Fintel reports that on February 28, 2025, Citigroup upgraded their outlook for Bath & Body Works (NYSE:BBWI) from Neutral to Buy.
Analyst Price Forecast Suggests 30.04% Upside
As of February 19, 2025, the average one-year price target for Bath & Body Works is $46.63/share. The forecasts range from a low of $34.34 to a high of $68.25. The average price target represents an increase of 30.04% from its latest reported closing price of $35.86 / share.
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The projected annual revenue for Bath & Body Works is 8,485MM, an increase of 16.12%. The projected annual non-GAAP EPS is 4.88, an increase of 7.18% from the prior forecast.
What is the Fund Sentiment?
There are 1,152 funds or institutions reporting positions in Bath & Body Works. This is an increase of 70 owner(s) or 6.47% in the last quarter. Average portfolio weight of all funds dedicated to BBWI is 0.18%, an increase of 17.68%. Total shares owned by institutions increased in the last three months by 6.03% to 260,550K shares. 
The put/call ratio of BBWI is 1.35, indicating a bearish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 14,134K shares representing 6.53% ownership of the company.
T. Rowe Price Investment Management holds 10,235K shares representing 4.73% ownership of the company. In its prior filing, the firm reported owning 9,812K shares , representing an increase of 4.13%. The firm increased its portfolio allocation in BBWI by 29.61% over the last quarter.
Price T Rowe Associates holds 8,494K shares representing 3.92% ownership of the company. In its prior filing, the firm reported owning 8,048K shares , representing an increase of 5.25%. The firm decreased its portfolio allocation in BBWI by 37.56% over the last quarter.
Jpmorgan Chase holds 6,987K shares representing 3.23% ownership of the company. In its prior filing, the firm reported owning 8,287K shares , representing a decrease of 18.60%. The firm decreased its portfolio allocation in BBWI by 81.74% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,903K shares representing 3.19% ownership of the company. In its prior filing, the firm reported owning 7,035K shares , representing a decrease of 1.90%. The firm decreased its portfolio allocation in BBWI by 24.66% over the last quarter.
Bath & Body Works Background Information
(This description is provided by the company.)
Bath & Body Works is one of the world's leading specialty retailers and home to America's Favorite Fragrances® offering a breadth of exclusive fragrances for the body and home, including the #1 selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap. For more than 30 years, customers have looked to Bath & Body Works for quality, on-trend products and the newest, freshest fragrances. Today, these fragrant products can be purchased at more than 1,750 company-operated Bath & Body Works locations in the U.S. and Canada, and more than 300 international franchised locations, as well as on bathandbodyworks.com.
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