Bath & Body Works, Inc. (NYSE:BBWI) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its holdings in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 10.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,149 shares of the company’s stock after purchasing an additional 5,400 shares during the period. Handelsbanken Fonder AB’s holdings in Bath & Body Works were worth $2,293,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BBWI. Golden State Wealth Management LLC acquired a new position in Bath & Body Works during the 4th quarter worth approximately $26,000. True Wealth Design LLC increased its position in Bath & Body Works by 5,270.0% during the 3rd quarter. True Wealth Design LLC now owns 1,074 shares of the company’s stock worth $34,000 after purchasing an additional 1,054 shares during the period. UMB Bank n.a. increased its position in Bath & Body Works by 58.8% during the 4th quarter. UMB Bank n.a. now owns 905 shares of the company’s stock worth $35,000 after purchasing an additional 335 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Bath & Body Works during the 3rd quarter worth approximately $39,000. Finally, TD Private Client Wealth LLC grew its holdings in shares of Bath & Body Works by 24.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,697 shares of the company’s stock worth $54,000 after acquiring an additional 331 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BBWI shares. Argus restated a “hold” rating on shares of Bath & Body Works in a report on Friday, January 10th. Morgan Stanley lowered their price target on Bath & Body Works from $51.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, November 21st. Barclays upgraded Bath & Body Works from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $34.00 to $43.00 in a report on Monday. Deutsche Bank Aktiengesellschaft upped their price target on Bath & Body Works from $51.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $43.00 price target on shares of Bath & Body Works in a report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.19.

Bath & Body Works Stock Up 3.6 %

Shares of Bath & Body Works stock opened at $39.99 on Tuesday. Bath & Body Works, Inc. has a fifty-two week low of $26.20 and a fifty-two week high of $52.99. The firm has a market cap of $8.66 billion, a PE ratio of 9.75, a P/E/G ratio of 0.96 and a beta of 1.83. The business’s fifty day moving average is $37.73 and its two-hundred day moving average is $33.96.

Bath & Body Works (NYSE:BBWI) last issued its quarterly earnings results on Monday, November 25th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Bath & Body Works had a negative return on equity of 44.03% and a net margin of 12.43%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the company posted $0.48 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities research analysts anticipate that Bath & Body Works, Inc. will post 3.3 EPS for the current year.

Bath & Body Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, February 21st. Bath & Body Works’s dividend payout ratio is presently 19.51%.

About Bath & Body Works

Bath & Body Works, Inc is a specialty retailers and home to America’s Favorite Fragrances, offering a breadth of exclusive fragrances for the body and home, including the selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap.