Bathtub & Physique Works, Inc. (NYSE:BBWI – Get Free Report) noticed robust buying and selling quantity on Wednesday following a greater than anticipated earnings announcement. 1,957,342 shares traded arms throughout buying and selling, a decline of 36% from the earlier session’s quantity of three,037,604 shares.The inventory final traded at $33.07 and had beforehand closed at $34.72.
The corporate reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.05. Bathtub & Physique Works had a web margin of 11.92% and a destructive return on fairness of 40.00%. The corporate had income of $1.38 billion for the quarter, in comparison with analysts’ expectations of $1.37 billion. Throughout the identical quarter within the earlier 12 months, the agency posted $0.33 earnings per share. Bathtub & Physique Works’s income for the quarter was down .9% on a year-over-year foundation.
Bathtub & Physique Works Declares Dividend
The agency additionally not too long ago disclosed a quarterly dividend, which can be paid on Friday, September sixth. Buyers of file on Friday, August twenty third can be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, August twenty third. This represents a $0.80 annualized dividend and a dividend yield of two.58%. Bathtub & Physique Works’s dividend payout ratio is 20.62%.
Wall Road Analyst Weigh In
Various analysts have commented on the inventory. UBS Group lower their value goal on shares of Bathtub & Physique Works from $52.00 to $38.00 and set a “impartial” ranking on the inventory in a analysis report on Thursday. Barclays lower their value goal on shares of Bathtub & Physique Works from $32.00 to $31.00 and set an “equal weight” ranking on the inventory in a analysis report on Thursday. Citigroup dropped their value goal on shares of Bathtub & Physique Works from $48.00 to $35.00 and set a “impartial” ranking on the inventory in a report on Tuesday, August twentieth. Wells Fargo & Firm dropped their value goal on shares of Bathtub & Physique Works from $48.00 to $40.00 and set an “equal weight” ranking on the inventory in a report on Wednesday, July twenty fourth. Lastly, JPMorgan Chase & Co. dropped their value goal on shares of Bathtub & Physique Works from $42.00 to $39.00 and set a “impartial” ranking on the inventory in a report on Thursday. Eight equities analysis analysts have rated the inventory with a maintain ranking and eight have assigned a purchase ranking to the corporate’s inventory. In accordance with MarketBeat, the corporate has a consensus ranking of “Average Purchase” and a mean goal value of $42.50.
View Our Newest Report on Bathtub & Physique Works
Institutional Buyers Weigh In On Bathtub & Physique Works
Institutional buyers and hedge funds have not too long ago added to or diminished their stakes within the firm. GAMMA Investing LLC bought a brand new stake in Bathtub & Physique Works within the 4th quarter valued at about $27,000. First Group Belief NA bought a brand new stake in Bathtub & Physique Works within the 2nd quarter valued at about $30,000. EverSource Wealth Advisors LLC elevated its stake in Bathtub & Physique Works by 72.0% within the 4th quarter. EverSource Wealth Advisors LLC now owns 805 shares of the corporate’s inventory valued at $35,000 after shopping for an extra 337 shares over the last quarter. EntryPoint Capital LLC elevated its stake in Bathtub & Physique Works by 224.0% within the 1st quarter. EntryPoint Capital LLC now owns 1,471 shares of the corporate’s inventory valued at $74,000 after shopping for an extra 1,017 shares over the last quarter. Lastly, Federated Hermes Inc. grew its place in shares of Bathtub & Physique Works by 17.1% throughout the 4th quarter. Federated Hermes Inc. now owns 1,612 shares of the corporate’s inventory valued at $70,000 after buying an extra 235 shares throughout the interval. Hedge funds and different institutional buyers personal 95.14% of the corporate’s inventory.
Bathtub & Physique Works Buying and selling Down 4.0 %
The inventory’s 50-day shifting common value is $35.68 and its two-hundred day shifting common value is $42.68. The inventory has a market capitalization of $6.92 billion, a P/E ratio of seven.99, a P/E/G ratio of 1.16 and a beta of 1.85.
About Bathtub & Physique Works
Bathtub & Physique Works, Inc operates a specialty retailer of residence perfume, physique care, and soaps and sanitizer merchandise. It sells its merchandise underneath the Bathtub & Physique Works, White Barn, and different model names by way of retail shops and e-commerce websites situated in the US and Canada, in addition to by way of worldwide shops operated by companions underneath franchise, license, and wholesale preparations.
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