Bath & Body Works (NYSE:BBWI) Stock Price Up 3.9%

Bath & Body Works, Inc. (NYSE:BBWI) shares rose 3.9% during mid-day trading on Monday . The stock traded as high as $28.50 and last traded at $28.28. Approximately 360,162 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 3,291,749 shares. The stock had previously closed at $27.21.

Wall Street Analyst Weigh In

BBWI has been the subject of several recent analyst reports. Evercore ISI reduced their price objective on shares of Bath & Body Works from $45.00 to $35.00 and set an “in-line” rating for the company in a research report on Wednesday, August 28th. Piper Sandler decreased their price target on shares of 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. UBS Group cut their price objective on shares of Bath & Body Works from $52.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. The Goldman Sachs Group decreased their target price on Bath & Body Works from $60.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, Wells Fargo & Company dropped their price target on Bath & Body Works from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Bath & Body Works currently has an average rating of “Moderate Buy” and an average price target of $43.00.

Bath & Body Works Trading Up 6.1 %

The stock has a market capitalization of $6.45 billion, a PE ratio of 7.44, a P/E/G ratio of 0.86 and a beta of 1.77. The stock’s fifty day simple moving average is $33.36 and its 200-day simple moving average is $41.29.

Bath & Body Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Friday, August 23rd. Bath & Body Works’s payout ratio is 20.62%.

Hedge Funds Weigh In On Bath & Body Works

Several hedge funds have recently modified their holdings of BBWI. International Assets Investment Management LLC purchased a new stake in shares of Bath & Body Works during the 4th quarter valued at $439,000. Dimensional Fund Advisors LP raised its position in Bath & Body Works by 17.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,220,472 shares of the company’s stock worth $52,675,000 after acquiring an additional 177,373 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in Bath & Body Works in the fourth quarter valued at about $228,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Bath & Body Works by 5.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 12,481 shares of the company’s stock valued at $539,000 after acquiring an additional 632 shares during the period. Finally, Panagora Asset Management Inc. purchased a new stake in shares of Bath & Body Works during the 4th quarter worth approximately $853,000. Institutional investors own 95.14% of the company’s stock.

Bath & Body Works Company 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.