Bath & Body Works, Inc. (NYSE:BBWI) Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its holdings in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 124.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,709 shares of the company’s stock after purchasing an additional 30,369 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Bath & Body Works were worth $1,746,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. California State Teachers Retirement System lifted its stake in shares of Bath & Body Works by 1.4% in the first quarter. California State Teachers Retirement System now owns 345,749 shares of the company’s stock worth $17,294,000 after buying an additional 4,695 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of Bath & Body Works by 223.9% during the 1st quarter. Tidal Investments LLC now owns 19,398 shares of the company’s stock worth $970,000 after purchasing an additional 13,410 shares during the last quarter. Atria Investments Inc purchased a new stake in shares of Bath & Body Works in the first quarter valued at approximately $1,058,000. Northwest Bank & Trust Co increased its holdings in shares of Bath & Body Works by 2.5% in the first quarter. Northwest Bank & Trust Co now owns 13,094 shares of the company’s stock valued at $655,000 after purchasing an additional 315 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Bath & Body Works by 1.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 31,797 shares of the company’s stock valued at $1,560,000 after purchasing an additional 322 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Buying and Selling

In other news, CEO Gina Boswell purchased 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The stock was bought at an average price of $29.64 per share, for a total transaction of $177,840.00. Following the completion of the purchase, the chief executive officer now directly owns 242,987 shares of the company’s stock, valued at $7,202,134.68. The trade was a 2.53 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.27% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BBWI shares. TD Cowen upped their target price on Bath & Body Works from $40.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $42.00 target price on shares of Bath & Body Works in a research note on Monday. UBS Group dropped their price target on shares of Bath & Body Works from $52.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Robert W. Baird reduced their price target on shares of Bath & Body Works from $54.00 to $45.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Bath & Body Works from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Bath & Body Works currently has an average rating of “Moderate Buy” and a consensus target price of $41.88.

Bath & Body Works Price Performance

Shares of NYSE:BBWI opened at $35.92 on Thursday. The firm has a market capitalization of $7.87 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 1.14 and a beta of 1.79. Bath & Body Works, Inc. has a 1 year low of $26.20 and a 1 year high of $52.99. The firm’s 50-day moving average is $30.81 and its two-hundred day moving average is $35.65.

Bath & Body Works (NYSE:BBWI) last released its earnings results on Wednesday, August 28th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. Bath & Body Works had a net margin of 12.43% and a negative return on equity of 44.03%. Analysts expect that Bath & Body Works, Inc. will post 3.18 EPS for the current fiscal year.

Bath & Body Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a $0.20 dividend. The ex-dividend date 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 presently 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.