California Public Employees Retirement System Has $17.98 Million Stock Holdings in Bath & Body Works, Inc. (NYSE:BBWI)

California Public Employees Retirement System decreased its stake in Bath & Body Works, Inc. (NYSE:BBWI) by 3.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 416,643 shares of the company’s stock after selling 14,689 shares during the quarter. California Public Employees Retirement System’s holdings in Bath & Body Works were worth $17,982,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BBWI. Front Row Advisors LLC purchased a new position in Bath & Body Works during the 3rd quarter worth approximately $25,000. Trust Co. of Vermont purchased a new stake in Bath & Body Works in the 3rd quarter worth about $27,000. Denali Advisors LLC acquired a new stake in Bath & Body Works during the 4th quarter worth about $27,000. Turtle Creek Wealth Advisors LLC purchased a new position in Bath & Body Works during the 4th quarter valued at about $35,000. Finally, Princeton Global Asset Management LLC purchased a new position in Bath & Body Works during the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. UBS Group raised their price target on shares of Bath & Body Works from $46.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Wells Fargo & Company boosted their target price on Bath & Body Works from $42.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Evercore ISI upped their target price on Bath & Body Works from $30.00 to $45.00 and gave the stock an “in-line” rating in a research report on Friday, March 1st. The Goldman Sachs Group lifted their price target on Bath & Body Works from $49.00 to $56.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $53.00 price objective on shares of Bath & Body Works in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Bath & Body Works currently has an average rating of “Hold” and a consensus target price of $46.73.

Bath & Body Works Trading Up 0.7 %

NYSE BBWI opened at $46.38 on Tuesday. Bath & Body Works, Inc. has a 1 year low of $27.30 and a 1 year high of $50.34. The company has a fifty day simple moving average of $46.24 and a 200 day simple moving average of $40.78. The company has a market cap of $10.43 billion, a P/E ratio of 12.05, a P/E/G ratio of 1.49 and a beta of 1.86.

Bath & Body Works (NYSE:BBWI) last released 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 firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.84 billion. Bath & Body Works had a net margin of 11.82% and a negative return on equity of 37.01%. The business’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 EPS. Equities research analysts forecast that Bath & Body Works, Inc. will post 3.3 EPS for the current fiscal year.

Bath & Body Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a $0.20 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.72%. Bath & Body Works’s payout ratio is 20.78%.

Insider Buying and Selling

In related news, insider Thomas E. Mazurek sold 4,285 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is currently owned by insiders.

Bath & Body Works Profile

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.