Kwmg LLC Buys 8,969 Shares of Bath & Body Works, Inc. (NYSE:BBWI)

Kwmg LLC boosted its stake in Bath & Body Works, Inc. (NYSE:BBWI) by 6.9% in the fourth quarter, HoldingsChannel reports. The firm owned 139,383 shares of the company’s stock after acquiring an additional 8,969 shares during the period. Kwmg LLC’s holdings in Bath & Body Works were worth $5,404,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its position in shares of Bath & Body Works by 3,286.1% during the second quarter. Acadian Asset Management LLC now owns 15,847 shares of the company’s stock worth $616,000 after purchasing an additional 15,379 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Bath & Body Works by 11.5% during the second quarter. Daiwa Securities Group Inc. now owns 23,865 shares of the company’s stock worth $932,000 after acquiring an additional 2,454 shares in the last quarter. American Century Companies Inc. grew its stake in Bath & Body Works by 0.7% in the second quarter. American Century Companies Inc. now owns 255,612 shares of the company’s stock valued at $9,982,000 after acquiring an additional 1,831 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of Bath & Body Works by 14.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 36,429 shares of the company’s stock worth $1,414,000 after acquiring an additional 4,632 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in shares of Bath & Body Works by 275.1% during the second quarter. Federated Hermes Inc. now owns 3,620 shares of the company’s stock worth $141,000 after purchasing an additional 2,655 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on BBWI. JPMorgan Chase & Co. boosted their price objective on Bath & Body Works from $35.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Morgan Stanley lowered their price objective on shares of Bath & Body Works from $51.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, November 21st. Argus reaffirmed a “hold” rating on shares of Bath & Body Works in a research report on Friday. Piper Sandler increased their target price on Bath & Body Works from $36.00 to $39.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Finally, Barclays boosted their price target on Bath & Body Works from $28.00 to $34.00 and gave the company an “underweight” rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.06.

Bath & Body Works Price Performance

NYSE BBWI traded up $0.34 on Monday, hitting $36.75. 2,460,709 shares of the stock were exchanged, compared to its average volume of 3,117,183. The company has a market capitalization of $7.96 billion, a PE ratio of 8.96, a P/E/G ratio of 1.43 and a beta of 1.82. The business’s fifty day moving average is $35.75 and its 200 day moving average is $33.68. Bath & Body Works, Inc. has a 52 week low of $26.20 and a 52 week 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. Bath & Body Works had a net margin of 12.43% and a negative return on equity of 44.03%. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the firm earned $0.48 EPS. Bath & Body Works’s quarterly revenue was up 3.1% compared to the same quarter last year. Analysts predict that Bath & Body Works, Inc. will post 3.26 EPS for the current fiscal year.

Bath & Body Works Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Friday, November 22nd. Bath & Body Works’s dividend payout ratio (DPR) is presently 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.