Dynamic Technology Lab Private Ltd boosted its stake in shares of Bath & Body Works, Inc. (NYSE:BBWI – Free Report) by 74.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,369 shares of the company’s stock after purchasing an additional 5,278 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Bath & Body Works were worth $534,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BBWI. Vanguard Group Inc. raised its stake in Bath & Body Works by 0.3% in the third quarter. Vanguard Group Inc. now owns 25,689,543 shares of the company’s stock valued at $868,307,000 after purchasing an additional 67,920 shares in the last quarter. Norges Bank bought a new stake in Bath & Body Works in the fourth quarter valued at approximately $101,669,000. Darsana Capital Partners LP bought a new stake in Bath & Body Works in the third quarter valued at approximately $76,050,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Bath & Body Works by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,963,919 shares of the company’s stock worth $84,763,000 after buying an additional 38,272 shares in the last quarter. Finally, Sound Shore Management Inc. CT raised its position in shares of Bath & Body Works by 379.2% during the fourth quarter. Sound Shore Management Inc. CT now owns 1,903,258 shares of the company’s stock worth $82,145,000 after purchasing an additional 1,506,110 shares during the period. 95.14% of the stock is owned by institutional investors.
Insider Transactions at Bath & Body Works
In other news, insider Thomas E. Mazurek sold 4,285 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $48.89, for a total value of $209,493.65. Following the completion of the transaction, the insider now owns 45,992 shares of the company’s stock, valued at $2,248,548.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently commented on BBWI shares. Telsey Advisory Group reissued an “outperform” rating and issued a $53.00 price target on shares of Bath & Body Works in a research report on Friday, April 5th. Evercore ISI raised their target price on Bath & Body Works from $30.00 to $45.00 and gave the stock an “in-line” rating in a research note on Friday, March 1st. Piper Sandler raised their price target on Bath & Body Works from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. TD Cowen upped their target price on 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, Robert W. Baird boosted their target price on Bath & Body Works from $50.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $47.57.
Read Our Latest Stock Analysis on Bath & Body Works
Bath & Body Works Stock Performance
Bath & Body Works stock opened at $48.28 on Friday. The stock has a market cap of $10.80 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 1.55 and a beta of 1.89. Bath & Body Works, Inc. has a one year low of $27.30 and a one year high of $50.82. The stock has a fifty day moving average of $46.95 and a 200 day moving average of $42.95.
Bath & Body Works (NYSE:BBWI – Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The company reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.21. Bath & Body Works had a negative return on equity of 37.01% and a net margin of 11.82%. The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the prior year, the business earned $1.86 earnings per share. Bath & Body Works’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, sell-side analysts predict that Bath & Body Works, Inc. will post 3.33 EPS for the current fiscal year.
Bath & Body Works Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, June 7th. Bath & Body Works’s dividend payout ratio (DPR) is 20.78%.
Bath & Body Works Company Profile
(Free Report)
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.
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