Blurbs

Telsey Advisory Thinks Bath & Body Works’ Stock is Going to Recover

Telsey Advisory analyst Dana Telsey maintained a Buy rating on Bath & Body Works (BBWIResearch Report) today and set a price target of $40.00. The company’s shares closed last Wednesday at $31.10, close to its 52-week low of $25.75.

According to TipRanks.com, Telsey is a 1-star analyst with an average return of -4.1% and a 37.4% success rate. Telsey covers the Consumer Goods sector, focusing on stocks such as aka Brands Holding Corp, Brilliant Earth Group, and Wolverine World Wide.

Currently, the analyst consensus on Bath & Body Works is a Strong Buy with an average price target of $44.95, implying a 56.8% upside from current levels. In a report issued on July 12, Raymond James also initiated coverage with a Buy rating on the stock with a $45.00 price target.

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Bath & Body Works’ market cap is currently $7.11B and has a P/E ratio of 6.78.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BBWI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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