Bath & Body Works, Inc. (NYSE:BBWI) Stock Holdings Lifted by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH raised its position in Bath & Body Works, Inc. (NYSE:BBWI) by 47.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,047 shares of the company’s stock after purchasing an additional 3,886 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Bath & Body Works were worth $470,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. grew its stake in Bath & Body Works by 17.1% in the fourth quarter. Federated Hermes Inc. now owns 1,612 shares of the company’s stock valued at $70,000 after purchasing an additional 235 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Bath & Body Works by 5.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 5,571 shares of the company’s stock worth $279,000 after acquiring an additional 277 shares in the last quarter. Empirical Finance LLC boosted its stake in shares of Bath & Body Works by 3.6% during the 1st quarter. Empirical Finance LLC now owns 8,097 shares of the company’s stock worth $405,000 after acquiring an additional 278 shares in the last quarter. Comerica Bank boosted its stake in shares of Bath & Body Works by 0.9% during the 4th quarter. Comerica Bank now owns 33,091 shares of the company’s stock worth $1,428,000 after acquiring an additional 280 shares in the last quarter. Finally, Northwest Bank & Trust Co boosted its stake in shares of Bath & Body Works by 2.5% during the 1st quarter. Northwest Bank & Trust Co now owns 13,094 shares of the company’s stock worth $655,000 after acquiring an additional 315 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $53.00 price target on shares of Bath & Body Works in a research note on Tuesday, June 4th. BMO Capital Markets increased their target price on Bath & Body Works from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, June 5th. Piper Sandler decreased 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. Wells Fargo & Company decreased their target price on Bath & Body Works from $48.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Bath & Body Works from $53.00 to $57.00 in a research note on Monday, June 3rd. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $47.60.

Bath & Body Works Price Performance

Shares of BBWI traded up $0.43 during mid-day trading on Tuesday, reaching $31.66. The company had a trading volume of 6,066,962 shares, compared to its average volume of 2,976,427. Bath & Body Works, Inc. has a twelve month low of $27.30 and a twelve month high of $52.99. The company’s 50-day moving average is $40.02 and its 200-day moving average is $43.88. The company has a market capitalization of $7.07 billion, a P/E ratio of 8.16, a P/E/G ratio of 1.16 and a beta of 1.85.

Bath & Body Works (NYSE:BBWI) last issued its earnings results on Tuesday, June 4th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. Bath & Body Works had a negative return on equity of 40.00% and a net margin of 11.92%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the firm posted $0.33 EPS. Bath & Body Works’s quarterly revenue was down .9% compared to the same quarter last year. As a group, equities analysts expect that Bath & Body Works, Inc. will post 3.29 EPS for the current fiscal year.

Bath & Body Works Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were given 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 2.53%. Bath & Body Works’s dividend payout ratio (DPR) is presently 20.62%.

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.