Commonwealth Equity Services LLC Sells 1,369 Shares of Bath & Body Works, Inc. (NYSE:BBWI)

Commonwealth Equity Services LLC trimmed its holdings in Bath & Body Works, Inc. (NYSE:BBWI) by 13.7% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 8,659 shares of the company’s stock after selling 1,369 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Bath & Body Works were worth $338,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BBWI. First Community Trust NA purchased a new position in Bath & Body Works in the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC raised its holdings in Bath & Body Works by 72.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company’s stock valued at $35,000 after buying an additional 337 shares during the last quarter. GAMMA Investing LLC boosted its position in Bath & Body Works by 75.7% during the 1st quarter. GAMMA Investing LLC now owns 1,116 shares of the company’s stock valued at $56,000 after buying an additional 481 shares during the period. TFO Wealth Partners LLC grew its holdings in Bath & Body Works by 9,664.7% in the 4th quarter. TFO Wealth Partners LLC now owns 1,660 shares of the company’s stock worth $72,000 after acquiring an additional 1,643 shares during the last quarter. Finally, Quarry LP increased its position in shares of Bath & Body Works by 289.4% in the fourth quarter. Quarry LP now owns 1,690 shares of the company’s stock valued at $73,000 after acquiring an additional 1,256 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

BBWI has been the subject of a number of analyst reports. BMO Capital Markets reiterated an “outperform” rating and set a $50.00 target price (down from $52.00) on shares of Bath & Body Works in a report on Thursday, August 29th. Evercore ISI reduced their target price on Bath & Body Works from $45.00 to $35.00 and set an “in-line” rating on the stock in a research note on Wednesday, August 28th. Barclays decreased their target price on Bath & Body Works from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, August 29th. UBS Group cut their price target on shares of Bath & Body Works from $52.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Finally, Raymond James decreased their price objective on shares of Bath & Body Works from $51.00 to $42.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Bath & Body Works Stock Performance

BBWI stock opened at $30.34 on Tuesday. The firm has a 50 day moving average price of $32.45 and a 200-day moving average price of $40.64. Bath & Body Works, Inc. has a 52-week low of $26.20 and a 52-week high of $52.99. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 0.86 and a beta of 1.77.

Bath & Body Works (NYSE:BBWI) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. Bath & Body Works had a negative return on equity of 41.94% and a net margin of 12.69%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. As a group, sell-side analysts forecast that Bath & Body Works, Inc. will post 3.18 earnings per share for the current fiscal year.

Bath & Body Works Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend was Friday, August 23rd. Bath & Body Works’s payout ratio is 20.62%.

Bath & Body Works 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.