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Personal Care Chain Bed & Body Works
Customers shop at a Bath & Body Works store in Hayward, California (Justin Sullivan/Getty Images)

Bath & Body Works shares shine after a boost from JPMorgan

JPMorgan gives a new price target of $47, nearly 30% above the stock’s recent trading levels.

Nia Warfield

Bath & Body Works shares jumped nearly 8% after Wall Street gave the fragrance company a fresh dose of optimism. JPMorgan analyst Matthew Boss raised the stock’s rating from neutral to overweight. Also part of the upgrade was a new price target of $47 for the stock, nearly 30% above its recent trading levels. Boss said the company’s revenue and earnings could be at a turning point, in part due to new collaboration opportunities and other initiatives.

The report also highlighted Bath & Body Works’ strong free cash flow and plans to allocate $1.7 billion in share repurchases through 2025 and 2026. The stock has been on a run lately, gaining 24% over the past three months, but it’s still down 14% over the past 12 months.

Bath & Body Works is set to report its fourth-quarter earnings on February 28.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

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  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

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Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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