Nuveen LLC Acquires New Shares in Bath & Body Works, Inc. $BBWI

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Nuveen LLC acquired a new position in shares of Bath & Body Works, Inc. (NYSE:BBWI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 767,573 shares of the company's stock, valued at approximately $23,273,000. Nuveen LLC owned approximately 0.36% of Bath & Body Works as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in Bath & Body Works in the 1st quarter valued at $552,000. Entropy Technologies LP boosted its stake in Bath & Body Works by 15.8% in the first quarter. Entropy Technologies LP now owns 38,039 shares of the company's stock valued at $1,153,000 after buying an additional 5,193 shares in the last quarter. Everett Harris & Co. CA raised its position in Bath & Body Works by 47.5% in the first quarter. Everett Harris & Co. CA now owns 92,935 shares of the company's stock valued at $2,818,000 after purchasing an additional 29,948 shares during the last quarter. Headlands Technologies LLC bought a new position in Bath & Body Works in the first quarter valued at about $234,000. Finally, 1834 Investment Advisors Co. raised its position in Bath & Body Works by 4.9% in the first quarter. 1834 Investment Advisors Co. now owns 16,736 shares of the company's stock valued at $507,000 after purchasing an additional 779 shares during the last quarter. Institutional investors own 95.14% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Barclays lowered their price objective on Bath & Body Works from $35.00 to $30.00 and set an "equal weight" rating for the company in a research report on Friday, May 30th. Citigroup lowered their price objective on Bath & Body Works from $42.00 to $40.00 and set a "buy" rating for the company in a research report on Tuesday. UBS Group lifted their target price on Bath & Body Works from $32.00 to $36.00 and gave the stock a "neutral" rating in a report on Tuesday, May 20th. Piper Sandler set a $39.00 target price on Bath & Body Works and gave the stock an "overweight" rating in a report on Thursday, May 15th. Finally, Wells Fargo & Company lifted their target price on Bath & Body Works from $40.00 to $44.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. Fourteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $42.06.

Bath & Body Works Stock Up 6.1%

Bath & Body Works stock traded up $1.7850 during mid-day trading on Friday, reaching $31.0050. 3,051,441 shares of the company's stock were exchanged, compared to its average volume of 5,075,722. The business's fifty day simple moving average is $30.19 and its 200 day simple moving average is $31.08. The firm has a market capitalization of $6.56 billion, a PE ratio of 8.27, a P/E/G ratio of 0.99 and a beta of 1.54. 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 earnings results 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 firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.42 billion. Bath & Body Works had a negative return on equity of 47.44% and a net margin of 11.10%.The business's revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. Bath & Body Works has set its Q2 2025 guidance at 0.330-0.380 EPS. On average, sell-side analysts forecast that Bath & Body Works, Inc. will post 3.3 earnings per share for the current year.

Bath & Body Works Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 22nd will be paid a $0.20 dividend. The ex-dividend date is Friday, August 22nd. This represents a $0.80 annualized dividend and a dividend yield of 2.6%. Bath & Body Works's payout ratio 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.