79,100 Shares in Bath & Body Works, Inc. $BBWI Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Bath & Body Works, Inc. (NYSE:BBWI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 79,100 shares of the company’s stock, valued at approximately $2,370,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in Bath & Body Works by 38.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,711 shares of the company’s stock valued at $1,265,000 after buying an additional 11,681 shares during the last quarter. Blue Trust Inc. boosted its position in Bath & Body Works by 15.5% in the 1st quarter. Blue Trust Inc. now owns 4,184 shares of the company’s stock valued at $127,000 after buying an additional 560 shares during the last quarter. Retirement Systems of Alabama purchased a new position in Bath & Body Works in the 1st quarter valued at about $7,993,000. Oppenheimer Asset Management Inc. boosted its position in Bath & Body Works by 3.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 54,249 shares of the company’s stock valued at $1,645,000 after buying an additional 1,894 shares during the last quarter. Finally, Lecap Asset Management Ltd. boosted its position in Bath & Body Works by 43.5% in the 1st quarter. Lecap Asset Management Ltd. now owns 106,629 shares of the company’s stock valued at $3,233,000 after buying an additional 32,345 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $38.00 price objective on shares of Bath & Body Works in a research report on Thursday, August 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Bath & Body Works in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $26.00 price objective on shares of Bath & Body Works in a research report on Monday, October 6th. Citigroup decreased their price objective on shares of Bath & Body Works from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, August 19th. Finally, Barclays reduced their price target on shares of Bath & Body Works from $32.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Monday. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.18.

Bath & Body Works Stock Performance

Shares of BBWI stock opened at $26.37 on Wednesday. Bath & Body Works, Inc. has a one year low of $24.85 and a one year high of $41.87. The company’s 50-day simple moving average is $27.65 and its 200-day simple moving average is $29.08. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 0.89 and a beta of 1.52.

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

Bath & Body Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were paid a dividend of $0.20 per share. The ex-dividend date was Friday, August 22nd. This represents a $0.80 annualized dividend and a yield of 3.0%. Bath & Body Works’s dividend payout ratio is 23.74%.

Bath & Body Works 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.