Sumitomo Mitsui Trust Group Inc. Takes Position in Bath & Body Works, Inc. $BBWI

Sumitomo Mitsui Trust Group Inc. bought a new stake in Bath & Body Works, Inc. (NYSE:BBWI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,100 shares of the company’s stock, valued at approximately $482,000.

Several other institutional investors also recently modified their holdings of the business. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Bath & Body Works in the 2nd quarter worth approximately $33,000. SVB Wealth LLC purchased a new stake in shares of Bath & Body Works during the first quarter worth $35,000. Geneos Wealth Management Inc. lifted its position in shares of Bath & Body Works by 217.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,169 shares of the company’s stock worth $35,000 after acquiring an additional 801 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Bath & Body Works by 63.3% during the second quarter. Parallel Advisors LLC now owns 1,241 shares of the company’s stock worth $37,000 after acquiring an additional 481 shares in the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of Bath & Body Works during the first quarter worth $69,000. 95.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on BBWI. Telsey Advisory Group restated an “outperform” rating and set a $38.00 target price on shares of Bath & Body Works in a research report on Thursday, August 28th. UBS Group reduced their price target on shares of Bath & Body Works from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, August 29th. Citigroup dropped their price objective on shares of Bath & Body Works from $42.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, August 19th. Jefferies Financial Group dropped their price objective on shares of Bath & Body Works from $32.00 to $28.50 and set a “hold” rating for the company in a report on Monday, October 13th. Finally, Barclays reduced their target price on Bath & Body Works from $32.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Monday, October 20th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.39.

Bath & Body Works Price Performance

BBWI stock opened at $24.48 on Friday. Bath & Body Works, Inc. has a 1 year low of $23.49 and a 1 year high of $41.87. The company has a market cap of $5.05 billion, a P/E ratio of 7.26, a PEG ratio of 0.86 and a beta of 1.52. The firm has a 50-day moving average of $27.01 and a 200 day moving average of $28.97.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings results on Thursday, August 28th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. Bath & Body Works had a net margin of 9.88% and a negative return on equity of 48.43%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the firm earned $0.37 earnings per share. Bath & Body Works’s revenue was down .8% on a year-over-year basis. Bath & Body Works has set its Q3 2025 guidance at 0.370-0.45 EPS. FY 2025 guidance at 3.350-3.600 EPS. On average, equities research analysts expect that Bath & Body Works, Inc. will post 3.3 earnings per share for the current fiscal year.

Bath & Body Works Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, August 22nd. Bath & Body Works’s dividend payout ratio (DPR) is presently 23.74%.

About Bath & Body Works

Bath & Body Works, Inc is a specialty retailers and home to America’s Favorite Fragrances, offering a breadth of exclusive fragrances for the body and home, including the selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap.