Bath & Body Works, Inc. (NYSE:BBWI) Stock Holdings Increased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its position in shares of Bath & Body Works, Inc. (NYSE:BBWI - Free Report) by 334.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,876 shares of the company's stock after acquiring an additional 56,890 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Bath & Body Works were worth $2,864,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BBWI. SRS Capital Advisors Inc. raised its holdings in Bath & Body Works by 99.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 659 shares of the company's stock worth $26,000 after purchasing an additional 329 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Bath & Body Works in the 4th quarter worth about $26,000. UMB Bank n.a. increased its position in shares of Bath & Body Works by 58.8% during the fourth quarter. UMB Bank n.a. now owns 905 shares of the company's stock valued at $35,000 after buying an additional 335 shares during the period. Lindbrook Capital LLC raised its position in shares of Bath & Body Works by 81.9% in the 4th quarter. Lindbrook Capital LLC now owns 957 shares of the company's stock worth $37,000 after acquiring an additional 431 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Bath & Body Works by 135.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,013 shares of the company's stock valued at $39,000 after purchasing an additional 582 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of Bath & Body Works from $49.00 to $42.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Barclays dropped their target price on Bath & Body Works from $43.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Robert W. Baird upped their target price on shares of Bath & Body Works from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. Cowen reiterated a "buy" rating on shares of Bath & Body Works in a report on Thursday, February 27th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $43.00 price objective on shares of Bath & Body Works in a report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $42.69.

Bath & Body Works Trading Down 2.4 %

BBWI traded down $0.75 during trading on Wednesday, hitting $30.08. 405,834 shares of the company's stock were exchanged, compared to its average volume of 4,780,429. Bath & Body Works, Inc. has a 1 year low of $24.96 and a 1 year high of $52.99. The stock has a 50 day moving average price of $30.96 and a 200 day moving average price of $33.84. The firm has a market cap of $6.44 billion, a P/E ratio of 7.34, a price-to-earnings-growth ratio of 0.92 and a beta of 1.69.

Bath & Body Works (NYSE:BBWI - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates of $2.04 by $0.05. Bath & Body Works had a net margin of 12.43% and a negative return on equity of 44.03%. The firm had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.78 billion. Analysts forecast that Bath & Body Works, Inc. will post 3.3 earnings per share for the current fiscal year.

Bath & Body Works Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Friday, February 21st. Bath & Body Works's payout ratio is 21.98%.

Bath & Body Works declared that its Board of Directors has approved a stock repurchase program on Thursday, February 27th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 6.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

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.