HighTower Advisors LLC Purchases 11,850 Shares of Bath & Body Works, Inc. $BBWI

Key Points

• HighTower Advisors LLC increased its holdings in Bath & Body Works, Inc. by 212.7%, owning 17,422 shares worth $528,000 as of its latest SEC filing.
• Analyst ratings for Bath & Body Works show a consensus rating of "Moderate Buy", with Wells Fargo raising its target price from $40.00 to $44.00.
• The company announced a quarterly dividend of $0.20 per share, resulting in an annualized yield of 2.7% and a dividend payout ratio of 21.33%.

HighTower Advisors LLC raised its holdings in Bath & Body Works, Inc. (NYSE:BBWI - Free Report) by 212.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,422 shares of the company's stock after acquiring an additional 11,850 shares during the quarter. HighTower Advisors LLC's holdings in Bath & Body Works were worth $528,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. lifted its stake in shares of Bath & Body Works by 14,732.0% in the first quarter. Victory Capital Management Inc. now owns 6,798,108 shares of the company's stock worth $206,119,000 after buying an additional 6,752,274 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Bath & Body Works by 9.8% in the first quarter. Bank of New York Mellon Corp now owns 2,274,388 shares of the company's stock worth $68,959,000 after buying an additional 203,724 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Bath & Body Works by 50.4% in the fourth quarter. Bank of America Corp DE now owns 1,741,712 shares of the company's stock worth $67,526,000 after buying an additional 583,337 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Bath & Body Works by 3,642.2% in the first quarter. Assenagon Asset Management S.A. now owns 1,651,109 shares of the company's stock worth $50,062,000 after buying an additional 1,606,988 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Bath & Body Works by 36.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,437,418 shares of the company's stock worth $55,729,000 after buying an additional 380,942 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Bath & Body Works Stock Up 3.6%

Bath & Body Works stock traded up $1.09 on Thursday, hitting $31.65. The company's stock had a trading volume of 1,316,125 shares, compared to its average volume of 5,194,774. The firm has a market cap of $6.53 billion, a P/E ratio of 9.39, a price-to-earnings-growth ratio of 0.98 and a beta of 1.49. The company has a fifty day moving average price of $30.69 and a 200-day moving average price of $30.68. Bath & Body Works, Inc. has a one year low of $24.94 and a one year high of $41.87.

Bath & Body Works (NYSE:BBWI - Get Free Report) last announced 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 analyst estimates of $1.55 billion. Bath & Body Works had a net margin of 9.88% and a negative return on equity of 48.43%. The business's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Analysts anticipate that Bath & Body Works, Inc. will post 3.3 EPS for the current year.

Bath & Body Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 22nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, August 22nd. Bath & Body Works's payout ratio is 23.74%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BBWI shares. The Goldman Sachs Group reduced their price objective on shares of Bath & Body Works from $44.00 to $43.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Wells Fargo & Company upped their target price on shares of Bath & Body Works from $40.00 to $44.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. Barclays upped their target price on shares of Bath & Body Works from $30.00 to $32.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. Telsey Advisory Group reiterated an "outperform" rating and set a $38.00 target price on shares of Bath & Body Works in a research note on Thursday, August 28th. 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. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Bath & Body Works presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.62.

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.