Bath & Body Works, Inc. (NYSE:BBWI) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB reduced its holdings in Bath & Body Works, Inc. (NYSE:BBWIFree Report) by 92.4% during the 4th quarter, Holdings Channel reports. The fund owned 20,338 shares of the company’s stock after selling 248,306 shares during the quarter. Nordea Investment Management AB’s holdings in Bath & Body Works were worth $882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Money Concepts Capital Corp boosted its stake in Bath & Body Works by 1,180.4% during the fourth quarter. Money Concepts Capital Corp now owns 653 shares of the company’s stock valued at $28,000 after buying an additional 602 shares in the last quarter. Front Row Advisors LLC bought a new position in shares of Bath & Body Works during the 3rd quarter valued at about $25,000. Trust Co. of Vermont acquired a new position in shares of Bath & Body Works in the 3rd quarter worth approximately $27,000. Dark Forest Capital Management LP raised its holdings in shares of Bath & Body Works by 11,890.0% in the 1st quarter. Dark Forest Capital Management LP now owns 1,199 shares of the company’s stock worth $44,000 after purchasing an additional 1,189 shares in the last quarter. Finally, Quarry LP raised its holdings in shares of Bath & Body Works by 248.9% in the 1st quarter. Quarry LP now owns 1,228 shares of the company’s stock worth $45,000 after purchasing an additional 876 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BBWI has been the topic of a number of research reports. Evercore ISI boosted their target price on shares of Bath & Body Works from $30.00 to $45.00 and gave the stock an “in-line” rating in a report on Friday, March 1st. Barclays downgraded shares of Bath & Body Works from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $37.00 to $45.00 in a report on Thursday, January 4th. Telsey Advisory Group reiterated an “outperform” rating and issued a $53.00 target price (up from $50.00) on shares of Bath & Body Works in a report on Thursday, February 29th. TD Cowen boosted their target price on shares of Bath & Body Works from $35.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Finally, BMO Capital Markets boosted their target price on shares of Bath & Body Works from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. One investment 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. Based on data from MarketBeat.com, Bath & Body Works presently has an average rating of “Hold” and a consensus target price of $45.80.

Read Our Latest Stock Report on BBWI

Bath & Body Works Stock Performance

BBWI stock opened at $47.98 on Wednesday. The stock has a market cap of $10.84 billion, a P/E ratio of 12.46, a P/E/G ratio of 1.56 and a beta of 1.85. The firm has a 50 day simple moving average of $44.92 and a 200 day simple moving average of $38.67. Bath & Body Works, Inc. has a 52 week low of $27.30 and a 52 week high of $48.67.

Bath & Body Works (NYSE:BBWIGet Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported $2.06 EPS for the quarter, topping the consensus estimate of $1.85 by $0.21. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Bath & Body Works had a net margin of 11.82% and a negative return on equity of 37.01%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $1.86 earnings per share. Sell-side analysts predict that Bath & Body Works, Inc. will post 3.3 EPS for the current year.

Bath & Body Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.67%. The ex-dividend date was Thursday, February 22nd. Bath & Body Works’s payout ratio is presently 20.78%.

Bath & Body Works 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.

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:BBWIFree Report).

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.