Wellington Management Group LLP Has $5.69 Million Stock Position in Bath & Body Works, Inc. (NYSE:BBWI)

Wellington Management Group LLP raised its position in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 14.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 131,732 shares of the company’s stock after purchasing an additional 17,131 shares during the quarter. Wellington Management Group LLP’s holdings in Bath & Body Works were worth $5,686,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BBWI. Denali Advisors LLC acquired a new stake in shares of Bath & Body Works during the fourth quarter worth $27,000. GAMMA Investing LLC bought a new stake in Bath & Body Works during the fourth quarter valued at $27,000. Front Row Advisors LLC acquired a new stake in Bath & Body Works during the 3rd quarter worth about $25,000. Trust Co. of Vermont bought a new position in shares of Bath & Body Works in the 3rd quarter worth about $27,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Bath & Body Works by 72.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company’s stock valued at $35,000 after purchasing an additional 337 shares during the period. Institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Evercore ISI lifted their target price on Bath & Body Works from $30.00 to $45.00 and gave the stock an “in-line” rating in a report on Friday, March 1st. The Goldman Sachs Group increased their target price on shares of Bath & Body Works from $49.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. TD Cowen lifted their price target on shares of Bath & Body Works from $35.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Wells Fargo & Company raised their target price on Bath & Body Works from $42.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $53.00 price target on shares of Bath & Body Works in a report on Tuesday, June 4th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.53.

Bath & Body Works Price Performance

BBWI opened at $39.05 on Friday. Bath & Body Works, Inc. has a 1 year low of $27.30 and a 1 year high of $52.99. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 10.06, a P/E/G ratio of 1.32 and a beta of 1.90. The firm’s fifty day moving average price is $45.95 and its two-hundred day moving average price is $45.08.

Bath & Body Works (NYSE:BBWI) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. Bath & Body Works had a net margin of 11.92% and a negative return on equity of 40.00%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the firm posted $0.33 EPS. The firm’s quarterly revenue was down .9% compared to the same quarter last year. As a group, equities analysts anticipate that Bath & Body Works, Inc. will post 3.29 EPS for the current year.

Bath & Body Works Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, June 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.05%. Bath & Body Works’s dividend payout ratio (DPR) is currently 20.62%.

About Bath & Body Works

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.