Bath & Body Works, Inc. (NYSE:BBWI) Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd increased its position in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 327.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 38,232 shares of the company’s stock after buying an additional 29,294 shares during the quarter. WINTON GROUP Ltd’s holdings in Bath & Body Works were worth $1,493,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BBWI. First Community Trust NA bought a new stake in shares of Bath & Body Works in the 2nd quarter worth $30,000. EverSource Wealth Advisors LLC raised its position in Bath & Body Works by 72.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company’s stock worth $35,000 after acquiring an additional 337 shares in the last quarter. GAMMA Investing LLC raised its position in Bath & Body Works by 75.7% in the first quarter. GAMMA Investing LLC now owns 1,116 shares of the company’s stock worth $56,000 after acquiring an additional 481 shares in the last quarter. TFO Wealth Partners LLC lifted its holdings in Bath & Body Works by 9,664.7% in the 4th quarter. TFO Wealth Partners LLC now owns 1,660 shares of the company’s stock valued at $72,000 after acquiring an additional 1,643 shares during the last quarter. Finally, Quarry LP grew its stake in shares of Bath & Body Works by 289.4% in the 4th quarter. Quarry LP now owns 1,690 shares of the company’s stock worth $73,000 after purchasing an additional 1,256 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BBWI has been the subject of several recent research reports. BMO Capital Markets reissued an “outperform” rating and set a $50.00 target price (down from $52.00) on shares of Bath & Body Works in a research note on Thursday, August 29th. Bank of America cut their price objective on Bath & Body Works from $54.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft decreased their target price on Bath & Body Works from $57.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, August 26th. Wells Fargo & Company reduced their target price on Bath & Body Works from $48.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Finally, UBS Group dropped their price target on Bath & Body Works from $52.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Bath & Body Works has an average rating of “Moderate Buy” and an average price target of $43.00.

Bath & Body Works Trading Down 0.2 %

BBWI opened at $27.21 on Monday. Bath & Body Works, Inc. has a 1 year low of $26.20 and a 1 year high of $52.99. The stock has a fifty day moving average price of $33.36 and a 200 day moving average price of $41.29. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 7.01, a PEG ratio of 0.86 and a beta of 1.77.

Bath & Body Works Dividend Announcement

The company 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 of this dividend was Friday, August 23rd. This represents a $0.80 annualized dividend and a dividend yield of 2.94%. Bath & Body Works’s payout ratio is 20.62%.

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.