18,196 Shares in Bath & Body Works, Inc. $BBWI Acquired by Virtu Financial LLC

Key Points

• Virtu Financial LLC acquired 18,196 shares of Bath & Body Works, Inc., valued at approximately $552,000, during the first quarter of the year.
• Bath & Body Works recently declared a $0.20 quarterly dividend, with an annualized dividend yield of 2.7%.
• The company reported earnings of $0.49 EPS, outperforming analysts' expectations, although its revenue of $1.40 billion fell short of estimates of $1.42 billion.

Virtu Financial LLC purchased 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,196 shares of the company's stock, valued at approximately $552,000.

A number of other hedge funds have also recently added to or reduced their stakes in BBWI. T. Rowe Price Investment Management Inc. boosted its stake in shares of Bath & Body Works by 4.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,235,086 shares of the company's stock valued at $396,815,000 after purchasing an additional 422,973 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Bath & Body Works by 5.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,494,089 shares of the company's stock worth $329,317,000 after buying an additional 445,887 shares during the period. Victory Capital Management Inc. raised its stake in shares of Bath & Body Works by 14,732.0% during the first quarter. Victory Capital Management Inc. now owns 6,798,108 shares of the company's stock valued at $206,119,000 after acquiring an additional 6,752,274 shares during the last quarter. Anomaly Capital Management LP lifted its holdings in shares of Bath & Body Works by 38.3% during the fourth quarter. Anomaly Capital Management LP now owns 4,860,876 shares of the company's stock worth $188,456,000 after purchasing an additional 1,346,752 shares during the period. Finally, D1 Capital Partners L.P. acquired a new position in shares of Bath & Body Works during the fourth quarter worth $109,797,000. Institutional investors own 95.14% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on BBWI shares. JPMorgan Chase & Co. raised their target price on Bath & Body Works from $40.00 to $46.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Wall Street Zen downgraded shares of Bath & Body Works from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Piper Sandler set a $39.00 price objective on shares of Bath & Body Works and gave the company an "overweight" rating in a research note on Thursday, May 15th. Barclays lowered their target price on shares of Bath & Body Works from $35.00 to $30.00 and set an "equal weight" rating for the company in a research note on Friday, May 30th. Finally, The Goldman Sachs Group cut their price target on shares of Bath & Body Works from $44.00 to $43.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $42.19.

Bath & Body Works Price Performance

BBWI stock traded up $1.51 during mid-day trading on Monday, reaching $30.19. 2,778,235 shares of the company traded hands, compared to its average volume of 5,079,915. The company has a fifty day moving average price of $29.92 and a 200-day moving average price of $31.21. Bath & Body Works, Inc. has a 52-week low of $24.94 and a 52-week high of $41.87. The company has a market capitalization of $6.39 billion, a P/E ratio of 8.05, a P/E/G ratio of 0.96 and a beta of 1.54.

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, beating 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 firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the company posted $0.38 EPS. The company's revenue for the quarter was up 2.9% on a year-over-year basis. As a group, analysts forecast that Bath & Body Works, Inc. will post 3.3 EPS for the current year.

Bath & Body Works Dividend Announcement

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