Mirae Asset Global Investments Co. Ltd. Has $1.28 Million Holdings in Bath & Body Works, Inc. (NYSE:BBWI)

Mirae Asset Global Investments Co. Ltd. decreased its stake in Bath & Body Works, Inc. (NYSE:BBWI) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,575 shares of the company’s stock after selling 1,563 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Bath & Body Works were worth $1,276,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Shell Asset Management Co. increased its stake in shares of Bath & Body Works by 180.0% in the 3rd quarter. Shell Asset Management Co. now owns 56,344 shares of the company’s stock valued at $1,904,000 after acquiring an additional 36,222 shares during the last quarter. Pearl River Capital LLC raised its holdings in Bath & Body Works by 145.6% in the third quarter. Pearl River Capital LLC now owns 31,364 shares of the company’s stock worth $1,060,000 after purchasing an additional 18,596 shares during the period. Aigen Investment Management LP bought a new position in shares of Bath & Body Works during the third quarter worth $1,697,000. Vanguard Group Inc. grew its holdings in shares of Bath & Body Works by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 25,689,543 shares of the company’s stock valued at $868,307,000 after buying an additional 67,920 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Bath & Body Works in the 3rd quarter valued at $1,550,000. Institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BBWI. Telsey Advisory Group reissued an “outperform” rating and issued a $53.00 target price on shares of Bath & Body Works in a research note on Friday, April 5th. Piper Sandler lifted their price target on shares of Bath & Body Works from $44.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Robert W. Baird raised their price objective on shares of Bath & Body Works from $50.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. TD Cowen upped 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 note on Friday, March 1st. Finally, Evercore ISI lifted their price target on Bath & Body Works from $30.00 to $45.00 and gave the company an “in-line” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $46.33.

Bath & Body Works Stock Down 0.1 %

NYSE:BBWI opened at $43.94 on Tuesday. The firm has a market capitalization of $9.88 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 1.43 and a beta of 1.86. Bath & Body Works, Inc. has a twelve month low of $27.30 and a twelve month high of $50.34. The stock’s 50 day moving average price is $46.14 and its two-hundred day moving average price is $40.27.

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

Bath & Body Works Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Thursday, February 22nd. Bath & Body Works’s payout ratio is currently 20.78%.

Insiders Place Their Bets

In other news, insider Thomas E. Mazurek sold 4,285 shares of Bath & Body Works stock in a transaction that occurred 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 transaction, the insider now directly owns 45,992 shares in the company, valued at approximately $2,248,548.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

About Bath & Body Works

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.