SG Americas Securities LLC Has $771,000 Stake in Bath & Body Works, Inc. (NYSE:BBWI)

SG Americas Securities LLC lifted its position in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 18.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,860 shares of the company’s stock after acquiring an additional 2,724 shares during the quarter. SG Americas Securities LLC’s holdings in Bath & Body Works were worth $771,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BBWI. Darsana Capital Partners LP acquired a new position in shares of Bath & Body Works in the third quarter valued at about $76,050,000. Earnest Partners LLC raised its position in Bath & Body Works by 1,055,015.7% during the 3rd quarter. Earnest Partners LLC now owns 1,276,690 shares of the company’s stock worth $43,152,000 after buying an additional 1,276,569 shares during the last quarter. Candlestick Capital Management LP acquired a new stake in Bath & Body Works during the 2nd quarter valued at approximately $28,125,000. Newport Trust Company LLC purchased a new stake in shares of Bath & Body Works in the 3rd quarter valued at $24,721,000. Finally, DnB Asset Management AS increased its stake in shares of Bath & Body Works by 1,515.4% in the third quarter. DnB Asset Management AS now owns 615,494 shares of the company’s stock worth $20,804,000 after acquiring an additional 577,393 shares during the period. Institutional investors own 95.14% of the company’s stock.

Insider Activity at Bath & Body Works

In related news, CEO Gina Boswell purchased 6,000 shares of Bath & Body Works stock in a transaction that occurred on Wednesday, October 9th. The shares were acquired at an average price of $29.64 per share, for a total transaction of $177,840.00. Following the transaction, the chief executive officer now directly owns 242,987 shares in the company, valued at approximately $7,202,134.68. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BBWI shares. Wells Fargo & Company lowered their price objective on Bath & Body Works from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. BMO Capital Markets restated an “outperform” rating and issued a $50.00 price target (down previously from $52.00) on shares of Bath & Body Works in a research note on Thursday, August 29th. Citigroup decreased their price target on Bath & Body Works from $48.00 to $35.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. UBS Group decreased their price target on shares of Bath & Body Works from $52.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Finally, Morgan Stanley reduced their target price on shares of Bath & Body Works from $56.00 to $51.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Bath & Body Works has a consensus rating of “Moderate Buy” and an average price target of $43.13.

Bath & Body Works Trading Up 0.2 %

NYSE BBWI traded up $0.07 during trading on Tuesday, reaching $31.35. The company’s stock had a trading volume of 1,275,728 shares, compared to its average volume of 3,717,293. The stock has a market capitalization of $6.87 billion, a PE ratio of 7.57, a PEG ratio of 0.92 and a beta of 1.79. Bath & Body Works, Inc. has a 1-year low of $26.20 and a 1-year high of $52.99. The business has a 50-day moving average price of $30.08 and a 200-day moving average price of $37.25.

Bath & Body Works (NYSE:BBWI) last announced its earnings results on Wednesday, August 28th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. Bath & Body Works had a negative return on equity of 41.94% and a net margin of 12.69%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. As a group, analysts expect that Bath & Body Works, Inc. will post 3.18 earnings per share for the current year.

Bath & Body Works Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.55%. The ex-dividend date was Friday, August 23rd. Bath & Body Works’s dividend payout ratio is 19.37%.

Bath & Body Works 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.