IFP Advisors Inc Has $354,000 Stake in Bath & Body Works, Inc. (NYSE:BBWI)

IFP Advisors Inc cut its stake in shares of Bath & Body Works, Inc. (NYSE:BBWI – Get Rating) by 7.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,674 shares of the company’s stock after selling 476 shares during the quarter. IFP Advisors Inc’s holdings in Bath & Body Works were worth $354,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Boyd Watterson Asset Management LLC OH acquired a new position in Bath & Body Works during the 4th quarter worth about $28,000. First Horizon Advisors Inc. lifted its holdings in Bath & Body Works by 151.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,149 shares of the company’s stock worth $36,000 after buying an additional 692 shares during the period. Signaturefd LLC lifted its holdings in Bath & Body Works by 60.7% during the 4th quarter. Signaturefd LLC now owns 1,289 shares of the company’s stock worth $54,000 after buying an additional 487 shares during the period. AlphaCentric Advisors LLC acquired a new position in Bath & Body Works during the 3rd quarter worth about $56,000. Finally, Wipfli Financial Advisors LLC acquired a new position in Bath & Body Works during the 3rd quarter worth about $66,000. 96.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BBWI. Telsey Advisory Group reaffirmed an “outperform” rating and set a $52.00 target price on shares of Bath & Body Works in a report on Thursday, February 23rd. Wells Fargo & Company dropped their price objective on Bath & Body Works from $46.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, April 10th. Cowen boosted their price objective on Bath & Body Works from $45.00 to $52.00 and gave the company an “outperform” rating in a research note on Thursday, February 16th. Raymond James downgraded Bath & Body Works from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $50.00 to $48.00 in a research note on Thursday, April 6th. Finally, Jefferies Financial Group boosted their price objective on Bath & Body Works from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, January 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $47.90.

Bath & Body Works Stock Performance

Shares of BBWI opened at $32.61 on Tuesday. The stock has a 50 day moving average price of $36.19 and a two-hundred day moving average price of $39.46. The firm has a market capitalization of $7.46 billion, a P/E ratio of 9.45, a P/E/G ratio of 0.91 and a beta of 1.70. Bath & Body Works, Inc. has a 52 week low of $25.75 and a 52 week high of $52.58.

Bath & Body Works (NYSE:BBWI – Get Rating) last issued its quarterly earnings data on Thursday, February 23rd. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.23. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.81 billion. Bath & Body Works had a negative return on equity of 31.34% and a net margin of 10.58%. On average, equities analysts forecast that Bath & Body Works, Inc. will post 2.96 earnings per share for the current year.

Insider Activity

In other news, CFO Wendy C. Arlin sold 1,625 shares of the company’s stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $38.29, for a total value of $62,221.25. Following the completion of the transaction, the chief financial officer now directly owns 91,072 shares of the company’s stock, valued at $3,487,146.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.37% of the stock is currently owned by corporate insiders.

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.