Victory Capital Management Inc. Buys 6,752,274 Shares of Bath & Body Works, Inc. (NYSE:BBWI)

Victory Capital Management Inc. lifted its position in shares of Bath & Body Works, Inc. (NYSE:BBWI - Free Report) by 14,732.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,798,108 shares of the company's stock after acquiring an additional 6,752,274 shares during the quarter. Victory Capital Management Inc. owned approximately 3.19% of Bath & Body Works worth $206,119,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in Bath & Body Works by 48.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 211,120 shares of the company's stock worth $6,401,000 after purchasing an additional 68,515 shares during the period. Securian Asset Management Inc. purchased a new stake in shares of Bath & Body Works in the 1st quarter valued at about $499,000. CWM LLC raised its holdings in shares of Bath & Body Works by 105.7% in the 1st quarter. CWM LLC now owns 74,331 shares of the company's stock valued at $2,254,000 after acquiring an additional 38,196 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Bath & Body Works by 4.2% during the 1st quarter. New York State Common Retirement Fund now owns 523,592 shares of the company's stock valued at $15,875,000 after buying an additional 20,930 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in shares of Bath & Body Works by 235.8% during the 1st 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. Institutional investors own 95.14% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Barclays decreased their price objective on Bath & Body Works from $35.00 to $30.00 and set an "equal weight" rating on the stock in a report on Friday, May 30th. Telsey Advisory Group restated an "outperform" rating and set a $38.00 price target (down from $43.00) on shares of Bath & Body Works in a research report on Thursday, May 29th. JPMorgan Chase & Co. raised their price target on Bath & Body Works from $41.00 to $43.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Morgan Stanley cut their price objective on Bath & Body Works from $49.00 to $43.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Finally, UBS Group lifted their price objective 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. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.00.

Bath & Body Works Trading Down 1.3%

NYSE:BBWI traded down $0.39 during trading hours on Wednesday, reaching $30.80. 4,111,062 shares of the company traded hands, compared to its average volume of 5,254,441. The business's 50-day moving average price is $30.14 and its two-hundred day moving average price is $32.41. The stock has a market capitalization of $6.52 billion, a P/E ratio of 8.21, a P/E/G ratio of 1.07 and a beta of 1.72. Bath & Body Works, Inc. has a 1 year low of $24.94 and a 1 year high of $41.87.

Bath & Body Works (NYSE:BBWI - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm 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 was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 earnings per share. As a group, equities analysts anticipate that Bath & Body Works, Inc. will post 3.3 EPS for the current year.

Bath & Body Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date was Friday, June 6th. Bath & Body Works's dividend payout ratio (DPR) is presently 21.33%.

About Bath & Body Works

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.