Bath & Body Works, Inc. (NYSE:BBWI) Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd boosted its holdings in Bath & Body Works, Inc. (NYSE:BBWI) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,384 shares of the company’s stock after purchasing an additional 577 shares during the quarter. WINTON GROUP Ltd’s holdings in Bath & Body Works were worth $1,411,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Bath & Body Works by 17,496.5% during the 3rd quarter. FMR LLC now owns 2,516,127 shares of the company’s stock valued at $80,315,000 after acquiring an additional 2,501,828 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in Bath & Body Works in the third quarter valued at approximately $50,483,000. Principal Financial Group Inc. increased its position in Bath & Body Works by 328.7% during the third quarter. Principal Financial Group Inc. now owns 1,069,941 shares of the company’s stock worth $34,153,000 after purchasing an additional 820,379 shares during the last quarter. Verition Fund Management LLC raised its stake in Bath & Body Works by 111.8% during the third quarter. Verition Fund Management LLC now owns 1,345,777 shares of the company’s stock worth $42,957,000 after purchasing an additional 710,333 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Bath & Body Works in the 4th quarter valued at $26,491,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BBWI. TD Cowen upped their price objective on Bath & Body Works from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Citigroup upgraded Bath & Body Works from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $40.00 to $48.00 in a report on Friday, February 28th. JPMorgan Chase & Co. set a $47.00 target price on Bath & Body Works in a report on Thursday, February 27th. 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 27th. Finally, Barclays decreased their price objective on shares of Bath & Body Works from $43.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.06.

Bath & Body Works Price Performance

Shares of Bath & Body Works stock opened at $31.93 on Friday. Bath & Body Works, Inc. has a 1-year low of $26.21 and a 1-year high of $52.99. The business has a 50-day moving average of $35.33 and a 200-day moving average of $34.00. The company has a market capitalization of $6.84 billion, a PE ratio of 7.79, a P/E/G ratio of 0.92 and a beta of 1.89.

Bath & Body Works (NYSE:BBWI) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.05. Bath & Body Works had a negative return on equity of 44.03% and a net margin of 12.43%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.78 billion. On average, equities analysts expect that Bath & Body Works, Inc. will post 3.3 earnings per share for the current fiscal year.

Bath & Body Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a dividend of $0.20 per share. The ex-dividend date was Friday, February 21st. This represents a $0.80 dividend on an annualized basis and a yield of 2.51%. Bath & Body Works’s dividend payout ratio (DPR) is 21.98%.

Bath & Body Works announced that its board has authorized a stock buyback program on Thursday, February 27th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 6.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Bath & Body Works Profile

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.