Bath & Body Works, Inc. (NYSE:BBWI) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its stake in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 152.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 901,133 shares of the company’s stock after acquiring an additional 544,599 shares during the quarter. Renaissance Technologies LLC owned 0.40% of Bath & Body Works worth $35,189,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BBWI. First Community Trust NA acquired a new stake in shares of Bath & Body Works in the second quarter worth $30,000. EverSource Wealth Advisors LLC lifted its position in shares of Bath & Body Works by 72.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company’s stock worth $35,000 after acquiring an additional 337 shares during the period. GAMMA Investing LLC lifted its position in Bath & Body Works by 75.7% in 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. EntryPoint Capital LLC boosted its position in shares of Bath & Body Works by 224.0% during the 1st quarter. EntryPoint Capital LLC now owns 1,471 shares of the company’s stock valued at $74,000 after acquiring an additional 1,017 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its position in shares of Bath & Body Works by 9,664.7% during the 4th quarter. TFO Wealth Partners LLC now owns 1,660 shares of the company’s stock worth $72,000 after buying an additional 1,643 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Bath & Body Works Trading Up 1.9 %

NYSE BBWI opened at $29.71 on Thursday. The firm’s 50 day simple moving average is $33.02 and its 200 day simple moving average is $41.06. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 7.66, a P/E/G ratio of 0.86 and a beta of 1.77. Bath & Body Works, Inc. has a 1 year low of $26.20 and a 1 year high of $52.99.

Bath & Body Works Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.80 annualized dividend and a dividend yield of 2.69%. Bath & Body Works’s payout ratio is 20.62%.

Analyst Ratings Changes

A number of research firms have commented on BBWI. BMO Capital Markets restated an “outperform” rating and issued a $50.00 price target (down from $52.00) on shares of Bath & Body Works in a research report on Thursday, August 29th. The Goldman Sachs Group cut their price target on Bath & Body Works from $60.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Evercore ISI lowered their price target on shares of Bath & Body Works from $45.00 to $35.00 and set an “in-line” rating for the company in a research report on Wednesday, August 28th. Morgan Stanley dropped their price objective on Bath & Body Works from $56.00 to $51.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Finally, Bank of America cut their target price 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. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.