Bath & Body Works, Inc. $BBWI Stock Holdings Trimmed by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 1.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 26,532,844 shares of the company’s stock after selling 432,432 shares during the quarter. Vanguard Group Inc. owned about 12.87% of Bath & Body Works worth $683,486,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. First Horizon Corp bought a new stake in shares of Bath & Body Works during the third quarter valued at about $29,000. Geneos Wealth Management Inc. raised its position in shares of Bath & Body Works by 217.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,169 shares of the company’s stock worth $35,000 after buying an additional 801 shares in the last quarter. Carolina Wealth Advisors LLC bought a new stake in shares of Bath & Body Works during the 3rd quarter worth about $54,000. Parkside Financial Bank & Trust lifted its stake in shares of Bath & Body Works by 24.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,842 shares of the company’s stock worth $55,000 after acquiring an additional 364 shares during the period. Finally, Westfuller Advisors LLC bought a new position in shares of Bath & Body Works in the third quarter valued at approximately $56,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Telsey Advisory Group cut shares of Bath & Body Works from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $38.00 to $17.00 in a research report on Friday, November 21st. UBS Group increased their target price on shares of Bath & Body Works from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday. Citigroup cut shares of Bath & Body Works from a “buy” rating to a “neutral” rating and lifted their target price for the company from $21.00 to $25.00 in a research note on Tuesday, February 17th. JPMorgan Chase & Co. lowered their target price 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. Finally, Robert W. Baird set a $20.00 price objective on shares of Bath & Body Works in a research report on Wednesday, December 17th. Four research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $23.29.

Bath & Body Works Price Performance

NYSE BBWI opened at $22.51 on Tuesday. The stock’s 50 day simple moving average is $21.87 and its 200 day simple moving average is $23.84. Bath & Body Works, Inc. has a one year low of $14.27 and a one year high of $41.87. The firm has a market cap of $4.61 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 1.07 and a beta of 1.54.

Bath & Body Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 20th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, February 20th. Bath & Body Works’s payout ratio is currently 24.62%.

About Bath & Body Works

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.