25,962 Shares in Bath & Body Works, Inc. $BBWI Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new position in shares of Bath & Body Works, Inc. (NYSE:BBWI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 25,962 shares of the company’s stock, valued at approximately $669,000.

A number of other institutional investors also recently bought and sold shares of BBWI. Carolina Wealth Advisors LLC acquired a new stake in shares of Bath & Body Works during the third quarter worth about $54,000. Graphene Investments SAS raised its stake in Bath & Body Works by 20.1% during the 3rd quarter. Graphene Investments SAS now owns 114,700 shares of the company’s stock valued at $2,955,000 after acquiring an additional 19,200 shares during the last quarter. Iowa State Bank purchased a new stake in Bath & Body Works during the 3rd quarter valued at approximately $1,244,000. Corient Private Wealth LLC lifted its position in Bath & Body Works by 8.5% during the 2nd quarter. Corient Private Wealth LLC now owns 19,859 shares of the company’s stock worth $595,000 after acquiring an additional 1,560 shares during the period. Finally, Texas Permanent School Fund Corp grew its stake in shares of Bath & Body Works by 16.4% in the 2nd quarter. Texas Permanent School Fund Corp now owns 101,469 shares of the company’s stock valued at $3,040,000 after purchasing an additional 14,262 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BBWI has been the subject of several analyst reports. Wells Fargo & Company cut their price target on Bath & Body Works from $33.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, November 21st. JPMorgan Chase & Co. dropped their price objective on shares of Bath & Body Works from $26.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Barclays reduced their target price on shares of Bath & Body Works from $28.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday, November 21st. Morgan Stanley reiterated an “equal weight” rating and set a $18.00 price target (down from $43.00) on shares of Bath & Body Works in a research note on Friday, November 21st. Finally, Baird R W cut shares of Bath & Body Works from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $23.61.

Insider Buying and Selling at Bath & Body Works

In other news, Director Stephen D. Steinour acquired 6,700 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was bought at an average cost of $14.86 per share, with a total value of $99,562.00. Following the transaction, the director directly owned 48,175 shares in the company, valued at approximately $715,880.50. This represents a 16.15% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven E. Voskuil acquired 20,000 shares of the company’s stock in a transaction on Friday, November 21st. The shares were acquired at an average price of $15.04 per share, for a total transaction of $300,800.00. Following the completion of the acquisition, the director directly owned 33,925 shares in the company, valued at $510,232. The trade was a 143.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 33,513 shares of company stock valued at $500,442 in the last quarter. Company insiders own 0.26% of the company’s stock.

Bath & Body Works Trading Up 2.2%

Shares of NYSE BBWI opened at $19.67 on Friday. The company’s 50-day moving average price is $21.20 and its 200 day moving average price is $26.20. Bath & Body Works, Inc. has a 52 week low of $14.27 and a 52 week high of $41.87. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 6.05, a PEG ratio of 0.73 and a beta of 1.51.

Bath & Body Works (NYSE:BBWI) last posted its quarterly earnings data on Thursday, November 20th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.64 billion. Bath & Body Works had a net margin of 9.50% and a negative return on equity of 47.35%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. Bath & Body Works has set its FY 2025 guidance at 2.870- EPS and its Q4 2025 guidance at 1.700- EPS. As a group, research analysts expect that Bath & Body Works, Inc. will post 3.3 earnings per share for the current year.

Bath & Body Works Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were issued a dividend of $0.20 per share. The ex-dividend date was Friday, November 21st. This represents a $0.80 annualized dividend and a dividend yield of 4.1%. Bath & Body Works’s payout ratio is presently 24.62%.

Bath & Body Works Profile

Bath & Body Works, Inc is a leading specialty retailer focused on personal care, home fragrance and complementary products. Through its flagship Bath & Body Works brand, the company offers a diverse assortment of shower gels, lotions, fragrance mists, candles and home fragrance items. Its product portfolio also includes the White Barn Candle Co range of premium scented candles and diffusers. Bath & Body Works serves consumers through a combination of brick-and-mortar stores and e-commerce platforms, delivering seasonal collections, limited-edition releases and signature scent lines.

Founded in 1990 as part of Limited Brands (now L Brands), Bath & Body Works opened its first store in New Albany, Ohio, and quickly expanded across the United States.