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UBS is constructive on Tub & Physique Works (NYSE:BBWI) forward of the retailer’s Q3 earnings report.
Analyst Jay Sole and crew venture upward EPS revisions from the retailer after current information prompt that BBWI’s enterprise traits improved throughout Q3 the quarter. The agency expects BBWI to lift the midpoint of its FY22 EPS steerage 3% to 4%, to $2.80 to $3.10 from $2.70-$3.00. That’s seen being sufficient to raise sell-side EPS forecasts by the same quantity and increase total sentiment on the na,e.
“Our conversations with buyers point out the market views BBWI as a de-risked inventory. We predict a FY22 steerage increase reinforces the market’s view, boosting sentiment.”
UBS can also be optimistic on incoming Tub & Physique Works (BBWI) CEO Gina Boswell. Sole wrote the CEO rent appears to be like like a great match for the retailer since Boswell’s areas of experience match what BBWI stated it was in search of. Boswell is anticipated to point out BBWI the best way to 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 In search of Alpha Quant Score on BBWI is just 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 reviews earnings on November 16.
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