Bath & Body Works, Inc. (NYSE:BBWI) Stock Holdings Boosted by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd increased its position in Bath & Body Works, Inc. (NYSE:BBWI) by 576.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,799 shares of the company’s stock after buying an additional 19,431 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Bath & Body Works were worth $1,140,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted its holdings in Bath & Body Works by 3.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 17,626 shares of the company’s stock worth $882,000 after buying an additional 578 shares in the last quarter. Vanguard Group Inc. grew its holdings 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 worth $1,370,458,000 after acquiring an additional 1,102,124 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Bath & Body Works by 12.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 350,726 shares of the company’s stock worth $17,589,000 after acquiring an additional 40,178 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Bath & Body Works by 28.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 258,617 shares of the company’s stock worth $12,936,000 after purchasing an additional 56,764 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Bath & Body Works by 3.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 258,239 shares of the company’s stock valued at $12,917,000 after purchasing an additional 9,058 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

BBWI has been the topic of several recent analyst reports. BMO Capital Markets boosted their price objective on Bath & Body Works from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, June 5th. JPMorgan Chase & Co. upgraded shares of Bath & Body Works from an “underweight” rating to a “neutral” rating and upped their price target for the company from $40.00 to $53.00 in a research report on Friday, May 17th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $53.00 price objective on shares of Bath & Body Works in a research note on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Bath & Body Works from $53.00 to $57.00 in a research note on Monday, June 3rd. Finally, Piper Sandler decreased their target price on Bath & Body Works from $47.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $47.60.

Bath & Body Works Stock Performance

Shares of Bath & Body Works stock traded down $2.69 during trading on Wednesday, hitting $34.34. 4,856,154 shares of the stock traded hands, compared to its average volume of 2,883,852. The stock has a market cap of $7.67 billion, a P/E ratio of 9.02, a PEG ratio of 1.24 and a beta of 1.85. The company has a fifty day moving average price of $43.03 and a two-hundred day moving average price of $44.53. Bath & Body Works, Inc. has a twelve month low of $27.30 and a twelve month high of $52.99.

Bath & Body Works (NYSE:BBWI) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. Bath & Body Works had a net margin of 11.92% and a negative return on equity of 40.00%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 earnings per share. On average, equities research analysts expect that Bath & Body Works, Inc. will post 3.29 EPS for the current fiscal year.

Bath & Body Works Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Friday, June 7th. Bath & Body Works’s payout ratio is 20.62%.

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.