Bath & Body Works, Inc. (NYSE:BBWI – Get Free Report) was the recipient of unusually large options trading on Monday. Stock investors bought 37,996 put options on the stock. This represents an increase of 549% compared to the typical volume of 5,859 put options.
Bath & Body Works Stock Up 6.2 %
NYSE:BBWI opened at $28.91 on Tuesday. The company has a market cap of $6.45 billion, a P/E ratio of 7.45, a P/E/G ratio of 0.86 and a beta of 1.77. The firm’s 50 day moving average is $33.18 and its two-hundred day moving average is $41.17. Bath & Body Works has a fifty-two week low of $26.20 and a fifty-two week high of $52.99.
Bath & Body Works Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.77%. Bath & Body Works’s dividend payout ratio (DPR) is 20.62%.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on Bath & Body Works
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Anomaly Capital Management LP purchased a new position in shares of Bath & Body Works in the second quarter valued at $113,995,000. Norges Bank bought a new stake in shares of Bath & Body Works in the 4th quarter worth about $101,669,000. Lone Pine Capital LLC raised its stake in shares of Bath & Body Works by 20.0% in the 4th quarter. Lone Pine Capital LLC now owns 10,448,872 shares of the company’s stock valued at $450,973,000 after purchasing an additional 1,742,471 shares in the last quarter. Cadian Capital Management LP acquired a new position in Bath & Body Works in the fourth quarter worth about $58,266,000. Finally, Vanguard Group Inc. increased its holdings in Bath & Body Works by 4.2% in the first quarter. Vanguard Group Inc. now owns 27,398,192 shares of the company’s stock valued at $1,370,458,000 after buying an additional 1,102,124 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.
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.
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