Bath & Body Works (NYSE:BBWI) Trading Up 3.9%

Shares of Bath & Body Works, Inc. (NYSE:BBWI) shot up 3.9% on Monday . The stock traded as high as $28.50 and last traded at $28.28. 360,162 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 3,291,749 shares. The stock had previously closed at $27.21.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BBWI. Raymond James dropped their target price on shares of Bath & Body Works from $51.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Bank of America cut their price objective on shares of Bath & Body Works from $54.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company reduced their price objective on shares of Bath & Body Works from $48.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Barclays dropped their target price on Bath & Body Works from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. reduced their price target on Bath & Body Works from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Bath & Body Works currently has an average rating of “Moderate Buy” and an average price target of $43.00.

Bath & Body Works Price Performance

The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 7.61, a P/E/G ratio of 0.86 and a beta of 1.77. The company’s fifty day moving average price is $33.02 and its 200-day moving average price is $41.06.

Bath & Body Works Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.20 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.70%. Bath & Body Works’s payout ratio is 20.62%.

Institutional Investors Weigh In On Bath & Body Works

Several institutional investors and hedge funds have recently made changes to their positions in the stock. First Community Trust NA acquired a new position in shares of Bath & Body Works in the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC raised its stake in shares of Bath & Body Works by 72.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company’s stock worth $35,000 after purchasing an additional 337 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Bath & Body Works by 75.7% during the first quarter. GAMMA Investing LLC now owns 1,116 shares of the company’s stock worth $56,000 after purchasing an additional 481 shares during the period. TFO Wealth Partners LLC boosted its position in Bath & Body Works by 9,664.7% in the fourth quarter. TFO Wealth Partners LLC now owns 1,660 shares of the company’s stock valued at $72,000 after buying an additional 1,643 shares during the last quarter. Finally, Quarry LP increased its holdings in Bath & Body Works by 289.4% in the 4th quarter. Quarry LP now owns 1,690 shares of the company’s stock worth $73,000 after buying an additional 1,256 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

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.