5,297 Shares in Bath & Body Works, Inc. (NYSE:BBWI) Purchased by Choreo LLC

Choreo LLC bought a new stake in Bath & Body Works, Inc. (NYSE:BBWI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,297 shares of the company’s stock, valued at approximately $206,000.

A number of other large investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in Bath & Body Works by 58.8% during the fourth quarter. UMB Bank n.a. now owns 905 shares of the company’s stock worth $35,000 after purchasing an additional 335 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of Bath & Body Works by 5,270.0% during the 3rd quarter. True Wealth Design LLC now owns 1,074 shares of the company’s stock worth $34,000 after buying an additional 1,054 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Bath & Body Works in the 3rd quarter valued at about $39,000. Friedenthal Financial acquired a new stake in shares of Bath & Body Works in the fourth quarter valued at about $57,000. Finally, TD Private Client Wealth LLC raised its holdings in Bath & Body Works by 24.2% during the third quarter. TD Private Client Wealth LLC now owns 1,697 shares of the company’s stock worth $54,000 after acquiring an additional 331 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on BBWI shares. Barclays boosted their price target on Bath & Body Works from $28.00 to $34.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 26th. Morgan Stanley dropped their price target on shares of Bath & Body Works from $51.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, November 21st. Wells Fargo & Company raised shares of Bath & Body Works from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $42.00 to $48.00 in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Bath & Body Works from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $42.00 price target on shares of Bath & Body Works in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.19.

Bath & Body Works Price Performance

BBWI stock opened at $36.50 on Friday. The business’s fifty day moving average price is $37.63 and its two-hundred day moving average price is $33.68. Bath & Body Works, Inc. has a fifty-two week low of $26.20 and a fifty-two week high of $52.99. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 0.90 and a beta of 1.83.

Bath & Body Works (NYSE:BBWI) last posted its quarterly earnings data on Monday, November 25th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. Bath & Body Works had a negative return on equity of 44.03% and a net margin of 12.43%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.48 EPS. Research analysts expect that Bath & Body Works, Inc. will post 3.26 EPS for the current year.

Bath & Body Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.19%. Bath & Body Works’s payout ratio is currently 19.51%.

Bath & Body Works Company Profile

Bath & Body Works, Inc is a specialty retailers and home to America’s Favorite Fragrances, offering a breadth of exclusive fragrances for the body and home, including the selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap.