Advisory Services Network LLC Makes New Investment in Bath & Body Works, Inc. (NYSE:BBWI)

Advisory Services Network LLC bought a new position in shares of Bath & Body Works, Inc. (NYSE:BBWIFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,934 shares of the company’s stock, valued at approximately $170,000.

A number of other institutional investors also recently bought and sold shares of the company. Frazier Financial Advisors LLC purchased a new stake in shares of Bath & Body Works in the fourth quarter valued at $1,618,000. Shell Asset Management Co. lifted its position in shares of Bath & Body Works by 180.0% in the third quarter. Shell Asset Management Co. now owns 56,344 shares of the company’s stock valued at $1,904,000 after acquiring an additional 36,222 shares in the last quarter. Pearl River Capital LLC lifted its position in shares of Bath & Body Works by 145.6% in the third quarter. Pearl River Capital LLC now owns 31,364 shares of the company’s stock valued at $1,060,000 after acquiring an additional 18,596 shares in the last quarter. Impax Asset Management Group plc lifted its position in shares of Bath & Body Works by 305.6% in the fourth quarter. Impax Asset Management Group plc now owns 356,910 shares of the company’s stock valued at $15,404,000 after acquiring an additional 268,913 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of Bath & Body Works in the fourth quarter valued at $4,450,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Bath & Body Works Price Performance

Shares of NYSE BBWI opened at $46.39 on Friday. Bath & Body Works, Inc. has a 1-year low of $27.30 and a 1-year high of $52.99. The business has a 50-day moving average of $47.10 and a 200-day moving average of $44.06. The company has a market capitalization of $10.38 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 1.48 and a beta of 1.90.

Bath & Body Works (NYSE:BBWIGet Free Report) last issued its quarterly earnings results on Tuesday, June 4th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. Bath & Body Works had a negative return on equity of 40.00% and a net margin of 11.92%. Bath & Body Works’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.33 earnings per share. Research analysts expect that Bath & Body Works, Inc. will post 3.27 EPS for the current fiscal year.

Bath & Body Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Friday, June 7th. Bath & Body Works’s dividend payout ratio is currently 20.62%.

Insider Activity at Bath & Body Works

In related news, insider Thomas E. Mazurek sold 4,285 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $48.89, for a total value of $209,493.65. Following the completion of the transaction, the insider now owns 45,992 shares of the company’s stock, valued at $2,248,548.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. UBS Group upped their price objective on Bath & Body Works from $46.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. BMO Capital Markets upped their target price on Bath & Body Works from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday. 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 research note on Wednesday, April 24th. JPMorgan Chase & Co. upgraded Bath & Body Works from an “underweight” rating to a “neutral” rating and upped their target price for the company from $40.00 to $53.00 in a research note on Friday, May 17th. Finally, 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 research note on Friday, March 1st. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $48.53.

View Our Latest Report on BBWI

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.

Further Reading

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

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