abrdn plc Has $1.60 Million Stock Holdings in Bath & Body Works, Inc. (NYSE:BBWI)

abrdn plc lessened its stake in Bath & Body Works, Inc. (NYSE:BBWIGet Rating) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,812 shares of the company’s stock after selling 3,008 shares during the quarter. abrdn plc’s holdings in Bath & Body Works were worth $1,604,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in Bath & Body Works by 119.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 525 shares of the company’s stock valued at $26,000 after buying an additional 286 shares during the period. Prospera Financial Services Inc bought a new stake in Bath & Body Works in the first quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its position in Bath & Body Works by 490.9% in the first quarter. EverSource Wealth Advisors LLC now owns 585 shares of the company’s stock worth $28,000 after acquiring an additional 486 shares in the last quarter. First Horizon Advisors Inc. grew its position in Bath & Body Works by 361.4% in the first quarter. First Horizon Advisors Inc. now owns 646 shares of the company’s stock worth $31,000 after acquiring an additional 506 shares in the last quarter. Finally, Ellevest Inc. grew its position in Bath & Body Works by 156.0% in the second quarter. Ellevest Inc. now owns 1,047 shares of the company’s stock worth $28,000 after acquiring an additional 638 shares in the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on BBWI. Wells Fargo & Company boosted their target price on shares of Bath & Body Works from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, August 18th. Citigroup boosted their target price on shares of Bath & Body Works to $48.00 in a research report on Monday, August 22nd. BMO Capital Markets boosted their target price on shares of Bath & Body Works from $45.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, August 18th. Robert W. Baird boosted their target price on shares of Bath & Body Works from $40.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, August 18th. Finally, Raymond James upped their price objective on shares of Bath & Body Works from $43.00 to $48.00 and gave the stock a “strong-buy” rating in a report on Friday, August 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Bath & Body Works has an average rating of “Moderate Buy” and an average target price of $51.05.

Bath & Body Works Price Performance

NYSE:BBWI opened at $33.56 on Wednesday. The stock has a market cap of $7.66 billion, a P/E ratio of 8.90, a PEG ratio of 0.77 and a beta of 1.69. Bath & Body Works, Inc. has a one year low of $25.75 and a one year high of $82.00. The company has a fifty day moving average price of $35.33 and a 200 day moving average price of $37.08.

Bath & Body Works (NYSE:BBWIGet Rating) last released its earnings results on Wednesday, August 17th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.41 by $0.11. The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Bath & Body Works had a net margin of 12.31% and a negative return on equity of 52.60%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.34 EPS. As a group, equities research analysts anticipate that Bath & Body Works, Inc. will post 2.88 EPS for the current year.

Bath & Body Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, November 17th. Bath & Body Works’s dividend payout ratio is 21.22%.

Bath & Body Works Profile

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Bath & Body Works, Inc operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. The company sells its products under the Bath & Body Works, White Barn, and other brand names through specialty retail stores and websites 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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Institutional Ownership by Quarter for Bath & Body Works (NYSE:BBWI)

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