Captrust Financial Advisors Acquires 5,842 Shares of Bath & Body Works, Inc. (NYSE:BBWI)

Captrust Financial Advisors raised its holdings in Bath & Body Works, Inc. (NYSE:BBWI) by 57.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,059 shares of the company’s stock after purchasing an additional 5,842 shares during the quarter. Captrust Financial Advisors’ holdings in Bath & Body Works were worth $513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Anomaly Capital Management LP purchased a new position in Bath & Body Works in the second quarter valued at approximately $113,995,000. FMR LLC raised its stake in shares of Bath & Body Works by 17,496.5% in the third quarter. FMR LLC now owns 2,516,127 shares of the company’s stock valued at $80,315,000 after buying an additional 2,501,828 shares during the period. KBC Group NV grew its stake in shares of Bath & Body Works by 9,023.5% during the 3rd quarter. KBC Group NV now owns 1,701,813 shares of the company’s stock worth $54,322,000 after acquiring an additional 1,683,160 shares during the period. Lone Pine Capital LLC increased its holdings in Bath & Body Works by 15.8% in the 2nd quarter. Lone Pine Capital LLC now owns 11,315,515 shares of the company’s stock worth $441,871,000 after acquiring an additional 1,547,399 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Bath & Body Works by 723.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,167,554 shares of the company’s stock worth $37,268,000 after acquiring an additional 1,025,757 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Bath & Body Works news, CEO Gina Boswell bought 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were bought at an average price of $29.64 per share, for a total transaction of $177,840.00. Following the transaction, the chief executive officer now directly owns 242,987 shares in the company, valued at $7,202,134.68. This trade represents a 2.53 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BBWI shares. BMO Capital Markets reiterated an “outperform” rating and set a $50.00 target price (down previously from $52.00) on shares of Bath & Body Works in a research report on Thursday, August 29th. Telsey Advisory Group reissued an “outperform” rating and set a $42.00 target price on shares of Bath & Body Works in a report on Monday, November 25th. Bank of America dropped their target price on Bath & Body Works from $54.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. TD Cowen lifted their price target on Bath & Body Works from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Robert W. Baird dropped their price objective on Bath & Body Works from $54.00 to $45.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Bath & Body Works presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Bath & Body Works Price Performance

Shares of BBWI opened at $37.42 on Friday. Bath & Body Works, Inc. has a 1-year low of $26.20 and a 1-year high of $52.99. The company has a market capitalization of $8.10 billion, a P/E ratio of 9.13, a P/E/G ratio of 1.37 and a beta of 1.83. The firm’s 50 day simple moving average is $32.42 and its 200 day simple moving average is $34.85.

Bath & Body Works (NYSE:BBWI) last posted its quarterly earnings data on Monday, November 25th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.58 billion. Bath & Body Works had a net margin of 12.43% and a negative return on equity of 44.03%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 EPS. On average, equities analysts anticipate that Bath & Body Works, Inc. will post 3.26 earnings per share for the current year.

Bath & Body Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a dividend of $0.20 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.14%. Bath & Body Works’s dividend payout ratio is 19.51%.

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.