Maryland State Retirement & Pension System Sells 75,246 Shares of Bath & Body Works, Inc. $BBWI

Maryland State Retirement & Pension System reduced its stake in shares of Bath & Body Works, Inc. (NYSE:BBWI - Free Report) by 88.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,245 shares of the company's stock after selling 75,246 shares during the quarter. Maryland State Retirement & Pension System's holdings in Bath & Body Works were worth $311,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in BBWI. LPL Financial LLC boosted its holdings in shares of Bath & Body Works by 48.3% during the fourth quarter. LPL Financial LLC now owns 26,117 shares of the company's stock worth $1,013,000 after purchasing an additional 8,511 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Bath & Body Works by 21.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 168,736 shares of the company's stock worth $6,542,000 after purchasing an additional 30,042 shares during the period. Mariner LLC boosted its holdings in shares of Bath & Body Works by 14.1% during the fourth quarter. Mariner LLC now owns 23,366 shares of the company's stock worth $906,000 after purchasing an additional 2,887 shares during the period. Marshall Wace LLP acquired a new stake in Bath & Body Works in the fourth quarter valued at approximately $628,000. Finally, Canada Pension Plan Investment Board lifted its stake in Bath & Body Works by 43.7% in the fourth quarter. Canada Pension Plan Investment Board now owns 77,300 shares of the company's stock valued at $2,997,000 after acquiring an additional 23,500 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on BBWI shares. Barclays reduced their target price on shares of Bath & Body Works from $35.00 to $30.00 and set an "equal weight" rating for the company in a research note on Friday, May 30th. Telsey Advisory Group reiterated an "outperform" rating and issued a $38.00 target price on shares of Bath & Body Works in a research note on Thursday. Citigroup reduced their target price on shares of Bath & Body Works from $42.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday. UBS Group lifted their target price on shares of Bath & Body Works from $32.00 to $36.00 and gave the company a "neutral" rating in a research note on Tuesday, May 20th. Finally, Piper Sandler set a $39.00 target price on shares of Bath & Body Works and gave the company an "overweight" rating in a research note on Thursday, May 15th. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $42.06.

Bath & Body Works Price Performance

Shares of Bath & Body Works stock traded up $1.7320 during midday trading on Friday, hitting $30.9520. The company had a trading volume of 1,154,408 shares, compared to its average volume of 5,063,134. The business's 50 day simple moving average is $30.19 and its two-hundred day simple moving average is $31.08. The stock has a market cap of $6.55 billion, a PE ratio of 8.25, a P/E/G ratio of 0.99 and a beta of 1.54. Bath & Body Works, Inc. has a 1-year low of $24.94 and a 1-year high of $41.87.

Bath & Body Works (NYSE:BBWI - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The business 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%. Bath & Body Works's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company posted $0.38 earnings per share. Bath & Body Works has set its Q2 2025 guidance at 0.330-0.380 EPS. On average, sell-side analysts expect that Bath & Body Works, Inc. will post 3.3 EPS for the current fiscal year.

Bath & Body Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be paid a $0.20 dividend. The ex-dividend date is Friday, August 22nd. This represents a $0.80 annualized dividend and a dividend yield of 2.6%. Bath & Body Works's dividend payout ratio (DPR) is presently 21.33%.

Bath & Body Works 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.