Teachers Retirement System of The State of Kentucky Lowers Position in Bath & Body Works, Inc. (NYSE:BBWI)

Teachers Retirement System of The State of Kentucky decreased its position in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 9.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 16,986 shares of the company’s stock after selling 1,689 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Bath & Body Works were worth $542,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Anomaly Capital Management LP bought a new position in shares of Bath & Body Works in the 2nd quarter worth about $113,995,000. FMR LLC grew its holdings in Bath & Body Works by 17,496.5% in the third quarter. FMR LLC now owns 2,516,127 shares of the company’s stock worth $80,315,000 after purchasing an additional 2,501,828 shares during the period. KBC Group NV increased its stake in shares of Bath & Body Works by 9,023.5% during the third quarter. KBC Group NV now owns 1,701,813 shares of the company’s stock valued at $54,322,000 after purchasing an additional 1,683,160 shares in the last quarter. Erste Asset Management GmbH purchased a new position in shares of Bath & Body Works during the third quarter valued at approximately $50,483,000. Finally, Lone Pine Capital LLC boosted its position in shares of Bath & Body Works by 15.8% in the 2nd quarter. Lone Pine Capital LLC now owns 11,315,515 shares of the company’s stock worth $441,871,000 after purchasing an additional 1,547,399 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling

In related news, CEO Gina Boswell purchased 6,000 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was acquired at an average price of $29.64 per share, with a total value of $177,840.00. Following the completion of the acquisition, the chief executive officer now owns 242,987 shares of the company’s stock, valued at approximately $7,202,134.68. This trade represents a 2.53 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.27% of the stock is owned by insiders.

Bath & Body Works Price Performance

BBWI stock opened at $38.58 on Friday. The stock’s fifty day moving average price is $33.27 and its 200-day moving average price is $34.46. The company has a market cap of $8.36 billion, a P/E ratio of 9.41, a price-to-earnings-growth ratio of 1.44 and a beta of 1.83. Bath & Body Works, Inc. has a 1 year low of $26.20 and a 1 year high of $52.99.

Bath & Body Works (NYSE:BBWI) last posted its quarterly earnings data on Monday, November 25th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Bath & Body Works had a net margin of 12.43% and a negative return on equity of 44.03%. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the firm posted $0.48 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. As a group, analysts expect that Bath & Body Works, Inc. will post 3.26 earnings per share for the current year.

Bath & Body Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a $0.20 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.80 annualized dividend and a dividend yield of 2.07%. Bath & Body Works’s dividend payout ratio (DPR) is 19.51%.

Analysts Set New Price Targets

BBWI has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on Bath & Body Works from $51.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, November 21st. Evercore ISI dropped their price target on shares of Bath & Body Works from $45.00 to $35.00 and set an “in-line” rating on the stock in a research note on Wednesday, August 28th. Wells Fargo & Company raised their price objective on shares of Bath & Body Works from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. BMO Capital Markets reiterated an “outperform” rating and issued a $50.00 target price (down previously from $52.00) on shares of Bath & Body Works in a research note on Thursday, August 29th. Finally, TD Cowen raised their price target on shares of Bath & Body Works from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Bath & Body Works presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

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.