Boston Private Wealth LLC Purchases New Position in Bath & Body Works Inc (NYSE:BBWI)

Boston Private Wealth LLC purchased a new stake in Bath & Body Works Inc (NYSE:BBWI) in the 3rd quarter, HoldingsChannel reports. The firm purchased 4,441 shares of the company’s stock, valued at approximately $280,000.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC purchased a new stake in Bath & Body Works during the 3rd quarter worth approximately $25,000. Maj Invest Holding A S purchased a new stake in shares of Bath & Body Works in the third quarter valued at approximately $30,000. Parallel Advisors LLC purchased a new stake in shares of Bath & Body Works in the third quarter valued at approximately $31,000. Optimum Investment Advisors purchased a new stake in shares of Bath & Body Works in the third quarter valued at approximately $45,000. Finally, Larson Financial Group LLC purchased a new stake in shares of Bath & Body Works in the third quarter valued at approximately $53,000. Institutional investors own 92.30% of the company’s stock.

A number of equities research analysts have recently issued reports on BBWI shares. Credit Suisse Group upped their price target on Bath & Body Works from $67.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, November 18th. Atlantic Securities upgraded Bath & Body Works from a “neutral” rating to an “overweight” rating and set a $82.00 price target for the company in a research report on Monday, September 27th. UBS Group upped their price objective on Bath & Body Works from $90.00 to $98.00 and gave the company a “buy” rating in a report on Friday, November 19th. Argus upgraded Bath & Body Works from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Tuesday, September 21st. Finally, Wells Fargo & Company upped their price objective on Bath & Body Works from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, November 18th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $86.63.

NYSE:BBWI opened at $55.83 on Friday. The stock’s fifty day moving average price is $70.92. Bath & Body Works Inc has a 52 week low of $29.17 and a 52 week high of $82.00. The firm has a market capitalization of $14.39 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 0.69 and a beta of 1.70.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings results on Wednesday, November 17th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.32. Bath & Body Works had a negative return on equity of 165.36% and a net margin of 14.24%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the prior year, the firm earned $1.13 earnings per share. The firm’s revenue was down 1.3% compared to the same quarter last year. On average, equities research analysts predict that Bath & Body Works Inc will post 4.5 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 3rd. Shareholders of record on Friday, November 19th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Thursday, November 18th. Bath & Body Works’s dividend payout ratio (DPR) is 10.58%.

In other news, Director Robert H. Schottenstein sold 5,375 shares of the stock in a transaction on Wednesday, November 24th. The stock was sold at an average price of $74.52, for a total value of $400,545.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 16.31% of the stock is owned by corporate insiders.

Bath & Body Works Profile

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.

Further Reading: What is Green Investing?

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Institutional Ownership by Quarter for Bath & Body Works (NYSE:BBWI)

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