4,187 Shares in Bath & Body Works, Inc. (NYSE:BBWI) Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. purchased a new position in shares of Bath & Body Works, Inc. (NYSE:BBWI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,187 shares of the company’s stock, valued at approximately $164,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BBWI. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Bath & Body Works by 670.3% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 120,470 shares of the company’s stock valued at $4,704,000 after purchasing an additional 104,830 shares in the last quarter. F M Investments LLC purchased a new stake in Bath & Body Works in the 2nd quarter valued at approximately $1,474,000. Tobam purchased a new stake in Bath & Body Works in the 2nd quarter valued at approximately $114,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Bath & Body Works by 3.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,820 shares of the company’s stock valued at $1,555,000 after purchasing an additional 1,364 shares in the last quarter. Finally, 1834 Investment Advisors Co. boosted its holdings in Bath & Body Works by 27.1% in the 2nd quarter. 1834 Investment Advisors Co. now owns 15,865 shares of the company’s stock valued at $620,000 after purchasing an additional 3,384 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on BBWI. BMO Capital Markets reaffirmed an “outperform” rating and issued a $50.00 price objective (down previously from $52.00) on shares of Bath & Body Works in a report on Thursday. Evercore ISI lowered their price objective on Bath & Body Works from $45.00 to $35.00 and set an “in-line” rating on the stock in a report on Wednesday. Telsey Advisory Group reiterated an “outperform” rating and set a $53.00 price target on shares of Bath & Body Works in a research report on Wednesday. Citigroup reduced their price target on shares of Bath & Body Works from $48.00 to $35.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Finally, Wells Fargo & Company reduced their price target on shares of Bath & Body Works from $48.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Bath & Body Works Price Performance

Shares of Bath & Body Works stock opened at $30.76 on Friday. Bath & Body Works, Inc. has a 1 year low of $27.30 and a 1 year high of $52.99. The company has a market capitalization of $6.87 billion, a P/E ratio of 7.93, a P/E/G ratio of 1.16 and a beta of 1.85. The business has a 50 day moving average price of $35.46 and a 200 day moving average price of $42.58.

Bath & Body Works (NYSE:BBWI) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. Bath & Body Works had a negative return on equity of 40.00% and a net margin of 11.92%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS. As a group, research analysts expect that Bath & Body Works, Inc. will post 3.29 EPS for the current fiscal year.

Bath & Body Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 23rd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.80 annualized dividend and a yield of 2.60%. Bath & Body Works’s payout ratio is currently 20.62%.

Bath & Body Works Company 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.