Wealth Enhancement Advisory Services LLC lifted its holdings in Bath & Body Works, Inc. (NYSE:BBWI – Free Report) by 200.4% in the 4th quarter, HoldingsChannel reports. The firm owned 137,310 shares of the company’s stock after purchasing an additional 91,606 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Bath & Body Works were worth $3,057,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. First Horizon Corp acquired a new stake in Bath & Body Works in the third quarter worth about $29,000. Geneos Wealth Management Inc. raised its position in shares of Bath & Body Works by 217.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,169 shares of the company’s stock worth $35,000 after buying an additional 801 shares in the last quarter. Danske Bank A S bought a new stake in shares of Bath & Body Works during the 3rd quarter worth about $39,000. Advisory Services Network LLC acquired a new stake in shares of Bath & Body Works in the 3rd quarter worth approximately $48,000. Finally, Carolina Wealth Advisors LLC acquired a new stake in shares of Bath & Body Works in the 3rd quarter worth approximately $54,000. 95.14% of the stock is currently owned by institutional investors.
Bath & Body Works Stock Up 0.1%
BBWI opened at $18.68 on Wednesday. The firm has a market cap of $3.76 billion, a PE ratio of 5.93, a P/E/G ratio of 1.87 and a beta of 1.48. The business has a fifty day simple moving average of $21.50 and a 200-day simple moving average of $22.18. Bath & Body Works, Inc. has a fifty-two week low of $14.27 and a fifty-two week high of $34.66.
Bath & Body Works Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 20th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Friday, February 20th. Bath & Body Works’s payout ratio is 25.40%.
Analyst Upgrades and Downgrades
BBWI has been the topic of a number of research analyst reports. Robert W. Baird set a $20.00 price objective on shares of Bath & Body Works in a research note on Wednesday, December 17th. Guggenheim started coverage on Bath & Body Works in a research note on Tuesday, December 9th. They set a “neutral” rating for the company. Jefferies Financial Group started coverage on Bath & Body Works in a research note on Wednesday, January 14th. They issued a “hold” rating and a $24.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on Bath & Body Works from $21.00 to $22.00 and gave the company a “hold” rating in a report on Tuesday, March 3rd. Finally, UBS Group lifted their target price on Bath & Body Works from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 23rd. Three analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $24.00.
View Our Latest Analysis on BBWI
Bath & Body Works Profile
Bath & Body Works, Inc is a leading specialty retailer focused on personal care, home fragrance and complementary products. Through its flagship Bath & Body Works brand, the company offers a diverse assortment of shower gels, lotions, fragrance mists, candles and home fragrance items. Its product portfolio also includes the White Barn Candle Co range of premium scented candles and diffusers. Bath & Body Works serves consumers through a combination of brick-and-mortar stores and e-commerce platforms, delivering seasonal collections, limited-edition releases and signature scent lines.
Founded in 1990 as part of Limited Brands (now L Brands), Bath & Body Works opened its first store in New Albany, Ohio, and quickly expanded across the United States.
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