10,930 Shares in Bath & Body Works, Inc. (NYSE:BBWI) Acquired by AdvisorShares Investments LLC

AdvisorShares Investments LLC purchased a new position in Bath & Body Works, Inc. (NYSE:BBWI) during the second quarter, Holdings Channel.com reports. The fund purchased 10,930 shares of the company’s stock, valued at approximately $420,000.

A number of other hedge funds also recently modified their holdings of BBWI. International Assets Investment Management LLC bought a new stake in shares of Bath & Body Works in the 4th quarter worth approximately $439,000. Principal Securities Inc. bought a new stake in shares of Bath & Body Works in the 4th quarter worth approximately $377,000. NBC Securities Inc. purchased a new position in Bath & Body Works in the 4th quarter valued at approximately $223,000. QRG Capital Management Inc. grew its stake in Bath & Body Works by 3.1% in the 4th quarter. QRG Capital Management Inc. now owns 45,981 shares of the company’s stock valued at $1,985,000 after buying an additional 1,402 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Bath & Body Works by 17.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,220,472 shares of the company’s stock valued at $52,675,000 after buying an additional 177,373 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BBWI shares. Raymond James reduced their price objective on shares of Bath & Body Works from $51.00 to $42.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Wells Fargo & Company reduced their price objective on shares of Bath & Body Works from $48.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Citigroup reduced their price objective on shares of Bath & Body Works from $48.00 to $35.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Bank of America reduced their price objective on shares of Bath & Body Works from $54.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Bath & Body Works from $57.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, August 26th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Bath & Body Works has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Bath & Body Works Stock Performance

Shares of NYSE:BBWI opened at $26.99 on Thursday. Bath & Body Works, Inc. has a 52-week low of $26.20 and a 52-week high of $52.99. The firm has a fifty day moving average of $33.76 and a 200 day moving average of $41.62. The firm has a market capitalization of $6.03 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 0.97 and a beta of 1.77.

Bath & Body Works Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were given a $0.20 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.80 annualized dividend and a yield of 2.96%. Bath & Body Works’s dividend payout ratio (DPR) is presently 20.62%.

Bath & Body Works Company Profile

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.