Gotham Asset Management LLC Acquires 140,884 Shares of Bath & Body Works, Inc. $BBWI

Key Points

• Gotham Asset Management LLC has increased its stake in Bath & Body Works by 26.2%, now holding approximately 678,773 shares worth around $20.58 million.
• Bath & Body Works recently reported its earnings, with a net revenue of $1.55 billion for the quarter, consistent with analyst estimates, but down 0.8% year-over-year.
• The company announced a quarterly dividend of $0.20, yielding 2.5%, with a declared payout ratio of 23.74%.

Gotham Asset Management LLC raised its position in shares of Bath & Body Works, Inc. (NYSE:BBWI - Free Report) by 26.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 678,773 shares of the company's stock after purchasing an additional 140,884 shares during the quarter. Gotham Asset Management LLC owned about 0.32% of Bath & Body Works worth $20,580,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SVB Wealth LLC bought a new stake in shares of Bath & Body Works during the 1st quarter worth $35,000. Golden State Wealth Management LLC raised its holdings in shares of Bath & Body Works by 94.7% during 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. raised its holdings in shares of Bath & Body Works by 65.9% during the first quarter. UMB Bank n.a. now owns 1,501 shares of the company's stock worth $46,000 after acquiring an additional 596 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of Bath & Body Works during the fourth quarter worth $67,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of Bath & Body Works during the first quarter worth $69,000. 95.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays raised their target price on Bath & Body Works from $30.00 to $32.00 and gave the company an "equal weight" rating in a report on Friday, August 29th. Telsey Advisory Group reissued an "outperform" rating and set a $38.00 target price on shares of Bath & Body Works in a research report on Thursday, August 28th. Piper Sandler set a $39.00 target price on Bath & Body Works and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Wall Street Zen downgraded Bath & Body Works from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Wells Fargo & Company lifted their price objective on Bath & Body Works from $40.00 to $44.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Bath & Body Works has a consensus rating of "Moderate Buy" and a consensus price target of $41.62.

Bath & Body Works Stock Down 0.8%

Bath & Body Works stock traded down $0.24 during mid-day trading on Tuesday, hitting $28.24. 5,894,074 shares of the company's stock were exchanged, compared to its average volume of 5,305,078. The firm has a market capitalization of $5.82 billion, a P/E ratio of 8.38, a PEG ratio of 1.01 and a beta of 1.49. Bath & Body Works, Inc. has a fifty-two week low of $24.94 and a fifty-two week high of $41.87. The company's 50 day simple moving average is $30.70 and its 200-day simple moving average is $30.38.

Bath & Body Works (NYSE:BBWI - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.55 billion. Bath & Body Works had a negative return on equity of 48.43% and a net margin of 9.88%.The company's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. Bath & Body Works has set its Q3 2025 guidance at 0.370-0.45 EPS. FY 2025 guidance at 3.350-3.600 EPS. Research analysts expect that Bath & Body Works, Inc. will post 3.3 EPS for the current year.

Bath & Body Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, August 22nd. Bath & Body Works's payout ratio is currently 23.74%.

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.