Securian Asset Management Inc. Makes New $499,000 Investment in Bath & Body Works, Inc. (NYSE:BBWI)

Securian Asset Management Inc. acquired a new stake in Bath & Body Works, Inc. (NYSE:BBWI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,449 shares of the company's stock, valued at approximately $499,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its position in shares of Bath & Body Works by 105.7% in the first quarter. CWM LLC now owns 74,331 shares of the company's stock worth $2,254,000 after buying an additional 38,196 shares in the last quarter. New York State Common Retirement Fund lifted its position in Bath & Body Works by 4.2% during the first quarter. New York State Common Retirement Fund now owns 523,592 shares of the company's stock valued at $15,875,000 after purchasing an additional 20,930 shares during the period. Mutual of America Capital Management LLC increased its holdings in Bath & Body Works by 235.8% in the first quarter. Mutual of America Capital Management LLC now owns 111,471 shares of the company's stock valued at $3,380,000 after buying an additional 78,280 shares in the last quarter. Xponance Inc. increased its holdings in Bath & Body Works by 155.6% in the first quarter. Xponance Inc. now owns 25,326 shares of the company's stock valued at $768,000 after buying an additional 15,418 shares in the last quarter. Finally, State of Michigan Retirement System purchased a new stake in shares of Bath & Body Works during the first quarter worth about $1,571,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BBWI has been the topic of a number of recent analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $38.00 target price (down from $43.00) on shares of Bath & Body Works in a research report on Thursday, May 29th. Morgan Stanley lowered their price target on Bath & Body Works from $49.00 to $43.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. UBS Group boosted their target price on Bath & Body Works from $32.00 to $36.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. Wells Fargo & Company increased 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. Finally, Raymond James Financial cut their target price on Bath & Body Works from $46.00 to $37.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Bath & Body Works presently has an average rating of "Moderate Buy" and a consensus target price of $42.00.

Bath & Body Works Trading Up 1.9%

BBWI traded up $0.59 during trading on Monday, reaching $32.37. The stock had a trading volume of 4,529,186 shares, compared to its average volume of 5,259,108. The stock's 50 day moving average is $30.16 and its two-hundred day moving average is $32.21. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 8.63, a P/E/G ratio of 1.07 and a beta of 1.72. 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 results on Thursday, May 29th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. Bath & Body Works had a negative return on equity of 47.44% and a net margin of 11.10%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the business posted $0.38 earnings per share. Bath & Body Works's revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts predict that Bath & Body Works, Inc. will post 3.3 earnings per share for the current year.

Bath & Body Works Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Friday, June 6th. Bath & Body Works's dividend payout ratio is presently 21.33%.

Bath & Body Works Company 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.