is $35.00.
