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Goldman Sachs has reiterated a Buy rating on Bath & Body Works Inc. (NYSE: BBWI) with a target price of $49, citing successful digital engagement from its Disney Princess collaboration and a healthy gross profit margin of 44.26%. Despite a 4% year-over-year decline in net sales to $2.8 billion for Q4 2024, the company exceeded earnings expectations with an EPS of $2.09. CEO Gina Boswell is on temporary medical leave, while analysts remain optimistic about the stock's growth potential.
JPMorgan Chase & Co. and Robert W. Baird have set a target price of $47.00 for Bath & Body Works, with Citigroup upgrading the stock to a "buy" and raising its target to $48.00. The company reported $2.09 earnings per share, exceeding estimates, and announced a quarterly dividend of $0.20. Bath & Body Works also authorized a $500 million stock buyback plan, indicating confidence in its stock value.
Wall Street anticipates a surge in mergers and acquisitions under a potential second Trump administration, driven by a more favorable regulatory environment and recent interest rate cuts. Analysts predict a 20% increase in M&A volume in 2025, particularly in technology, healthcare, and consumer staples sectors, as mid-cap companies become attractive targets for acquirers seeking growth and value.
[Bloomberg]
Bath & Body Works has raised its full-year profit forecast, anticipating a smaller decline in annual sales due to strong holiday demand and new product launches, including winter fragrances. The company now expects net sales to decrease by 1.7% to 2.5%, an improvement from previous estimates, and reported a 3% sales increase to $1.61 billion for the third quarter, surpassing expectations. Adjusted earnings per share are projected between $3.15 and $3.28, reflecting a positive outlook amid a challenging retail environment.
Bath & Body Works, Inc.
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Goldman Sachs maintains buy rating for Bath and Body Works with target price
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