Bath & Body Works, Inc. (NYSE:BBWI) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its holdings in Bath & Body Works, Inc. (NYSE:BBWI) by 27.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 628,324 shares of the company’s stock after selling 236,678 shares during the period. Janus Henderson Group PLC owned about 0.28% of Bath & Body Works worth $31,428,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Bath & Body Works by 4.2% in the first quarter. Vanguard Group Inc. now owns 27,398,192 shares of the company’s stock worth $1,370,458,000 after purchasing an additional 1,102,124 shares in the last quarter. Lone Pine Capital LLC increased its stake in shares of Bath & Body Works by 20.0% during the fourth quarter. Lone Pine Capital LLC now owns 10,448,872 shares of the company’s stock valued at $450,973,000 after acquiring an additional 1,742,471 shares during the period. Norges Bank bought a new position in Bath & Body Works during the 4th quarter valued at $101,669,000. Charles Schwab Investment Management Inc. grew its holdings in Bath & Body Works by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,963,919 shares of the company’s stock worth $84,763,000 after acquiring an additional 38,272 shares during the period. Finally, Sound Shore Management Inc. CT lifted its holdings in shares of Bath & Body Works by 379.2% in the fourth quarter. Sound Shore Management Inc. CT now owns 1,903,258 shares of the company’s stock valued at $82,145,000 after purchasing an additional 1,506,110 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

BBWI has been the topic of a number of research reports. BMO Capital Markets upped their target price on Bath & Body Works from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, June 5th. JPMorgan Chase & Co. upgraded Bath & Body Works from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $40.00 to $53.00 in a report on Friday, May 17th. Deutsche Bank Aktiengesellschaft boosted their price target on Bath & Body Works from $53.00 to $57.00 in a research note on Monday, June 3rd. Piper Sandler cut their target price 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. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $53.00 price objective on shares of Bath & Body Works in a report on Tuesday, June 4th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Bath & Body Works currently has an average rating of “Hold” and a consensus target price of $47.60.

Bath & Body Works Stock Up 0.9 %

Shares of NYSE BBWI traded up $0.33 during trading hours on Wednesday, hitting $36.94. The company had a trading volume of 555,546 shares, compared to its average volume of 2,896,537. Bath & Body Works, Inc. has a 1-year low of $27.30 and a 1-year high of $52.99. The firm’s 50 day moving average is $41.50 and its 200-day moving average is $44.20. The stock has a market capitalization of $8.25 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 1.16 and a beta of 1.85.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings results on Tuesday, June 4th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05. The business 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 earnings per share. On average, sell-side analysts predict that Bath & Body Works, Inc. will post 3.29 earnings per share for the current year.

Bath & Body Works Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.17%. Bath & Body Works’s dividend payout ratio (DPR) is 20.62%.

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.