Kingsview Wealth Management LLC Makes New $2.91 Million Investment in Bath & Body Works, Inc. $BBWI

Kingsview Wealth Management LLC acquired a new stake in shares of Bath & Body Works, Inc. (NYSE:BBWI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 96,996 shares of the company’s stock, valued at approximately $2,906,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. AQR Capital Management LLC increased its holdings in Bath & Body Works by 267.8% in the 1st quarter. AQR Capital Management LLC now owns 3,993,173 shares of the company’s stock valued at $121,073,000 after acquiring an additional 2,907,506 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Bath & Body Works by 115.7% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,680,104 shares of the company’s stock worth $111,581,000 after acquiring an additional 1,973,679 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Bath & Body Works by 7.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 11,016,767 shares of the company’s stock valued at $334,029,000 after purchasing an additional 781,681 shares during the period. Nuveen LLC purchased a new stake in Bath & Body Works in the 1st quarter worth approximately $23,273,000. Finally, Boston Partners raised its holdings in Bath & Body Works by 289.7% in the 1st quarter. Boston Partners now owns 937,024 shares of the company’s stock worth $28,292,000 after purchasing an additional 696,555 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Bath & Body Works from $44.00 to $33.00 and set an “overweight” rating for the company in a research report on Monday, October 27th. UBS Group lowered their price target on Bath & Body Works from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, August 29th. Citigroup reduced their price objective on shares of Bath & Body Works from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, August 19th. JPMorgan Chase & Co. restated a “neutral” rating and set a $26.00 price target on shares of Bath & Body Works in a research note on Monday, October 6th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Bath & Body Works in a research report on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.18.

Bath & Body Works Price Performance

NYSE BBWI opened at $21.09 on Wednesday. The company has a fifty day moving average of $25.21 and a two-hundred day moving average of $28.39. The company has a market capitalization of $4.35 billion, a PE ratio of 6.26, a P/E/G ratio of 0.86 and a beta of 1.53. Bath & Body Works, Inc. has a 1 year low of $20.85 and a 1 year high of $41.87.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings results on Thursday, August 28th. The company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.55 billion. Bath & Body Works had a negative return on equity of 48.43% and a net margin of 9.88%.The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 earnings per share. Bath & Body Works has set its Q3 2025 guidance at 0.370-0.45 EPS. FY 2025 guidance at 3.350-3.600 EPS. On average, research analysts expect that Bath & Body Works, Inc. will post 3.3 earnings per share for the current year.

Bath & Body Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 21st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, November 21st. Bath & Body Works’s dividend payout ratio (DPR) is presently 23.74%.

Bath & Body Works Company Profile

Bath & Body Works, Inc is a specialty retailers and home to America’s Favorite Fragrances, offering a breadth of exclusive fragrances for the body and home, including the selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap.