Newport Trust Company LLC Has $21.13 Million Stock Holdings in Bath & Body Works, Inc. (NYSE:BBWI)

Newport Trust Company LLC lowered its position in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 10.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 540,987 shares of the company’s stock after selling 65,518 shares during the quarter. Newport Trust Company LLC owned 0.24% of Bath & Body Works worth $21,126,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BBWI. Envestnet Portfolio Solutions Inc. boosted its position in shares of Bath & Body Works by 5.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,571 shares of the company’s stock worth $279,000 after purchasing an additional 277 shares in the last quarter. Empirical Finance LLC lifted its holdings in Bath & Body Works by 3.6% during the first quarter. Empirical Finance LLC now owns 8,097 shares of the company’s stock worth $405,000 after acquiring an additional 278 shares in the last quarter. Comerica Bank grew its stake in Bath & Body Works by 0.9% in the fourth quarter. Comerica Bank now owns 33,091 shares of the company’s stock valued at $1,428,000 after acquiring an additional 280 shares during the period. CWM LLC increased its holdings in shares of Bath & Body Works by 6.6% in the second quarter. CWM LLC now owns 5,072 shares of the company’s stock worth $198,000 after acquiring an additional 314 shares in the last quarter. Finally, Northwest Bank & Trust Co increased its holdings in shares of Bath & Body Works by 2.5% in the first quarter. Northwest Bank & Trust Co now owns 13,094 shares of the company’s stock worth $655,000 after acquiring an additional 315 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BBWI shares. The Goldman Sachs Group decreased their price objective on Bath & Body Works from $60.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Piper Sandler reduced their price target on shares of Bath & Body Works from $47.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Raymond James dropped their price objective 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. BMO Capital Markets reaffirmed an “outperform” rating and issued a $50.00 target price (down from $52.00) on shares of Bath & Body Works in a research note on Thursday, August 29th. Finally, UBS Group lowered their target price on Bath & Body Works from $52.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Bath & Body Works Stock Up 0.7 %

Shares of Bath & Body Works stock opened at $29.92 on Friday. Bath & Body Works, Inc. has a 12-month low of $26.20 and a 12-month high of $52.99. The business’s 50 day moving average is $32.89 and its 200-day moving average is $40.98. The stock has a market cap of $6.68 billion, a P/E ratio of 7.71, a P/E/G ratio of 0.86 and a beta of 1.77.

Bath & Body Works Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Friday, August 23rd. Bath & Body Works’s dividend payout ratio (DPR) is presently 20.62%.

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.