Swiss National Bank Has $29.24 Million Stock Position in Bath & Body Works, Inc. (NYSE:BBWI)

Swiss National Bank trimmed its holdings in shares of Bath & Body Works, Inc. (NYSE:BBWI - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 677,400 shares of the company's stock after selling 22,200 shares during the period. Swiss National Bank owned about 0.30% of Bath & Body Works worth $29,237,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BBWI. Darsana Capital Partners LP acquired a new stake in Bath & Body Works in the 3rd quarter valued at $76,050,000. Earnest Partners LLC lifted its position in Bath & Body Works by 1,055,015.7% during the 3rd quarter. Earnest Partners LLC now owns 1,276,690 shares of the company's stock worth $43,152,000 after acquiring an additional 1,276,569 shares in the last quarter. Newport Trust Company LLC purchased a new position in Bath & Body Works in the 3rd quarter worth approximately $24,721,000. Victory Capital Management Inc. grew its position in Bath & Body Works by 339.0% in the third quarter. Victory Capital Management Inc. now owns 638,806 shares of the company's stock valued at $21,592,000 after acquiring an additional 493,297 shares in the last quarter. Finally, Sound Shore Management Inc CT purchased a new stake in shares of Bath & Body Works during the third quarter valued at approximately $13,424,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BBWI has been the topic of a number of recent analyst reports. Evercore ISI boosted their price objective on shares of Bath & Body Works from $30.00 to $45.00 and gave the stock an "in-line" rating in a report on Friday, March 1st. BMO Capital Markets lifted their price objective on Bath & Body Works from $48.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, March 1st. Wells Fargo & Company raised their price target on shares of Bath & Body Works from $42.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 24th. Piper Sandler increased their price objective on shares of Bath & Body Works from $44.00 to $45.00 and gave the company a "neutral" rating in a research note on Tuesday, April 9th. Finally, TD Cowen upped their target price on shares of Bath & Body Works from $35.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $46.73.

Bath & Body Works Trading Up 2.0 %

BBWI traded up $0.94 during trading hours on Thursday, hitting $48.56. The company's stock had a trading volume of 2,041,390 shares, compared to its average volume of 2,727,121. Bath & Body Works, Inc. has a fifty-two week low of $27.30 and a fifty-two week high of $50.34. The company has a 50-day simple moving average of $46.07 and a 200 day simple moving average of $41.43. The firm has a market capitalization of $10.92 billion, a PE ratio of 12.37, a PEG ratio of 1.49 and a beta of 1.89.

Bath & Body Works (NYSE:BBWI - Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported $2.06 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.21. The business had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $2.84 billion. Bath & Body Works had a net margin of 11.82% and a negative return on equity of 37.01%. The company's revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 earnings per share. Research analysts expect that Bath & Body Works, Inc. will post 3.3 earnings per share for the current fiscal year.

Bath & Body Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Thursday, February 22nd. Bath & Body Works's dividend payout ratio is presently 20.78%.

Insider Activity at Bath & Body Works

In other Bath & Body Works news, insider Thomas E. Mazurek sold 4,285 shares of the company's stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $48.89, for a total value of $209,493.65. Following the completion of the sale, the insider now directly owns 45,992 shares of the company's stock, valued at approximately $2,248,548.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.19% of the company's stock.

Bath & Body Works Profile

Bath & Body Works, Inc operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. It sells its products under the Bath & Body Works, White Barn, and other brand names through retail stores and e-commerce sites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements.