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UBS is constructive on Bathtub & Physique Works (NYSE:BBWI) forward of the retailer’s Q3 earnings report.
Analyst Jay Sole and staff venture upward EPS revisions from the retailer after latest information prompt that BBWI’s enterprise tendencies improved throughout Q3 the quarter. The agency expects BBWI to lift the midpoint of its FY22 EPS steering 3% to 4%, to $2.80 to $3.10 from $2.70-$3.00. That’s seen being sufficient to elevate sell-side EPS forecasts by the same quantity and increase general sentiment on the na,e.
“Our conversations with traders point out the market views BBWI as a de-risked inventory. We expect a FY22 steering elevate reinforces the market’s view, boosting sentiment.”
UBS can be constructive on incoming Bathtub & Physique Works (BBWI) CEO Gina Boswell. Sole wrote the CEO rent seems to be like a superb match for the retailer since Boswell’s areas of experience match what BBWI mentioned it was in search of. Boswell is anticipated to indicate BBWI how one can evolve right into a extra international, omni-channel, multi-category model vs. its present positioning.
UBS has a Purchase score on BBWI and worth goal of $36, which works out to 12X the FY24 EPS estimate.
The Looking for Alpha Quant Score on BBWI is barely at Maintain, however the quant rating is the eighth highest within the specialty shops sector.
Choices buying and selling is implying a share worth up or down of 8% when BBWI stories earnings on November 16.
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