Avalon Global Asset Management LLC Has $3.12 Million Stock Holdings in Bath & Body Works, Inc. (NYSE:BBWI)

Avalon Global Asset Management LLC boosted its holdings in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 60.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 80,000 shares of the company’s stock after acquiring an additional 30,000 shares during the period. Avalon Global Asset Management LLC’s holdings in Bath & Body Works were worth $3,124,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of Bath & Body Works by 17.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,220,472 shares of the company’s stock valued at $52,675,000 after buying an additional 177,373 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Bath & Body Works in the 4th quarter valued at $228,000. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Bath & Body Works by 5.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 12,481 shares of the company’s stock valued at $539,000 after buying an additional 632 shares during the period. Panagora Asset Management Inc. acquired a new position in shares of Bath & Body Works in the 4th quarter valued at $853,000. Finally, Great Lakes Advisors LLC acquired a new position in shares of Bath & Body Works in the 4th quarter valued at $250,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on BBWI. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Bath & Body Works from $57.00 to $54.00 and set a “buy” rating for the company in a report on Monday, August 26th. JPMorgan Chase & Co. cut their price objective on shares of Bath & Body Works from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. The Goldman Sachs Group cut their price objective on shares of Bath & Body Works from $60.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Robert W. Baird cut their price objective on shares of Bath & Body Works from $54.00 to $45.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $53.00 price objective on shares of Bath & Body Works in a research report on Wednesday, August 28th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Bath & Body Works Price Performance

Bath & Body Works stock opened at $29.28 on Friday. The firm has a market capitalization of $6.54 billion, a PE ratio of 7.55, a P/E/G ratio of 0.86 and a beta of 1.77. The company’s 50-day moving average is $32.74 and its 200-day moving average is $40.90. Bath & Body Works, Inc. has a fifty-two week low of $26.20 and a fifty-two week high of $52.99.

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 paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.80 annualized dividend and a dividend yield of 2.73%. Bath & Body Works’s dividend payout ratio 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.