Landscape Capital Management L.L.C. Invests $1.96 Million in Bath & Body Works, Inc. (NYSE:BBWI)

Landscape Capital Management L.L.C. acquired a new position in Bath & Body Works, Inc. (NYSE:BBWI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 50,488 shares of the company’s stock, valued at approximately $1,957,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Bath & Body Works by 32.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,784 shares of the company’s stock valued at $2,046,000 after acquiring an additional 12,964 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Bath & Body Works in the 3rd quarter worth approximately $8,129,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Bath & Body Works by 13.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,704,625 shares of the company’s stock valued at $66,088,000 after acquiring an additional 195,813 shares in the last quarter. iA Global Asset Management Inc. increased its stake in shares of Bath & Body Works by 1,078.2% during the third quarter. iA Global Asset Management Inc. now owns 49,331 shares of the company’s stock valued at $1,575,000 after acquiring an additional 45,144 shares during the period. Finally, Weiss Asset Management LP raised its holdings in Bath & Body Works by 29.0% during the third quarter. Weiss Asset Management LP now owns 377,969 shares of the company’s stock worth $12,065,000 after purchasing an additional 84,873 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays lowered their price target on Bath & Body Works from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. set a $47.00 price target on shares of Bath & Body Works in a research report on Thursday, February 27th. Telsey Advisory Group restated an “outperform” rating and set a $43.00 price objective on shares of Bath & Body Works in a research report on Thursday, February 27th. Argus reiterated a “hold” rating on shares of Bath & Body Works in a report on Friday, January 10th. Finally, Wells Fargo & Company raised Bath & Body Works from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $42.00 to $48.00 in a report on Friday, January 10th. 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 company has a consensus rating of “Moderate Buy” and an average target price of $45.06.

Bath & Body Works Stock Performance

BBWI stock opened at $27.11 on Friday. The firm has a 50 day simple moving average of $34.45 and a 200 day simple moving average of $34.10. Bath & Body Works, Inc. has a 52 week low of $25.41 and a 52 week high of $52.99. The stock has a market cap of $5.81 billion, a P/E ratio of 6.61, a P/E/G ratio of 0.92 and a beta of 1.89.

Bath & Body Works (NYSE:BBWI) last issued its earnings results on Thursday, February 27th. The company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.05. Bath & Body Works had a net margin of 12.43% and a negative return on equity of 44.03%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.78 billion. Sell-side analysts predict that Bath & Body Works, Inc. will post 3.3 EPS for the current year.

Bath & Body Works Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Friday, February 21st. Bath & Body Works’s dividend payout ratio (DPR) is presently 21.98%.

Bath & Body Works declared that its board has initiated a share repurchase plan on Thursday, February 27th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is 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.