Commonwealth Equity Services LLC lowered its stake in Bath & Body Works, Inc. (NYSE:BBWI – Get Rating) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,353 shares of the company’s stock after selling 353 shares during the period. Commonwealth Equity Services LLC’s holdings in Bath & Body Works were worth $604,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Boyd Watterson Asset Management LLC OH bought a new stake in shares of Bath & Body Works during the 4th quarter valued at $28,000. First Horizon Advisors Inc. boosted its stake in Bath & Body Works by 151.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,149 shares of the company’s stock worth $36,000 after purchasing an additional 692 shares in the last quarter. Signaturefd LLC boosted its stake in Bath & Body Works by 60.7% in the 4th quarter. Signaturefd LLC now owns 1,289 shares of the company’s stock worth $54,000 after purchasing an additional 487 shares in the last quarter. AlphaCentric Advisors LLC bought a new position in Bath & Body Works in the 3rd quarter worth about $56,000. Finally, Rockefeller Capital Management L.P. boosted its stake in Bath & Body Works by 162.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 2,241 shares of the company’s stock worth $73,000 after purchasing an additional 1,386 shares in the last quarter. Institutional investors own 96.34% of the company’s stock.
Bath & Body Works Price Performance
BBWI stock opened at $36.64 on Friday. Bath & Body Works, Inc. has a 1-year low of $25.75 and a 1-year high of $49.55. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 1.00 and a beta of 1.70. The business has a 50 day simple moving average of $35.39 and a two-hundred day simple moving average of $39.53.
Bath & Body Works Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, June 2nd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $0.80 annualized dividend and a yield of 2.18%. Bath & Body Works’s payout ratio is 25.32%.
Analyst Ratings Changes
A number of brokerages recently issued reports on BBWI. Morgan Stanley dropped their price target on shares of Bath & Body Works from $76.00 to $61.00 in a research note on Friday, May 19th. Wells Fargo & Company decreased their target price on Bath & Body Works from $46.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, April 10th. Cowen boosted their target price on Bath & Body Works from $45.00 to $52.00 and gave the stock an “outperform” rating in a research report on Thursday, February 16th. Credit Suisse Group boosted their target price on Bath & Body Works from $42.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, February 24th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $52.00 target price on shares of Bath & Body Works in a research report on Thursday, February 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $46.45.
Insiders Place Their Bets
In other news, CFO Wendy C. Arlin sold 1,625 shares of the stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $38.29, for a total transaction of $62,221.25. Following the completion of the transaction, the chief financial officer now directly owns 91,072 shares in the company, valued at approximately $3,487,146.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.
About Bath & Body Works
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.
- Get a free copy of the StockNews.com research report on Bath & Body Works (BBWI)
- Ralph Lauren’s Styled Dividend Is Still In Season
- Dollar Tree Falls As Theft Cuts Into Bottom Line
- Best Buy’s Comeback Is Still At Play, Earnings Call For Patience
- e.l.f. Beauty Has Giant Quarter, Shares Hit New High
- If You Can Only Pick One Stock For The Rest Of 2023, Pick Nvidia
Receive News & Ratings for Bath & Body Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bath & Body Works and related companies with MarketBeat.com's FREE daily email newsletter.