Bath & Body Works Sees Unusually Large Options Volume (NYSE:BBWI)

Bath & Body Works, Inc. (NYSE:BBWIGet Free Report) saw unusually large options trading activity on Monday. Traders acquired 40,649 call options on the company. This is an increase of approximately 1,513% compared to the average volume of 2,520 call options.

Insiders Place Their Bets

In other Bath & Body Works news, insider Thomas E. Mazurek sold 4,285 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 45,992 shares of the company’s stock, valued at $2,248,548.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.27% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bath & Body Works

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Bath & Body Works by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 27,398,192 shares of the company’s stock valued at $1,370,458,000 after purchasing an additional 1,102,124 shares during the period. Lone Pine Capital LLC boosted its position in shares of Bath & Body Works by 20.0% in the 4th quarter. Lone Pine Capital LLC now owns 10,448,872 shares of the company’s stock valued at $450,973,000 after purchasing an additional 1,742,471 shares during the period. Norges Bank acquired a new position in shares of Bath & Body Works in the 4th quarter valued at $101,669,000. Darsana Capital Partners LP purchased a new stake in Bath & Body Works in the 3rd quarter worth about $76,050,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Bath & Body Works by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,963,919 shares of the company’s stock worth $84,763,000 after acquiring an additional 38,272 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Bath & Body Works Trading Down 0.3 %

BBWI stock opened at $51.81 on Tuesday. The firm has a market cap of $11.59 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.67 and a beta of 1.90. Bath & Body Works has a 12-month low of $27.30 and a 12-month high of $52.99. The stock’s 50 day simple moving average is $47.27 and its 200 day simple moving average is $43.91.

Bath & Body Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Friday, June 7th. Bath & Body Works’s dividend payout ratio is presently 20.78%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Evercore ISI increased their price target on shares of Bath & Body Works from $30.00 to $45.00 and gave the stock an “in-line” rating in a research note on Friday, March 1st. Telsey Advisory Group reissued an “outperform” rating and issued a $53.00 target price on shares of Bath & Body Works in a research note on Wednesday, May 29th. UBS Group raised their target price on shares of Bath & Body Works from $46.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. BMO Capital Markets raised their target price on shares of Bath & Body Works from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Finally, TD Cowen raised their target price on shares of Bath & Body Works from $35.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $48.20.

View Our Latest Report on BBWI

Bath & Body Works Company Profile

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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.

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