New York State Teachers Retirement System cut its position in shares of Bath & Body Works, Inc. (NYSE:BBWI - Free Report) by 9.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 239,140 shares of the company's stock after selling 25,752 shares during the period. New York State Teachers Retirement System owned approximately 0.11% of Bath & Body Works worth $7,251,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. SRS Capital Advisors Inc. lifted its stake in shares of Bath & Body Works by 99.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 659 shares of the company's stock valued at $26,000 after purchasing an additional 329 shares during the last quarter. Lindbrook Capital LLC increased its holdings in Bath & Body Works by 81.9% during the 4th quarter. Lindbrook Capital LLC now owns 957 shares of the company's stock worth $37,000 after purchasing an additional 431 shares during the period. Smartleaf Asset Management LLC increased its holdings in Bath & Body Works by 135.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,013 shares of the company's stock worth $39,000 after purchasing an additional 582 shares during the period. Golden State Wealth Management LLC increased its holdings in Bath & Body Works by 94.7% during 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 during the period. Finally, UMB Bank n.a. increased its holdings in Bath & Body Works by 65.9% during the 1st quarter. UMB Bank n.a. now owns 1,501 shares of the company's stock worth $46,000 after purchasing an additional 596 shares during the period. 95.14% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
BBWI has been the topic of several research reports. Piper Sandler set a $39.00 price objective on Bath & Body Works and gave the stock an "overweight" rating in a report on Thursday, May 15th. UBS Group lifted their price target on Bath & Body Works from $32.00 to $36.00 and gave the company a "neutral" rating in a report on Tuesday, May 20th. The Goldman Sachs Group cut their price target on Bath & Body Works from $44.00 to $43.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Raymond James Financial dropped their target price on Bath & Body Works from $46.00 to $37.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Finally, Wells Fargo & Company boosted their target price on Bath & Body Works from $40.00 to $44.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Bath & Body Works has a consensus rating of "Moderate Buy" and a consensus price target of $42.00.
Read Our Latest Report on Bath & Body Works
Bath & Body Works Stock Performance
Shares of BBWI opened at $33.14 on Friday. The stock has a market cap of $7.01 billion, a P/E ratio of 8.84, a P/E/G ratio of 1.11 and a beta of 1.72. The stock has a 50-day moving average of $29.84 and a two-hundred day moving average of $32.74. 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 issued its quarterly earnings data on Thursday, May 29th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.42 billion. Bath & Body Works had a negative return on equity of 47.44% and a net margin of 11.10%. The company's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. Analysts predict that Bath & Body Works, Inc. will post 3.3 EPS for the current fiscal year.
Bath & Body Works Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a $0.20 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.80 dividend on an annualized basis and a yield of 2.41%. Bath & Body Works's payout ratio is 21.33%.
Bath & Body Works Company Profile
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Free Report)
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.
Further Reading

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