Public Employees Retirement System of Ohio Sells 9,419 Shares of Bath & Body Works, Inc. (NYSE:BBWI)

Public Employees Retirement System of Ohio lowered its holdings in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 9.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,540 shares of the company’s stock after selling 9,419 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Bath & Body Works were worth $4,329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in BBWI. Hyperion Capital Advisors LP purchased a new position in Bath & Body Works in the first quarter worth about $250,000. Westwood Holdings Group Inc. purchased a new position in shares of Bath & Body Works in the 1st quarter worth approximately $212,000. Pinnbrook Capital Management LP bought a new position in shares of Bath & Body Works during the 1st quarter valued at approximately $3,491,000. EntryPoint Capital LLC increased its position in shares of Bath & Body Works by 224.0% during the 1st quarter. EntryPoint Capital LLC now owns 1,471 shares of the company’s stock valued at $74,000 after purchasing an additional 1,017 shares during the last quarter. Finally, Boulder Hill Capital Management LP raised its holdings in Bath & Body Works by 49.7% during the 1st quarter. Boulder Hill Capital Management LP now owns 78,900 shares of the company’s stock valued at $3,947,000 after buying an additional 26,200 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Bath & Body Works Price Performance

BBWI stock opened at $36.76 on Thursday. Bath & Body Works, Inc. has a 1-year low of $27.30 and a 1-year high of $52.99. The business has a 50-day moving average price of $41.26 and a 200 day moving average price of $44.15. The company has a market capitalization of $8.21 billion, a P/E ratio of 9.47, a PEG ratio of 1.21 and a beta of 1.85.

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

Bath & Body Works Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, June 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.18%. Bath & Body Works’s dividend payout ratio is currently 20.62%.

Analysts Set New Price Targets

BBWI has been the topic of a number of analyst reports. Piper Sandler cut their price objective on shares of Bath & Body Works from $47.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. 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 report on Wednesday, July 24th. JPMorgan Chase & Co. raised shares of Bath & Body Works from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $40.00 to $53.00 in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft upped their target price on Bath & Body Works from $53.00 to $57.00 in a research note on Monday, June 3rd. Finally, BMO Capital Markets increased their price target on Bath & Body Works from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, June 5th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Bath & Body Works has a consensus rating of “Hold” and an average target price of $47.60.

Bath & Body Works 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.