Bath & Body Works, Inc. (NYSE:BBWI) Stake Reduced by Swiss National Bank

Swiss National Bank cut its holdings in Bath & Body Works, Inc. (NYSE:BBWI) by 3.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 677,400 shares of the company’s stock after selling 22,200 shares during the quarter. Swiss National Bank’s holdings in Bath & Body Works were worth $29,237,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Bath & Body Works by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 25,689,543 shares of the company’s stock worth $868,307,000 after purchasing an additional 67,920 shares in the last quarter. Darsana Capital Partners LP purchased a new position in Bath & Body Works in the 3rd quarter worth about $76,050,000. Charles Schwab Investment Management Inc. increased its stake in Bath & Body Works by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,925,647 shares of the company’s stock worth $65,087,000 after purchasing an additional 27,627 shares in the last quarter. Alua Capital Management LP grew its stake in Bath & Body Works by 30.2% during the 3rd quarter. Alua Capital Management LP now owns 1,693,200 shares of the company’s stock valued at $57,230,000 after acquiring an additional 392,800 shares in the last quarter. Finally, Earnest Partners LLC increased its holdings in shares of Bath & Body Works by 1,055,015.7% in the 3rd quarter. Earnest Partners LLC now owns 1,276,690 shares of the company’s stock valued at $43,152,000 after purchasing an additional 1,276,569 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BBWI shares. Wells Fargo & Company upped their target price on Bath & Body Works from $42.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, April 24th. Evercore ISI upped their target price on Bath & Body Works from $30.00 to $45.00 and gave the company an “in-line” rating in a report on Friday, March 1st. UBS Group upped their target price on Bath & Body Works from $46.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, March 4th. TD Cowen upped their target price on Bath & Body Works from $35.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Finally, BMO Capital Markets upped their target price on Bath & Body Works from $48.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Bath & Body Works currently has a consensus rating of “Hold” and an average price target of $46.73.

Insider Transactions at Bath & Body Works

In other Bath & Body Works news, insider Thomas E. Mazurek sold 4,285 shares of Bath & Body Works 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 sale, the insider now owns 45,992 shares in the company, valued at $2,248,548.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is currently owned by corporate insiders.

Bath & Body Works Stock Up 0.8 %

BBWI opened at $47.62 on Thursday. Bath & Body Works, Inc. has a 12-month low of $27.30 and a 12-month high of $50.34. The firm has a market capitalization of $10.71 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 1.49 and a beta of 1.89. The stock’s 50 day moving average price is $46.08 and its two-hundred day moving average price is $41.38.

Bath & Body Works (NYSE:BBWI) last announced its quarterly earnings data on Thursday, February 29th. The company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.21. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.84 billion. Bath & Body Works had a net margin of 11.82% and a negative return on equity of 37.01%. Bath & Body Works’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the company posted $1.86 earnings per share. As a group, analysts anticipate that Bath & Body Works, Inc. will post 3.3 earnings per share for the current year.

Bath & Body Works Announces Dividend

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 of this dividend was Thursday, February 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.68%. Bath & Body Works’s payout ratio is 20.78%.

About Bath & Body Works

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.