Wealthsource Partners LLC Purchases New Holdings in Bath & Body Works, Inc. (NYSE:BBWI)

Wealthsource Partners LLC purchased a new stake in shares of Bath & Body Works, Inc. (NYSE:BBWI – Get Rating) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,294 shares of the company’s stock, valued at approximately $303,000.

Other large investors have also recently bought and sold shares of the company. IFP Advisors Inc boosted its position in Bath & Body Works by 23.7% during the third quarter. IFP Advisors Inc now owns 6,150 shares of the company’s stock valued at $382,000 after purchasing an additional 1,177 shares during the last quarter. SG Americas Securities LLC boosted its position in Bath & Body Works by 193.8% during the third quarter. SG Americas Securities LLC now owns 22,426 shares of the company’s stock valued at $731,000 after purchasing an additional 14,793 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in shares of Bath & Body Works in the second quarter valued at approximately $39,000. Mane Global Capital Management LP acquired a new stake in shares of Bath & Body Works in the third quarter valued at approximately $18,433,000. Finally, Canada Pension Plan Investment Board lifted its position in shares of Bath & Body Works by 15.4% in the third quarter. Canada Pension Plan Investment Board now owns 27,710 shares of the company’s stock valued at $903,000 after buying an additional 3,700 shares during the last quarter. 96.34% of the stock is owned by institutional investors and hedge funds.

Bath & Body Works Price Performance

Bath & Body Works stock opened at $35.95 on Wednesday. The stock’s fifty day moving average price is $43.71 and its two-hundred day moving average price is $39.62. Bath & Body Works, Inc. has a one year low of $25.75 and a one year high of $58.17. The firm has a market cap of $8.21 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 1.01 and a beta of 1.77.

Bath & Body Works Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 3rd. Stockholders of record on Friday, February 17th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, February 16th. This represents a $0.80 annualized dividend and a dividend yield of 2.23%. Bath & Body Works’s payout ratio is 23.19%.

Analysts Set New Price Targets

BBWI has been the subject of a number of recent analyst reports. Barclays raised their price objective on Bath & Body Works from $39.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 22nd. JPMorgan Chase & Co. raised their price objective on Bath & Body Works from $40.00 to $43.00 in a research report on Tuesday, January 3rd. Credit Suisse Group raised their price objective on Bath & Body Works from $42.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday, February 24th. Cowen raised their price objective on Bath & Body Works from $45.00 to $52.00 and gave the company an “outperform” rating in a research report on Thursday, February 16th. Finally, Morgan Stanley lifted their price target on Bath & Body Works from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, November 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Bath & Body Works presently has an average rating of “Moderate Buy” and an average target price of $49.52.

Bath & Body Works Company Profile

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Bath & Body Works, Inc is a specialty retailers and home to America’s Favorite Fragrances, offering a breadth of exclusive fragrances for the body and home, including the selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap.