Matthew Boss, an analyst from J.P. Morgan, maintained the Buy rating on Bath & Body Works. The associated price target remains the same with $46.00.
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Matthew Boss has given his Buy rating due to a combination of factors that highlight Bath & Body Works’ strong financial performance and strategic initiatives. The company reported a fourth consecutive quarter of sales growth, driven by positive customer response to key campaigns and new product launches. This consistent revenue growth, coupled with gross margin expansion, underscores the company’s ability to effectively manage costs and drive profitability.
Looking forward, management’s optimistic guidance for fiscal year 2026, including increased revenue growth and share repurchase plans, further supports the Buy rating. The company’s strategic collaborations, such as the Disney Villains collection, and product innovations are expected to drive future growth. Additionally, Bath & Body Works’ strong cash flow generation and commitment to shareholder returns through dividends and share repurchases provide a solid foundation for continued success.
Boss covers the Consumer Cyclical sector, focusing on stocks such as Tapestry, Carnival, and Abercrombie Fitch. According to TipRanks, Boss has an average return of 5.7% and a 53.61% success rate on recommended stocks.
In another report released today, Wells Fargo also maintained a Buy rating on the stock with a $44.00 price target.