US Bancorp DE Buys 1,370 Shares of Bath & Body Works, Inc. (NYSE:BBWI)

US Bancorp DE raised its stake in Bath & Body Works, Inc. (NYSE:BBWIGet Rating) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,496 shares of the company’s stock after purchasing an additional 1,370 shares during the quarter. US Bancorp DE’s holdings in Bath & Body Works were worth $2,168,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in shares of Bath & Body Works by 114.0% in the second quarter. Renaissance Technologies LLC now owns 3,778,033 shares of the company’s stock valued at $101,705,000 after buying an additional 2,012,700 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Bath & Body Works in the second quarter valued at approximately $36,823,000. Bank of America Corp DE lifted its position in shares of Bath & Body Works by 238.2% in the first quarter. Bank of America Corp DE now owns 1,666,150 shares of the company’s stock valued at $79,641,000 after buying an additional 1,173,487 shares during the last quarter. Rezny Wealth Management Inc. lifted its position in shares of Bath & Body Works by 2,300.0% in the second quarter. Rezny Wealth Management Inc. now owns 840,000 shares of the company’s stock valued at $25,953,000 after buying an additional 805,000 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Bath & Body Works by 34.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,830,984 shares of the company’s stock valued at $135,321,000 after buying an additional 726,384 shares during the last quarter. 96.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BBWI. JPMorgan Chase & Co. raised their price objective on Bath & Body Works from $40.00 to $43.00 in a research report on Tuesday, January 3rd. Morgan Stanley lifted their price target on Bath & Body Works from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, November 17th. Wells Fargo & Company cut Bath & Body Works from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $55.00 to $46.00 in a report on Friday, January 6th. Piper Sandler lifted their price target on Bath & Body Works from $50.00 to $52.00 in a report on Tuesday, January 3rd. Finally, Robert W. Baird lifted their price target on Bath & Body Works from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, November 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bath & Body Works has a consensus rating of “Moderate Buy” and an average price target of $51.52.

Bath & Body Works Stock Performance

Shares of BBWI opened at $46.66 on Monday. Bath & Body Works, Inc. has a 52-week low of $25.75 and a 52-week high of $62.26. The business’s fifty day moving average is $40.91 and its 200-day moving average is $36.89. The firm has a market cap of $10.66 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 1.02 and a beta of 1.67.

Bath & Body Works (NYSE:BBWIGet Rating) last issued its quarterly earnings results on Wednesday, November 16th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.21. Bath & Body Works had a negative return on equity of 40.90% and a net margin of 12.48%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.56 billion. As a group, research analysts forecast that Bath & Body Works, Inc. will post 3.15 EPS for the current fiscal year.

Bath & Body Works Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 2nd. Stockholders of record on Friday, November 18th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, November 17th. This represents a $0.80 annualized dividend and a dividend yield of 1.71%. Bath & Body Works’s payout ratio is 20.83%.

Bath & Body Works Company Profile

(Get Rating)

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.

Read More

Want to see what other hedge funds are holding BBWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bath & Body Works, Inc. (NYSE:BBWIGet Rating).

Institutional Ownership by Quarter for Bath & Body Works (NYSE:BBWI)

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.