41,177 Shares in Bath & Body Works, Inc. $BBWI Acquired by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd has acquired 41,177 shares of Bath & Body Works, Inc. for approximately $1.314 million, marking a significant investment in the company.
• Bath & Body Works reported quarterly earnings of $0.37 per share, meeting analysts' expectations, but the company's revenue decreased by 0.8% year-over-year.
• The company announced a quarterly dividend of $0.20 per share, translating to an annual dividend of $0.80 and a yield of 2.9%.

IFM Investors Pty Ltd bought a new stake in Bath & Body Works, Inc. (NYSE:BBWI - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 41,177 shares of the company's stock, valued at approximately $1,314,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased its position in Bath & Body Works by 7.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 11,016,767 shares of the company's stock worth $334,029,000 after purchasing an additional 781,681 shares during the last quarter. Victory Capital Management Inc. increased its position in Bath & Body Works by 14,732.0% during the first quarter. Victory Capital Management Inc. now owns 6,798,108 shares of the company's stock worth $206,119,000 after purchasing an additional 6,752,274 shares during the last quarter. Alliancebernstein L.P. increased its position in Bath & Body Works by 4.7% during the first quarter. Alliancebernstein L.P. now owns 5,422,058 shares of the company's stock worth $164,397,000 after purchasing an additional 243,611 shares during the last quarter. AQR Capital Management LLC increased its position in Bath & Body Works by 267.8% during the first quarter. AQR Capital Management LLC now owns 3,993,173 shares of the company's stock worth $121,073,000 after purchasing an additional 2,907,506 shares during the last quarter. Finally, GMT Capital Corp increased its position in Bath & Body Works by 7.3% during the first quarter. GMT Capital Corp now owns 3,737,700 shares of the company's stock worth $113,327,000 after purchasing an additional 255,600 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Bath & Body Works Price Performance

Shares of NYSE BBWI traded up $0.65 during midday trading on Thursday, hitting $26.38. The company's stock had a trading volume of 2,884,481 shares, compared to its average volume of 5,341,600. The business's fifty day simple moving average is $29.89 and its two-hundred day simple moving average is $29.93. Bath & Body Works, Inc. has a 1 year low of $24.94 and a 1 year high of $41.87. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 7.81, a price-to-earnings-growth ratio of 0.89 and a beta of 1.49.

Bath & Body Works (NYSE:BBWI - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. Bath & Body Works had a net margin of 9.88% and a negative return on equity of 48.43%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the firm posted $0.37 earnings per share. The business's revenue for the quarter was down .8% compared to the same quarter last year. 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 fiscal year.

Bath & Body Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $0.80 annualized dividend and a dividend yield of 3.0%. Bath & Body Works's dividend payout ratio (DPR) is presently 23.74%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BBWI shares. The Goldman Sachs Group cut 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 report on Friday, May 30th. Barclays raised their price objective on shares of Bath & Body Works from $30.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Friday, August 29th. Morgan Stanley dropped their price target on shares of Bath & Body Works from $19.00 to $18.00 and set an "overweight" rating for the company in a research report on Friday, September 12th. JPMorgan Chase & Co. lifted their price target on shares of Bath & Body Works from $40.00 to $46.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $38.00 price target on shares of Bath & Body Works in a research report on Thursday, August 28th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.69.

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.