Wellington Management Group LLP Has $5.69 Million Holdings in Bath & Body Works, Inc. (NYSE:BBWI)

Wellington Management Group LLP boosted its holdings in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 14.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,732 shares of the company’s stock after purchasing an additional 17,131 shares during the period. Wellington Management Group LLP owned 0.06% of Bath & Body Works worth $5,686,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Front Row Advisors LLC acquired a new stake in shares of Bath & Body Works in the third quarter valued at $25,000. Trust Co. of Vermont acquired a new position in Bath & Body Works during the 3rd quarter worth $27,000. Denali Advisors LLC bought a new position in Bath & Body Works in the 4th quarter valued at $27,000. GAMMA Investing LLC acquired a new stake in shares of Bath & Body Works in the 4th quarter valued at $27,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Bath & Body Works during the fourth quarter worth $35,000. Institutional investors own 95.14% of the company’s stock.

Bath & Body Works Stock Performance

Shares of BBWI opened at $39.05 on Friday. The stock has a 50 day simple moving average of $45.95 and a 200 day simple moving average of $45.08. Bath & Body Works, Inc. has a 52-week low of $27.30 and a 52-week high of $52.99. The firm has a market capitalization of $8.72 billion, a PE ratio of 10.06, a P/E/G ratio of 1.32 and a beta of 1.90.

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

Bath & Body Works Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Friday, June 7th. Bath & Body Works’s dividend payout ratio is presently 20.62%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BBWI shares. The Goldman Sachs Group boosted their price objective on Bath & Body Works from $49.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, March 4th. TD Cowen raised their price objective on shares of Bath & Body Works from $35.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Robert W. Baird upped their target price on shares of Bath & Body Works from $50.00 to $54.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Piper Sandler raised their price target on Bath & Body Works from $44.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Finally, Evercore ISI upped their price objective on Bath & Body Works from $30.00 to $45.00 and gave the company an “in-line” rating in a report on Friday, March 1st. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $48.53.

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.