Picton Mahoney Asset Management Purchases Shares of 12,176 Bath & Body Works, Inc. (NYSE:BBWI)

Picton Mahoney Asset Management bought a new stake in Bath & Body Works, Inc. (NYSE:BBWI - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 12,176 shares of the company's stock, valued at approximately $369,000.

A number of other large investors have also recently modified their holdings of BBWI. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Bath & Body Works by 1.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,593 shares of the company's stock valued at $1,625,000 after acquiring an additional 809 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Bath & Body Works by 8.9% during the 1st quarter. Cetera Investment Advisers now owns 27,091 shares of the company's stock valued at $821,000 after acquiring an additional 2,214 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Bath & Body Works by 22.8% during the 1st quarter. Royce & Associates LP now owns 40,423 shares of the company's stock valued at $1,226,000 after acquiring an additional 7,505 shares in the last quarter. Legato Capital Management LLC acquired a new stake in shares of Bath & Body Works during the 1st quarter valued at $663,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Bath & Body Works during the 1st quarter valued at $807,000. Institutional investors and hedge funds own 95.14% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BBWI shares. UBS Group raised their price objective on Bath & Body Works from $32.00 to $36.00 and gave the company a "neutral" rating in a report on Tuesday, May 20th. Barclays cut their price objective on Bath & Body Works from $35.00 to $30.00 and set an "equal weight" rating on the stock in a report on Friday, May 30th. Wall Street Zen raised Bath & Body Works from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. The Goldman Sachs Group lowered their target price on Bath & Body Works from $44.00 to $43.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Finally, Citigroup raised their target price on Bath & Body Works from $36.00 to $42.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.19.

Bath & Body Works Stock Performance

Shares of BBWI stock traded down $0.81 during mid-day trading on Friday, hitting $28.15. The company's stock had a trading volume of 8,824,095 shares, compared to its average volume of 4,515,115. The company's fifty day simple moving average is $29.81 and its 200-day simple moving average is $31.88. Bath & Body Works, Inc. has a 52 week low of $24.94 and a 52 week high of $41.87. The company has a market cap of $5.96 billion, a PE ratio of 7.51, a P/E/G ratio of 0.96 and a beta of 1.54.

Bath & Body Works (NYSE:BBWI - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.02. Bath & Body Works had a negative return on equity of 47.44% and a net margin of 11.10%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the company posted $0.38 EPS. The firm's revenue was up 2.9% compared to the same quarter last year. On average, equities analysts anticipate that Bath & Body Works, Inc. will post 3.3 earnings per share for the current year.

Bath & Body Works Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, June 6th. Bath & Body Works's payout ratio is presently 21.33%.

Bath & Body Works Company Profile

Bath & Body Works, Inc is a specialty retailers and home to America's Favorite Fragrances, offering a breadth of exclusive fragrances for the body and home, including the selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap.