New Mexico Educational Retirement Board Purchases New Stake in Bath & Body Works, Inc. (NYSE:BBWI)

New Mexico Educational Retirement Board acquired a new position in Bath & Body Works, Inc. (NYSE:BBWI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 42,700 shares of the company's stock, valued at approximately $1,295,000.

Several other hedge funds also recently made changes to their positions in BBWI. Golden State Wealth Management LLC increased its position in shares of Bath & Body Works by 94.7% in the first quarter. Golden State Wealth Management LLC now owns 1,320 shares of the company's stock worth $40,000 after acquiring an additional 642 shares in the last quarter. UMB Bank n.a. grew its position in Bath & Body Works by 65.9% during the first quarter. UMB Bank n.a. now owns 1,501 shares of the company's stock valued at $46,000 after purchasing an additional 596 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Bath & Body Works by 109.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,629 shares of the company's stock valued at $63,000 after purchasing an additional 852 shares in the last quarter. Ancora Advisors LLC purchased a new position in Bath & Body Works during the fourth quarter valued at approximately $67,000. Finally, TD Private Client Wealth LLC grew its position in Bath & Body Works by 34.9% during the fourth quarter. TD Private Client Wealth LLC now owns 2,290 shares of the company's stock valued at $89,000 after purchasing an additional 593 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

Wall Street Analysts Forecast Growth

BBWI has been the topic of a number of research analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and set a $38.00 price objective (down from $43.00) on shares of Bath & Body Works in a research report on Thursday, May 29th. Morgan Stanley lowered their price objective on shares of Bath & Body Works from $49.00 to $43.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Wells Fargo & Company boosted their price objective on shares of Bath & Body Works from $40.00 to $44.00 and gave the company an "overweight" rating in a research report on Wednesday, May 14th. UBS Group boosted their target price on shares of Bath & Body Works from $32.00 to $36.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Bath & Body Works from $41.00 to $43.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Bath & Body Works has an average rating of "Moderate Buy" and a consensus target price of $42.00.

Bath & Body Works Trading Down 2.2%

Shares of NYSE:BBWI traded down $0.75 during mid-day trading on Friday, reaching $32.90. The stock had a trading volume of 5,319,464 shares, compared to its average volume of 5,247,948. The firm has a market cap of $6.96 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 1.10 and a beta of 1.72. The firm has a 50 day simple moving average of $30.08 and a two-hundred day simple moving average of $32.50. Bath & Body Works, Inc. has a twelve month low of $24.94 and a twelve month high of $41.87.

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

Bath & Body Works Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.80 annualized dividend and a dividend yield of 2.43%. Bath & Body Works's dividend 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.