American Century Companies Inc. Has $9.98 Million Stake in Bath & Body Works, Inc. (NYSE:BBWI)

American Century Companies Inc. increased its stake in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 255,612 shares of the company’s stock after acquiring an additional 1,831 shares during the period. American Century Companies Inc. owned about 0.11% of Bath & Body Works worth $9,982,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. AdvisorShares Investments LLC acquired a new stake in shares of Bath & Body Works during the second quarter worth $420,000. Headlands Technologies LLC increased its stake in Bath & Body Works by 2,595.7% in the 2nd quarter. Headlands Technologies LLC now owns 11,322 shares of the company’s stock valued at $442,000 after buying an additional 10,902 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Bath & Body Works by 11.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 23,865 shares of the company’s stock valued at $932,000 after buying an additional 2,454 shares during the last quarter. Andra AP fonden increased its stake in Bath & Body Works by 60.7% in the 2nd quarter. Andra AP fonden now owns 452,300 shares of the company’s stock valued at $17,662,000 after buying an additional 170,900 shares during the last quarter. Finally, Quest Partners LLC increased its stake in Bath & Body Works by 46,045.8% in the 2nd quarter. Quest Partners LLC now owns 11,075 shares of the company’s stock valued at $432,000 after buying an additional 11,051 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. UBS Group decreased their price objective on shares of Bath & Body Works from $52.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Morgan Stanley decreased 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. BMO Capital Markets reissued an “outperform” rating and issued a $50.00 price objective (down previously from $52.00) on shares of Bath & Body Works in a research report on Thursday, August 29th. The Goldman Sachs Group decreased their price objective on shares of 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. Finally, Piper Sandler decreased their price objective on shares of Bath & Body Works from $47.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Bath & Body Works Trading Down 2.1 %

Shares of NYSE:BBWI opened at $29.28 on Monday. The firm has a 50 day moving average of $32.58 and a 200-day moving average of $40.76. The stock has a market capitalization of $6.54 billion, a PE ratio of 7.55, a PEG ratio of 0.86 and a beta of 1.77. Bath & Body Works, Inc. has a 12 month low of $26.20 and a 12 month high of $52.99.

Bath & Body Works (NYSE:BBWI) last issued its earnings results on Wednesday, August 28th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Bath & Body Works had a net margin of 12.69% and a negative return on equity of 41.94%. On average, research analysts predict that Bath & Body Works, Inc. will post 3.18 EPS for the current fiscal year.

Bath & Body Works Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Friday, August 23rd. Bath & Body Works’s payout ratio is presently 20.62%.

About Bath & Body Works

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.