Commonwealth Equity Services LLC Sells 1,369 Shares of Bath & Body Works, Inc. (NYSE:BBWI)

Commonwealth Equity Services LLC trimmed its holdings in Bath & Body Works, Inc. (NYSE:BBWI) by 13.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 8,659 shares of the company’s stock after selling 1,369 shares during the period. Commonwealth Equity Services LLC’s holdings in Bath & Body Works were worth $338,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of BBWI. TD Asset Management Inc grew its stake in shares of Bath & Body Works by 3.7% in the fourth quarter. TD Asset Management Inc now owns 976,278 shares of the company’s stock worth $42,136,000 after acquiring an additional 35,261 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Bath & Body Works by 28.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 258,617 shares of the company’s stock valued at $12,936,000 after purchasing an additional 56,764 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Bath & Body Works by 46.9% during the 1st quarter. Russell Investments Group Ltd. now owns 131,605 shares of the company’s stock valued at $6,572,000 after buying an additional 41,995 shares in the last quarter. Vanguard Group Inc. increased its stake in Bath & Body Works by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 27,398,192 shares of the company’s stock worth $1,370,458,000 after acquiring an additional 1,102,124 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Bath & Body Works by 968.1% during the 1st quarter. SG Americas Securities LLC now owns 190,758 shares of the company’s stock worth $9,542,000 after acquiring an additional 172,898 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Wall Street Analysts Forecast Growth

BBWI has been the subject of several recent research reports. Raymond James dropped their price target on Bath & Body Works from $51.00 to $42.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Robert W. Baird lowered their target price on Bath & Body Works from $54.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Bath & Body Works from $57.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, August 26th. Evercore ISI dropped their target price on Bath & Body Works from $45.00 to $35.00 and set an “in-line” rating on the stock in a research note on Wednesday, August 28th. Finally, Wells Fargo & Company cut their price target on shares of Bath & Body Works from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $43.00.

Bath & Body Works Stock Up 3.6 %

NYSE BBWI opened at $30.34 on Tuesday. The firm has a 50-day moving average price of $32.45 and a 200 day moving average price of $40.64. The stock has a market capitalization of $6.77 billion, a P/E ratio of 7.82, a P/E/G ratio of 0.86 and a beta of 1.77. Bath & Body Works, Inc. has a 52-week low of $26.20 and a 52-week high of $52.99.

Bath & Body Works (NYSE:BBWI) last posted its earnings results on Wednesday, August 28th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. Bath & Body Works had a negative return on equity of 41.94% and a net margin of 12.69%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. On average, equities research analysts expect that Bath & Body Works, Inc. will post 3.18 earnings per share for the current fiscal year.

Bath & Body Works Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were given 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 2.64%. Bath & Body Works’s dividend payout ratio (DPR) is presently 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.