Bath & Body Works, Inc. (NYSE:BBWI) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its stake in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 14.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,429 shares of the company’s stock after acquiring an additional 4,632 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Bath & Body Works were worth $1,414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Bath & Body Works by 17.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,220,472 shares of the company’s stock valued at $52,675,000 after purchasing an additional 177,373 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Bath & Body Works in the fourth quarter valued at approximately $228,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Bath & Body Works by 5.3% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 12,481 shares of the company’s stock worth $539,000 after acquiring an additional 632 shares during the last quarter. Panagora Asset Management Inc. acquired a new position in shares of Bath & Body Works in the 4th quarter valued at $853,000. Finally, Great Lakes Advisors LLC purchased a new stake in Bath & Body Works in the 4th quarter valued at $250,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on BBWI. The Goldman Sachs Group dropped their price objective on shares of Bath & Body Works from $60.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Piper Sandler reduced their price objective on Bath & Body Works from $47.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Barclays lowered their target price on Bath & Body Works from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 29th. Wells Fargo & Company decreased their price target on Bath & Body Works from $48.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Finally, Morgan Stanley dropped their price objective on shares of Bath & Body Works from $56.00 to $51.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Bath & Body Works presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Bath & Body Works Stock Performance

BBWI opened at $29.92 on Friday. The company has a market cap of $6.68 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 0.86 and a beta of 1.77. Bath & Body Works, Inc. has a one year low of $26.20 and a one year high of $52.99. The business’s fifty day moving average is $32.89 and its two-hundred day moving average is $40.98.

Bath & Body Works Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.80 annualized dividend and a yield of 2.67%. Bath & Body Works’s dividend payout ratio (DPR) 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.