Bath & Body Works, Inc. (NYSE:BBWI – Get Free Report) declared a quarterly dividend on Friday, August 7th. Investors of record on Friday, August 21st will be given a dividend of 0.20 per share on Friday, September 4th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, August 21st.
Bath & Body Works has increased its dividend payment by an average of 0.2%annually over the last three years. Bath & Body Works has a dividend payout ratio of 20.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Bath & Body Works to earn $2.90 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 27.6%.
Bath & Body Works Stock Up 1.0%
Shares of NYSE:BBWI opened at $20.34 on Friday. The firm has a fifty day simple moving average of $20.30 and a two-hundred day simple moving average of $20.29. Bath & Body Works has a 52 week low of $14.27 and a 52 week high of $32.32. The stock has a market capitalization of $4.10 billion, a P/E ratio of 5.71, a PEG ratio of 1.99 and a beta of 1.38.
Institutional Trading of Bath & Body Works
Large investors have recently bought and sold shares of the stock. Chase Investment Counsel Corp purchased a new stake in shares of Bath & Body Works during the 4th quarter valued at approximately $1,606,000. Intech Investment Management LLC raised its position in Bath & Body Works by 462.6% in the fourth quarter. Intech Investment Management LLC now owns 108,766 shares of the company’s stock valued at $2,184,000 after purchasing an additional 89,432 shares during the period. Cibc World Market Inc. acquired a new position in shares of Bath & Body Works in the 4th quarter valued at $2,053,000. WINTON GROUP Ltd purchased a new position in shares of Bath & Body Works during the 4th quarter worth $3,175,000. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Bath & Body Works by 33.8% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,852,040 shares of the company’s stock worth $53,248,000 after purchasing an additional 719,795 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.
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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