XTX Topco Ltd Buys New Position in Bath & Body Works, Inc. (NYSE:BBWI)

XTX Topco Ltd bought a new stake in shares of Bath & Body Works, Inc. (NYSE:BBWI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 54,211 shares of the company’s stock, valued at approximately $2,117,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BBWI. Dimensional Fund Advisors LP increased its stake in shares of Bath & Body Works by 17.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,220,472 shares of the company’s stock valued at $52,675,000 after acquiring an additional 177,373 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Bath & Body Works during the 4th quarter valued at $228,000. Vanguard Personalized Indexing Management LLC raised its stake 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 worth $539,000 after buying an additional 632 shares in the last quarter. Panagora Asset Management Inc. acquired a new stake in shares of Bath & Body Works in the fourth quarter valued at $853,000. Finally, Great Lakes Advisors LLC bought a new position in Bath & Body Works during the fourth quarter valued at about $250,000. 95.14% of the stock is currently owned by institutional investors.

Bath & Body Works Price Performance

Shares of BBWI stock opened at $29.92 on Friday. Bath & Body Works, Inc. has a fifty-two week low of $26.20 and a fifty-two week high of $52.99. The stock’s 50-day moving average is $32.89 and its two-hundred day moving average is $40.98. The firm has a market cap of $6.68 billion, a P/E ratio of 7.71, a PEG 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. Investors of record on Friday, August 23rd were issued a $0.20 dividend. 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 2.67%. Bath & Body Works’s dividend payout ratio is currently 20.62%.

Wall Street Analysts Forecast Growth

BBWI has been the topic of several research reports. Raymond James dropped their price target on shares of Bath & Body Works from $51.00 to $42.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Robert W. Baird dropped their target price on shares of Bath & Body Works from $54.00 to $45.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Evercore ISI reduced their target price on shares of Bath & Body Works from $45.00 to $35.00 and set an “in-line” rating for the company in a report on Wednesday, August 28th. Piper Sandler dropped their price target on Bath & Body Works from $47.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Finally, Bank of America decreased their target price on Bath & Body Works from $54.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

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.