Yarger Wealth Strategies LLC Increases Stake in Bath & Body Works, Inc. (NYSE:BBWI)

Yarger Wealth Strategies LLC lifted its holdings in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 9.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 27,546 shares of the company’s stock after purchasing an additional 2,385 shares during the period. Yarger Wealth Strategies LLC’s holdings in Bath & Body Works were worth $1,068,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in shares of Bath & Body Works by 0.7% during the second quarter. American Century Companies Inc. now owns 255,612 shares of the company’s stock valued at $9,982,000 after buying an additional 1,831 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Bath & Body Works by 14.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 36,429 shares of the company’s stock valued at $1,414,000 after acquiring an additional 4,632 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Bath & Body Works by 275.1% during the 2nd quarter. Federated Hermes Inc. now owns 3,620 shares of the company’s stock valued at $141,000 after acquiring an additional 2,655 shares during the period. Envestnet Asset Management Inc. grew its position in Bath & Body Works by 5.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 140,300 shares of the company’s stock worth $5,479,000 after acquiring an additional 7,611 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in 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 during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

BBWI has been the subject of a number of analyst reports. Argus reissued a “hold” rating on shares of Bath & Body Works in a research note on Friday, January 10th. Barclays raised their price target on shares of Bath & Body Works from $28.00 to $34.00 and gave the stock an “underweight” rating in a report on Tuesday, November 26th. TD Cowen upped their price objective on shares of Bath & Body Works from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft raised their target price on Bath & Body Works from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $42.00 price objective on shares of Bath & Body Works in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.06.

Bath & Body Works Price Performance

BBWI opened at $36.63 on Friday. Bath & Body Works, Inc. has a 1 year low of $26.20 and a 1 year high of $52.99. The stock has a 50-day moving average price of $36.16 and a 200-day moving average price of $33.69. The firm has a market cap of $7.93 billion, a PE ratio of 8.94, a P/E/G ratio of 0.98 and a beta of 1.82.

Bath & Body Works (NYSE:BBWI) last issued its earnings results on Monday, November 25th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the company earned $0.48 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Bath & Body Works, Inc. will post 3.26 EPS for the current year.

Bath & Body Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.80 annualized dividend and a yield of 2.18%. Bath & Body Works’s dividend payout ratio (DPR) is presently 19.51%.

About Bath & Body Works

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.