Stock Traders Buy Large Volume of Bath & Body Works Put Options (NYSE:BBWI)

Bath & Body Works, Inc. (NYSE:BBWI) was the recipient of unusually large options trading activity on Monday. Stock investors acquired 37,996 put options on the company. This represents an increase of 549% compared to the average daily volume of 5,859 put options.

Institutional Investors Weigh In On Bath & Body Works

Several large investors have recently made changes to their positions in BBWI. Envestnet Portfolio Solutions Inc. lifted its position in shares of Bath & Body Works by 5.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,571 shares of the company’s stock worth $279,000 after buying an additional 277 shares during the last quarter. Empirical Finance LLC lifted its position in Bath & Body Works by 3.6% during the 1st quarter. Empirical Finance LLC now owns 8,097 shares of the company’s stock worth $405,000 after acquiring an additional 278 shares during the last quarter. Comerica Bank grew its position in shares of Bath & Body Works by 0.9% in the fourth quarter. Comerica Bank now owns 33,091 shares of the company’s stock valued at $1,428,000 after purchasing an additional 280 shares during the last quarter. CWM LLC increased its stake in shares of Bath & Body Works by 6.6% in the second quarter. CWM LLC now owns 5,072 shares of the company’s stock worth $198,000 after purchasing an additional 314 shares during the period. Finally, Northwest Bank & Trust Co boosted its stake in Bath & Body Works by 2.5% during the 1st quarter. Northwest Bank & Trust Co now owns 13,094 shares of the company’s stock valued at $655,000 after purchasing an additional 315 shares during the period. Institutional investors own 95.14% of the company’s stock.

Bath & Body Works Trading Up 0.9 %

Shares of NYSE:BBWI opened at $29.16 on Wednesday. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 0.86 and a beta of 1.77. Bath & Body Works has a 1 year low of $26.20 and a 1 year high of $52.99. The business has a fifty day simple moving average of $33.02 and a 200 day simple moving average of $41.06.

Bath & Body Works Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Friday, August 23rd. Bath & Body Works’s dividend payout ratio (DPR) is presently 20.62%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BBWI. Evercore ISI decreased their target price on Bath & Body Works from $45.00 to $35.00 and set an “in-line” rating on the stock in a report on Wednesday, August 28th. Telsey Advisory Group restated an “outperform” rating and set a $53.00 price objective on shares of Bath & Body Works in a report on Wednesday, August 28th. Bank of America decreased their target price on shares of Bath & Body Works from $54.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Bath & Body Works from $57.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, August 26th. Finally, Morgan Stanley decreased their price objective on shares of Bath & Body Works from $56.00 to $51.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Bath & Body Works Company 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.