Partnership Wealth Management LLC Takes $733,000 Position in Bath & Body Works, Inc. (NYSE:BBWI)

Partnership Wealth Management LLC bought a new position in Bath & Body Works, Inc. (NYSE:BBWI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 17,179 shares of the company's stock, valued at approximately $733,000.

Several other hedge funds also recently made changes to their positions in the company. Denali Advisors LLC purchased a new stake in Bath & Body Works in the 4th quarter worth approximately $27,000. GAMMA Investing LLC purchased a new stake in Bath & Body Works in the fourth quarter worth $27,000. Front Row Advisors LLC purchased a new stake in Bath & Body Works in the third quarter worth $25,000. Trust Co. of Vermont bought a new stake in Bath & Body Works in the third quarter valued at $27,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in Bath & Body Works during the 4th quarter valued at $35,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Telsey Advisory Group restated an "outperform" rating and issued a $53.00 target price on shares of Bath & Body Works in a research note on Friday, April 5th. BMO Capital Markets boosted their target price on shares of Bath & Body Works from $48.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, March 1st. UBS Group increased their price target on shares of Bath & Body Works from $46.00 to $52.00 and gave the stock a "neutral" rating in a research note on Monday, March 4th. Piper Sandler lifted their price target on shares of Bath & Body Works from $44.00 to $45.00 and gave the company a "neutral" rating in a research report on Tuesday, April 9th. Finally, The Goldman Sachs Group upped their price objective on shares of Bath & Body Works from $49.00 to $56.00 and gave the stock a "buy" rating in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Bath & Body Works currently has a consensus rating of "Hold" and a consensus target price of $46.73.

Bath & Body Works Stock Performance

Shares of Bath & Body Works stock traded down $1.01 on Friday, hitting $47.55. 1,698,249 shares of the company's stock were exchanged, compared to its average volume of 2,438,141. Bath & Body Works, Inc. has a 1 year low of $27.30 and a 1 year high of $50.34. The company has a 50-day simple moving average of $46.16 and a 200-day simple moving average of $41.69. The stock has a market capitalization of $10.69 billion, a PE ratio of 12.35, a PEG ratio of 1.54 and a beta of 1.89.

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

Insiders Place Their Bets

In related news, insider Thomas E. Mazurek sold 4,285 shares of Bath & Body Works stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $48.89, for a total transaction of $209,493.65. Following the sale, the insider now 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 can be accessed through the SEC website. 0.19% of the stock is currently owned by company insiders.

About Bath & Body Works

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.

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