Daiwa Securities Group Inc. Increases Position in Bath & Body Works, Inc. (NYSE:BBWI)

Daiwa Securities Group Inc. lifted its position in Bath & Body Works, Inc. (NYSE:BBWI) by 11.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,865 shares of the company’s stock after purchasing an additional 2,454 shares during the period. Daiwa Securities Group Inc.’s holdings in Bath & Body Works were worth $932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Community Trust NA purchased a new stake in shares of Bath & Body Works in the second quarter worth $30,000. EverSource Wealth Advisors LLC grew its stake in Bath & Body Works by 72.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company’s stock valued at $35,000 after acquiring an additional 337 shares in the last quarter. GAMMA Investing LLC grew its stake in Bath & Body Works by 75.7% during the first quarter. GAMMA Investing LLC now owns 1,116 shares of the company’s stock valued at $56,000 after acquiring an additional 481 shares in the last quarter. TFO Wealth Partners LLC grew its stake in Bath & Body Works by 9,664.7% during the fourth quarter. TFO Wealth Partners LLC now owns 1,660 shares of the company’s stock valued at $72,000 after acquiring an additional 1,643 shares in the last quarter. Finally, Quarry LP grew its stake in Bath & Body Works by 289.4% during the fourth quarter. Quarry LP now owns 1,690 shares of the company’s stock valued at $73,000 after acquiring an additional 1,256 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Bath & Body Works Trading Down 0.2 %

BBWI stock opened at $27.21 on Monday. Bath & Body Works, Inc. has a 12 month low of $26.20 and a 12 month high of $52.99. The company has a 50-day moving average price of $33.36 and a 200 day moving average price of $41.29. The stock has a market cap of $6.07 billion, a PE ratio of 7.01, a P/E/G ratio of 0.86 and a beta of 1.77.

Bath & Body Works Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.94%. Bath & Body Works’s dividend payout ratio is presently 20.62%.

Analyst Ratings Changes

Several equities analysts recently weighed in on BBWI shares. Raymond James cut their target price 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. The Goldman Sachs Group cut their target price on shares of Bath & Body Works from $60.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Robert W. Baird cut their target price on shares of Bath & Body Works from $54.00 to $45.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Piper Sandler cut their target price on shares of Bath & Body Works from $47.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Finally, Morgan Stanley lowered their price objective on shares of Bath & Body Works from $56.00 to $51.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Eight 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

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.