Bath & Body Works, Inc. (NYSE:BBWI) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its position in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 56.3% in the third quarter, HoldingsChannel reports. The firm owned 57,836 shares of the company’s stock after selling 74,598 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Bath & Body Works were worth $1,846,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. New York State Teachers Retirement System lifted its holdings in shares of Bath & Body Works by 18.1% during the third quarter. New York State Teachers Retirement System now owns 266,235 shares of the company’s stock worth $8,498,000 after purchasing an additional 40,793 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in shares of Bath & Body Works during the third quarter worth about $103,000. State of Alaska Department of Revenue lifted its holdings in shares of Bath & Body Works by 418.2% during the third quarter. State of Alaska Department of Revenue now owns 127,226 shares of the company’s stock worth $4,061,000 after purchasing an additional 102,675 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Bath & Body Works during the third quarter worth about $343,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Bath & Body Works by 69.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,092 shares of the company’s stock worth $586,000 after purchasing an additional 7,443 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Buying and Selling

In other news, CEO Gina Boswell purchased 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was purchased at an average cost of $29.64 per share, for a total transaction of $177,840.00. Following the completion of the transaction, the chief executive officer now owns 242,987 shares of the company’s stock, valued at $7,202,134.68. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BBWI. UBS Group decreased their price target on Bath & Body Works from $52.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Telsey Advisory Group reissued an “outperform” rating and issued a $42.00 price target on shares of Bath & Body Works in a report on Thursday, September 26th. Evercore ISI decreased their price target on Bath & Body Works from $45.00 to $35.00 and set an “in-line” rating for the company in a report on Wednesday, August 28th. JPMorgan Chase & Co. decreased their price target on Bath & Body Works from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Finally, Raymond James decreased their price target on Bath & Body Works from $51.00 to $42.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.44.

Bath & Body Works Price Performance

Shares of BBWI stock opened at $30.00 on Friday. Bath & Body Works, Inc. has a 1-year low of $26.20 and a 1-year high of $52.99. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 7.26, a PEG ratio of 1.01 and a beta of 1.79. The stock has a 50 day simple moving average of $30.01 and a 200-day simple moving average of $36.93.

Bath & Body Works (NYSE:BBWI) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.37 EPS for the quarter, topping 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 firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Analysts anticipate that Bath & Body Works, Inc. will post 3.18 earnings per share for the current fiscal year.

Bath & Body Works Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, November 22nd. Bath & Body Works’s payout ratio is 19.37%.

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.