Fuller & Thaler Asset Management Inc. Acquires 1,973,679 Shares of Bath & Body Works, Inc. $BBWI

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Bath & Body Works by 115.7%, purchasing 1,973,679 shares to own a total of 3,680,104 shares worth approximately $111.58 million.
• Bath & Body Works reported a quarterly EPS of $0.49, surpassing analyst expectations of $0.47, with total revenue of $1.40 billion, slightly below estimates.
• The company declared a quarterly dividend of $0.20 per share, representing an annualized dividend yield of 2.8%.

Fuller & Thaler Asset Management Inc. raised its holdings in shares of Bath & Body Works, Inc. (NYSE:BBWI - Free Report) by 115.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,680,104 shares of the company's stock after acquiring an additional 1,973,679 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 1.73% of Bath & Body Works worth $111,581,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Northwest Bank & Trust Co lifted its holdings in shares of Bath & Body Works by 2.9% during the 4th quarter. Northwest Bank & Trust Co now owns 14,700 shares of the company's stock valued at $533,000 after purchasing an additional 419 shares during the last quarter. Blue Trust Inc. grew its position in shares of Bath & Body Works by 15.5% during the 1st quarter. Blue Trust Inc. now owns 4,184 shares of the company's stock valued at $127,000 after acquiring an additional 560 shares during the period. UMB Bank n.a. boosted its holdings in Bath & Body Works by 65.9% in the 1st quarter. UMB Bank n.a. now owns 1,501 shares of the company's stock worth $46,000 after buying an additional 596 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Bath & Body Works by 0.7% in the 1st quarter. Natixis Advisors LLC now owns 90,089 shares of the company's stock worth $2,732,000 after buying an additional 629 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its stake in Bath & Body Works by 94.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,320 shares of the company's stock worth $40,000 after purchasing an additional 642 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on BBWI shares. Barclays cut their target price on Bath & Body Works from $35.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Friday, May 30th. JPMorgan Chase & Co. upped their price objective on shares of Bath & Body Works from $40.00 to $46.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. The Goldman Sachs Group cut their price target on shares of Bath & Body Works from $44.00 to $43.00 and set a "buy" rating for the company in a report on Friday, May 30th. Piper Sandler set a $39.00 target price on shares of Bath & Body Works and gave the company an "overweight" rating in a report on Thursday, May 15th. Finally, UBS Group increased their price target on shares of Bath & Body Works from $32.00 to $36.00 and gave the company a "neutral" rating in a research report on Tuesday, May 20th. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $42.06.

Bath & Body Works Stock Performance

Shares of NYSE:BBWI traded up $1.6350 during trading on Friday, reaching $31.0550. The company had a trading volume of 4,792,106 shares, compared to its average volume of 5,087,271. The firm's fifty day moving average is $30.19 and its 200 day moving average is $31.08. Bath & Body Works, Inc. has a twelve month low of $24.94 and a twelve month high of $41.87. The firm has a market capitalization of $6.57 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 0.99 and a beta of 1.54.

Bath & Body Works (NYSE:BBWI - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates 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 firm's revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. Bath & Body Works has set its Q2 2025 guidance at 0.330-0.380 EPS. Equities analysts predict that Bath & Body Works, Inc. will post 3.3 earnings per share 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. Shareholders of record on Friday, August 22nd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, August 22nd. 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.