Bath & Body Works, Inc. (NYSE:BBWI) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its position in Bath & Body Works, Inc. (NYSE:BBWI) by 1,661.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,213 shares of the company’s stock after buying an additional 8,690 shares during the quarter. Venturi Wealth Management LLC’s holdings in Bath & Body Works were worth $357,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in shares of Bath & Body Works during the fourth quarter worth approximately $26,000. UMB Bank n.a. boosted its stake in Bath & Body Works by 58.8% during the 4th quarter. UMB Bank n.a. now owns 905 shares of the company’s stock valued at $35,000 after acquiring an additional 335 shares during the last quarter. True Wealth Design LLC boosted its stake in Bath & Body Works by 5,270.0% during the 3rd quarter. True Wealth Design LLC now owns 1,074 shares of the company’s stock valued at $34,000 after acquiring an additional 1,054 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Bath & Body Works during the 3rd quarter worth $39,000. Finally, Friedenthal Financial bought a new stake in shares of Bath & Body Works in the 4th quarter worth about $57,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BBWI. Telsey Advisory Group reaffirmed an “outperform” rating and set a $43.00 price target on shares of Bath & Body Works in a research report on Thursday. TD Cowen increased their target price on Bath & Body Works from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. upgraded Bath & Body Works from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $41.00 to $47.00 in a report on Tuesday. Wells Fargo & Company raised Bath & Body Works from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $42.00 to $48.00 in a research report on Friday, January 10th. Finally, Piper Sandler lifted their price objective on shares of Bath & Body Works from $36.00 to $39.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.63.

Bath & Body Works Stock Up 0.6 %

Shares of NYSE:BBWI opened at $40.33 on Friday. The company’s 50-day moving average price is $37.70 and its 200 day moving average price is $33.81. The company has a market cap of $8.73 billion, a PE ratio of 9.84, a P/E/G ratio of 0.96 and a beta of 1.83. Bath & Body Works, Inc. has a fifty-two week low of $26.20 and a fifty-two week high of $52.99.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings results on Monday, November 25th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. Bath & Body Works had a negative return on equity of 44.03% and a net margin of 12.43%. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities analysts anticipate that Bath & Body Works, Inc. will post 3.26 EPS for the current year.

Bath & Body Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.80 annualized dividend and a dividend yield of 1.98%. Bath & Body Works’s payout ratio is 19.51%.

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.