Mn Services Vermogensbeheer B.V. Decreases Position in Bath & Body Works, Inc. (NYSE:BBWI)

Mn Services Vermogensbeheer B.V. decreased its stake in Bath & Body Works, Inc. (NYSE:BBWI) by 3.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 99,700 shares of the company’s stock after selling 3,800 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Bath & Body Works were worth $4,303,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BBWI. Front Row Advisors LLC bought a new position in Bath & Body Works during the third quarter valued at $25,000. Trust Co. of Vermont bought a new position in Bath & Body Works during the 3rd quarter valued at about $27,000. Denali Advisors LLC purchased a new stake in Bath & Body Works in the 4th quarter worth about $27,000. Money Concepts Capital Corp lifted its stake in Bath & Body Works by 1,180.4% in the fourth quarter. Money Concepts Capital Corp now owns 653 shares of the company’s stock worth $28,000 after purchasing an additional 602 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of Bath & Body Works during the fourth quarter valued at approximately $35,000. Institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BBWI. Wells Fargo & Company increased their price target on Bath & Body Works from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, March 1st. UBS Group lifted their target price on Bath & Body Works from $46.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Barclays downgraded shares of Bath & Body Works from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $37.00 to $45.00 in a research note on Thursday, January 4th. Telsey Advisory Group reiterated an “outperform” rating and set a $53.00 price objective on shares of Bath & Body Works in a report on Friday, April 5th. Finally, TD Cowen raised their target price on shares of Bath & Body Works from $35.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Bath & Body Works currently has a consensus rating of “Hold” and a consensus price target of $46.33.

Bath & Body Works Price Performance

Shares of NYSE BBWI opened at $43.70 on Wednesday. Bath & Body Works, Inc. has a 1-year low of $27.30 and a 1-year high of $50.34. The business has a fifty day moving average price of $46.20 and a 200 day moving average price of $39.96. The stock has a market capitalization of $9.83 billion, a P/E ratio of 11.35, a price-to-earnings-growth ratio of 1.45 and a beta of 1.86.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings results on Thursday, February 29th. The company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.85 by $0.21. Bath & Body Works had a net margin of 11.82% and a negative return on equity of 37.01%. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the prior year, the firm posted $1.86 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. As a group, equities research analysts anticipate that Bath & Body Works, Inc. will post 3.3 earnings per share for the current fiscal year.

Bath & Body Works Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.80 annualized dividend and a yield of 1.83%. Bath & Body Works’s dividend payout ratio (DPR) is 20.78%.

Insiders Place Their Bets

In other news, insider Thomas E. Mazurek sold 4,285 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $48.89, for a total transaction of $209,493.65. Following the completion of the sale, the insider now owns 45,992 shares in the company, valued at approximately $2,248,548.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.19% of the company’s stock.

Bath & Body Works Profile

Bath & Body Works, Inc operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. It sells its products under the Bath & Body Works, White Barn, and other brand names through retail stores and e-commerce sites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements.