Missouri Trust & Investment Co Has $1.53 Million Stock Position in Bath & Body Works, Inc. (NYSE:BBWI)

Missouri Trust & Investment Co lifted its holdings in Bath & Body Works, Inc. (NYSE:BBWI) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,570 shares of the company’s stock after purchasing an additional 2,660 shares during the quarter. Missouri Trust & Investment Co’s holdings in Bath & Body Works were worth $1,534,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BBWI. True Wealth Design LLC raised its stake in shares of Bath & Body Works by 5,270.0% during the 3rd quarter. True Wealth Design LLC now owns 1,074 shares of the company’s stock worth $34,000 after purchasing an additional 1,054 shares in the last quarter. UMB Bank n.a. increased its holdings in Bath & Body Works by 58.8% during the fourth quarter. UMB Bank n.a. now owns 905 shares of the company’s stock worth $35,000 after buying an additional 335 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in Bath & Body Works by 300.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the company’s stock worth $38,000 after acquiring an additional 900 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Bath & Body Works in the third quarter valued at $39,000. Finally, TD Private Client Wealth LLC grew its position in shares of Bath & Body Works by 24.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,697 shares of the company’s stock valued at $54,000 after acquiring an additional 331 shares during the period. Institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on BBWI shares. Wells Fargo & Company upgraded Bath & Body Works from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $42.00 to $48.00 in a report on Friday, January 10th. TD Cowen boosted their target price on Bath & Body Works from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Morgan Stanley cut their price target on Bath & Body Works from $51.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday, November 21st. Argus reiterated a “hold” rating on shares of Bath & Body Works in a report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Bath & Body Works from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Bath & Body Works presently has an average rating of “Moderate Buy” and an average target price of $43.06.

Bath & Body Works Trading Up 1.4 %

Shares of Bath & Body Works stock opened at $37.28 on Wednesday. The company has a market cap of $8.07 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 0.99 and a beta of 1.82. The company has a 50 day moving average of $36.52 and a 200-day moving average of $33.61. Bath & Body Works, Inc. has a 1-year low of $26.20 and a 1-year high of $52.99.

Bath & Body Works (NYSE:BBWI) last issued its earnings results on Monday, November 25th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. Bath & Body Works had a negative return on equity of 44.03% and a net margin of 12.43%. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the business posted $0.48 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. Research analysts forecast that Bath & Body Works, Inc. will post 3.26 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, December 6th. Investors of record on Friday, November 22nd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.15%. The ex-dividend date was Friday, November 22nd. Bath & Body Works’s payout ratio is 19.51%.

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.