Teachers Retirement System of The State of Kentucky Has $1.98 Million Stock Holdings in Bath & Body Works, Inc. (NYSE:BBWI)

Teachers Retirement System of The State of Kentucky trimmed its stake in shares of Bath & Body Works, Inc. (NYSE:BBWI - Free Report) by 11.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,346 shares of the company's stock after selling 8,530 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Bath & Body Works were worth $1,981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of BBWI. Golden State Wealth Management LLC raised 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 last quarter. UMB Bank n.a. raised its stake 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 buying an additional 596 shares during the period. Ancora Advisors LLC acquired a new position in Bath & Body Works in the fourth quarter valued at about $67,000. TD Private Client Wealth LLC increased its holdings in shares of Bath & Body Works by 34.9% in the fourth quarter. TD Private Client Wealth LLC now owns 2,290 shares of the company's stock worth $89,000 after acquiring an additional 593 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Bath & Body Works during the 4th quarter valued at about $122,000. 95.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BBWI. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $38.00 price target (down previously from $43.00) on shares of Bath & Body Works in a research note on Thursday, May 29th. Morgan Stanley dropped their price target on Bath & Body Works from $49.00 to $43.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Citigroup boosted their price target on Bath & Body Works from $36.00 to $42.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Wells Fargo & Company increased their price objective 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 note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Bath & Body Works presently has a consensus rating of "Moderate Buy" and an average target price of $42.00.

Bath & Body Works Trading Down 4.8%

NYSE BBWI traded down $1.58 during midday trading on Thursday, hitting $31.43. The company had a trading volume of 4,828,761 shares, compared to its average volume of 4,622,465. Bath & Body Works, Inc. has a twelve month low of $24.94 and a twelve month high of $41.87. The company has a market capitalization of $6.65 billion, a PE ratio of 8.38, a P/E/G ratio of 1.11 and a beta of 1.72. The firm has a 50-day moving average price of $30.06 and a 200-day moving average price of $32.15.

Bath & Body Works (NYSE:BBWI - Get Free Report) last announced its quarterly earnings data 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 net margin of 11.10% and a negative return on equity of 47.44%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the company posted $0.38 earnings per share. The business's revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities 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 disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.55%. The ex-dividend date was Friday, June 6th. Bath & Body Works's dividend payout ratio (DPR) 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.