Friedenthal Financial Buys Shares of 1,481 Bath & Body Works, Inc. (NYSE:BBWI)

Friedenthal Financial purchased a new position in Bath & Body Works, Inc. (NYSE:BBWI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,481 shares of the company’s stock, valued at approximately $57,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. True Wealth Design LLC boosted its stake in Bath & Body Works by 5,270.0% in the third quarter. True Wealth Design LLC now owns 1,074 shares of the company’s stock valued at $34,000 after acquiring an additional 1,054 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Bath & Body Works by 300.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the company’s stock worth $38,000 after purchasing an additional 900 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Bath & Body Works in the 3rd quarter worth approximately $39,000. TD Private Client Wealth LLC boosted its position in Bath & Body Works by 24.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,697 shares of the company’s stock valued at $54,000 after purchasing an additional 331 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in Bath & Body Works by 480.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,735 shares of the company’s stock worth $55,000 after buying an additional 1,436 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BBWI. Morgan Stanley reduced their price target on shares of Bath & Body Works from $51.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday, November 21st. Barclays boosted their target price on shares of Bath & Body Works from $28.00 to $34.00 and gave the company an “underweight” rating in a research note on Tuesday, November 26th. Wells Fargo & Company upgraded shares of Bath & Body Works from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $42.00 to $48.00 in a research note on Friday. Telsey Advisory Group reiterated an “outperform” rating and set a $42.00 price objective on shares of Bath & Body Works in a research report on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Bath & Body Works from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.06.

Bath & Body Works Trading Up 0.9 %

BBWI stock traded up $0.34 during trading hours on Monday, hitting $36.75. 3,482,889 shares of the stock traded hands, compared to its average volume of 3,142,947. The stock has a 50-day simple moving average of $35.75 and a 200 day simple moving average of $33.68. The company has a market cap of $7.96 billion, a P/E ratio of 8.96, a P/E/G ratio of 1.43 and a beta of 1.82. Bath & Body Works, Inc. has a one year low of $26.20 and a one year high of $52.99.

Bath & Body Works (NYSE:BBWI) last posted its quarterly earnings data on Monday, November 25th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.03. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.58 billion. Bath & Body Works had a net margin of 12.43% and a negative return on equity of 44.03%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. Analysts forecast that Bath & Body Works, Inc. will post 3.26 earnings per share for the current year.

Bath & Body Works Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.80 annualized dividend and a dividend yield of 2.18%. Bath & Body Works’s dividend payout ratio is currently 19.51%.

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.