Bath & Body Works, Inc. (NYSE:BBWI) Shares Bought by Bridgewater Associates LP

Bridgewater Associates LP grew its position in Bath & Body Works, Inc. (NYSE:BBWI) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 294,827 shares of the company’s stock after acquiring an additional 13,225 shares during the period. Bridgewater Associates LP owned about 0.13% of Bath & Body Works worth $9,411,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. First Community Trust NA purchased a new stake in Bath & Body Works during the second quarter worth $30,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Bath & Body Works by 300.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the company’s stock valued at $38,000 after acquiring an additional 900 shares during the last quarter. Meeder Asset Management Inc. grew its stake in Bath & Body Works by 480.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,735 shares of the company’s stock valued at $55,000 after acquiring an additional 1,436 shares during the last quarter. GAMMA Investing LLC increased its holdings in Bath & Body Works by 65.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,846 shares of the company’s stock valued at $72,000 after acquiring an additional 730 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in Bath & Body Works during the third quarter worth about $103,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BBWI shares. TD Cowen raised their price objective on shares of Bath & Body Works from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup cut their price target on Bath & Body Works from $48.00 to $35.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Bath & Body Works in a research note on Monday. UBS Group dropped their price objective on Bath & Body Works from $52.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Finally, Evercore ISI reduced their target price on shares of Bath & Body Works from $45.00 to $35.00 and set an “in-line” rating on the stock in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $41.88.

Bath & Body Works Trading Up 1.9 %

Shares of Bath & Body Works stock opened at $35.90 on Friday. The business’s fifty day moving average price is $30.93 and its 200 day moving average price is $35.65. Bath & Body Works, Inc. has a twelve month low of $26.20 and a twelve month high of $52.99. The stock has a market capitalization of $7.87 billion, a P/E ratio of 8.76, a PEG ratio of 1.14 and a beta of 1.79.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. Bath & Body Works had a negative return on equity of 44.03% and a net margin of 12.43%. As a group, sell-side analysts predict that Bath & Body Works, Inc. will post 3.18 EPS for the current year.

Bath & Body Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.23%. Bath & Body Works’s dividend payout ratio (DPR) is 19.51%.

Insiders Place Their Bets

In related news, CEO Gina Boswell bought 6,000 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was bought at an average price of $29.64 per share, with a total value of $177,840.00. Following the completion of the transaction, the chief executive officer now directly owns 242,987 shares of the company’s stock, valued at approximately $7,202,134.68. This represents a 2.53 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is owned by insiders.

About Bath & Body Works

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.