In a report released today, Simeon Siegel from BMO Capital reiterated a Buy rating on Bath & Body Works (BBWI – Research Report), with a price target of $90.00. The company’s shares closed last Wednesday at $58.72.
According to TipRanks.com, Siegel is a 5-star analyst with an average return of 12.8% and a 59.9% success rate. Siegel covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, Urban Outfitters, and Capri Holdings.
Currently, the analyst consensus on Bath & Body Works is a Strong Buy with an average price target of $88.00, implying a 51.0% upside from current levels. In a report issued on January 19, Goldman Sachs also maintained a Buy rating on the stock with a $93.00 price target.
Based on Bath & Body Works’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $1.68 billion and net profit of $88 million. In comparison, last year the company earned revenue of $1.7 billion and had a net profit of $331 million.
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L Brands, Inc. engages in the retail business. It is focused on women’s intimate and other apparel, personal care and beauty categories. It operates its business through the following segments: Victorias Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. Its brands include Victorias Secret, Bath and Body Works, Pink, La Senza, and Henri Bendel. The company was founded by Leslie Herbert Wexner in 1963 and is headquartered in Columbus, OH.
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