Nicolet Advisory Services LLC Sells 473 Shares of Bath & Body Works, Inc. (NYSE:BBWI)

Nicolet Advisory Services LLC lowered its position in Bath & Body Works, Inc. (NYSE:BBWI) by 6.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,001 shares of the company’s stock after selling 473 shares during the period. Nicolet Advisory Services LLC’s holdings in Bath & Body Works were worth $323,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. TD Asset Management Inc boosted its stake in shares of Bath & Body Works by 3.7% in the 4th quarter. TD Asset Management Inc now owns 976,278 shares of the company’s stock worth $42,136,000 after buying an additional 35,261 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Bath & Body Works in the fourth quarter worth about $1,618,000. SG Americas Securities LLC grew its position in Bath & Body Works by 968.1% in the first 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. Impax Asset Management Group plc grew its position in Bath & Body Works by 305.6% in the fourth quarter. Impax Asset Management Group plc now owns 356,910 shares of the company’s stock worth $15,404,000 after acquiring an additional 268,913 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in Bath & Body Works in the fourth quarter worth about $4,450,000. Institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Piper Sandler dropped their target price on Bath & Body Works from $47.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft upped their price target on Bath & Body Works from $53.00 to $57.00 in a research report on Monday, June 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $53.00 price target on shares of Bath & Body Works in a research report on Tuesday, June 4th. BMO Capital Markets boosted their price objective on shares of Bath & Body Works from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, June 5th. Finally, JPMorgan Chase & Co. raised Bath & Body Works from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $40.00 to $53.00 in a research report on Friday, May 17th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $48.13.

Bath & Body Works Price Performance

BBWI traded down $1.14 during trading hours on Friday, reaching $37.57. 2,912,964 shares of the stock traded hands, compared to its average volume of 3,030,740. The firm’s fifty day simple moving average is $43.47 and its two-hundred day simple moving average is $44.62. The company has a market cap of $8.39 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 1.24 and a beta of 1.85. Bath & Body Works, Inc. has a fifty-two week low of $27.30 and a fifty-two week high of $52.99.

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

Bath & Body Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were paid a $0.20 dividend. The ex-dividend date was Friday, June 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.13%. Bath & Body Works’s payout ratio is 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.