Universal Beteiligungs und Servicegesellschaft mbH increased its position in Bath & Body Works, Inc. (NYSE:BBWI – Free Report) by 342.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 117,633 shares of the company’s stock after acquiring an additional 91,070 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Bath & Body Works were worth $2,410,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. First Horizon Corp acquired a new position in Bath & Body Works during the 3rd quarter worth $29,000. Geneos Wealth Management Inc. boosted its position in Bath & Body Works by 217.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,169 shares of the company’s stock worth $35,000 after acquiring an additional 801 shares during the period. Danske Bank A S acquired a new position in Bath & Body Works during the 3rd quarter worth $39,000. Advisory Services Network LLC acquired a new position in Bath & Body Works during the 3rd quarter worth $48,000. Finally, Westfuller Advisors LLC acquired a new position in Bath & Body Works during the 3rd quarter worth $56,000. Institutional investors and hedge funds own 95.14% of the company’s stock.
Bath & Body Works Stock Performance
BBWI opened at $19.46 on Friday. Bath & Body Works, Inc. has a one year low of $14.27 and a one year high of $34.66. The stock’s fifty day moving average is $19.89 and its 200-day moving average is $21.17. The company has a market capitalization of $3.92 billion, a PE ratio of 6.18, a P/E/G ratio of 1.83 and a beta of 1.50.
Bath & Body Works Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Friday, February 20th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, February 20th. Bath & Body Works’s payout ratio is currently 25.40%.
Analysts Set New Price Targets
A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bath & Body Works in a research report on Monday, April 20th. Barclays boosted their price target on Bath & Body Works from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Citigroup lowered Bath & Body Works from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $21.00 to $25.00 in a research report on Tuesday, February 17th. Zacks Research upgraded Bath & Body Works from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Bath & Body Works from $21.00 to $22.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $23.00.
Read Our Latest Research Report on BBWI
Bath & Body Works Company Profile
Bath & Body Works, Inc is a leading specialty retailer focused on personal care, home fragrance and complementary products. Through its flagship Bath & Body Works brand, the company offers a diverse assortment of shower gels, lotions, fragrance mists, candles and home fragrance items. Its product portfolio also includes the White Barn Candle Co range of premium scented candles and diffusers. Bath & Body Works serves consumers through a combination of brick-and-mortar stores and e-commerce platforms, delivering seasonal collections, limited-edition releases and signature scent lines.
Founded in 1990 as part of Limited Brands (now L Brands), Bath & Body Works opened its first store in New Albany, Ohio, and quickly expanded across the United States.
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