Rhumbline Advisers Cuts Stake in Bath & Body Works, Inc. (NYSE:BBWI)

Rhumbline Advisers decreased its holdings in Bath & Body Works, Inc. (NYSE:BBWI) by 0.9% in the second quarter, Holdings Channel.com reports. The firm owned 403,591 shares of the company’s stock after selling 3,838 shares during the period. Rhumbline Advisers’ holdings in Bath & Body Works were worth $15,760,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. First Community Trust NA purchased a new stake in shares of Bath & Body Works in the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC boosted 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 in the last quarter. GAMMA Investing LLC boosted its stake in shares of Bath & Body Works by 75.7% in the 1st quarter. GAMMA Investing LLC now owns 1,116 shares of the company’s stock valued at $56,000 after purchasing an additional 481 shares in the last quarter. EntryPoint Capital LLC boosted its stake in shares of Bath & Body Works by 224.0% in the 1st quarter. EntryPoint Capital LLC now owns 1,471 shares of the company’s stock valued at $74,000 after purchasing an additional 1,017 shares in the last quarter. Finally, TFO Wealth Partners LLC boosted its position in Bath & Body Works by 9,664.7% during the 4th quarter. TFO Wealth Partners LLC now owns 1,660 shares of the company’s stock valued at $72,000 after buying an additional 1,643 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Bath & Body Works Price Performance

Shares of Bath & Body Works stock opened at $27.52 on Tuesday. The company has a 50-day moving average of $34.20 and a 200 day moving average of $41.87. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 0.97 and a beta of 1.77. Bath & Body Works, Inc. has a 1 year low of $27.30 and a 1 year high of $52.99.

Bath & Body Works Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were paid a $0.20 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.80 annualized dividend and a dividend yield of 2.91%. Bath & Body Works’s payout ratio is 20.62%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BBWI shares. Robert W. Baird dropped their price target on shares of Bath & Body Works from $54.00 to $45.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. JPMorgan Chase & Co. dropped their price target on shares of Bath & Body Works from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. 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 report on Thursday, August 29th. Wells Fargo & Company dropped their price target on shares of Bath & Body Works from $48.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Finally, The Goldman Sachs Group dropped their price target on shares of Bath & Body Works from $60.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Bath & Body Works presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

Bath & Body Works 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.