Bath & Body Works, Inc. (NYSE:BBWI) Position Raised by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its position in Bath & Body Works, Inc. (NYSE:BBWI) by 17.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,057 shares of the company’s stock after purchasing an additional 2,288 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Bath & Body Works were worth $586,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BBWI. Renaissance Technologies LLC lifted its holdings in Bath & Body Works by 152.7% in the 2nd quarter. Renaissance Technologies LLC now owns 901,133 shares of the company’s stock valued at $35,189,000 after acquiring an additional 544,599 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Bath & Body Works by 7.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,303,487 shares of the company’s stock worth $50,901,000 after purchasing an additional 86,204 shares in the last quarter. WINTON GROUP Ltd lifted its stake in Bath & Body Works by 327.7% during the second quarter. WINTON GROUP Ltd now owns 38,232 shares of the company’s stock valued at $1,493,000 after purchasing an additional 29,294 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Bath & Body Works by 5.7% during the second quarter. Envestnet Asset Management Inc. now owns 140,300 shares of the company’s stock worth $5,479,000 after buying an additional 7,611 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in Bath & Body Works by 41.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 51,985 shares of the company’s stock worth $2,030,000 after buying an additional 15,243 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wells Fargo & Company cut their price objective on 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. Piper Sandler reduced their target price on Bath & Body Works from $47.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. JPMorgan Chase & Co. dropped their price target on Bath & Body Works from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. The Goldman Sachs Group reduced their price objective on shares of Bath & Body Works from $60.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $42.00 target price on shares of Bath & Body Works in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Bath & Body Works has an average rating of “Moderate Buy” and a consensus target price of $42.35.

Bath & Body Works Trading Up 4.0 %

BBWI opened at $31.74 on Friday. The stock has a fifty day moving average price of $31.96 and a 200 day moving average price of $40.40. Bath & Body Works, Inc. has a 1 year low of $26.20 and a 1 year high of $52.99. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 0.96 and a beta of 1.77.

Bath & Body Works (NYSE:BBWI) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. Bath & Body Works had a negative return on equity of 41.94% and a net margin of 12.69%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. As a group, sell-side analysts forecast that Bath & Body Works, Inc. will post 3.18 earnings per share for the current fiscal year.

Bath & Body Works Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Friday, August 23rd. Bath & Body Works’s dividend payout ratio is 20.62%.

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.