Advisor Group Holdings Inc. Invests $3.31 Million in Bath & Body Works Inc (NYSE:BBWI)

Advisor Group Holdings Inc. acquired a new position in shares of Bath & Body Works Inc (NYSE:BBWI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 52,528 shares of the company’s stock, valued at approximately $3,313,000.

Other large investors have also recently made changes to their positions in the company. Signaturefd LLC acquired a new stake in shares of Bath & Body Works during the 3rd quarter worth approximately $25,000. Maj Invest Holding A S acquired a new stake in shares of Bath & Body Works during the 3rd quarter worth approximately $30,000. Parallel Advisors LLC acquired a new stake in shares of Bath & Body Works during the 3rd quarter worth approximately $31,000. Optimum Investment Advisors acquired a new stake in shares of Bath & Body Works during the 3rd quarter worth approximately $45,000. Finally, Larson Financial Group LLC acquired a new stake in Bath & Body Works in the 3rd quarter valued at $53,000. 92.30% of the stock is currently owned by institutional investors.

BBWI stock opened at $55.83 on Friday. The company has a market capitalization of $14.39 billion, a P/E ratio of 9.85, a P/E/G ratio of 0.70 and a beta of 1.70. Bath & Body Works Inc has a twelve month low of $29.17 and a twelve month high of $82.00. The business’s fifty day moving average price is $70.92.

Bath & Body Works (NYSE:BBWI) last released its earnings results on Wednesday, November 17th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.32. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.61 billion. Bath & Body Works had a negative return on equity of 165.36% and a net margin of 14.24%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 earnings per share. As a group, sell-side analysts expect that Bath & Body Works Inc will post 4.5 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 3rd. Stockholders of record on Friday, November 19th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, November 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.07%. Bath & Body Works’s payout ratio is currently 10.58%.

In other news, Director Robert H. Schottenstein sold 5,375 shares of the business’s stock in a transaction on Wednesday, November 24th. The stock was sold at an average price of $74.52, for a total transaction of $400,545.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.31% of the company’s stock.

Several brokerages recently commented on BBWI. Wells Fargo & Company boosted their price target on Bath & Body Works from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, November 18th. B. Riley boosted their price target on Bath & Body Works from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 17th. MKM Partners boosted their price target on Bath & Body Works from $78.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, November 18th. Credit Suisse Group boosted their price target on Bath & Body Works from $67.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, November 18th. Finally, Zacks Investment Research lowered Bath & Body Works from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $86.63.

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.

Featured Article: Why investors pay attention to retained earnings

Want to see what other hedge funds are holding BBWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bath & Body Works Inc (NYSE:BBWI).

Institutional Ownership by Quarter for Bath & Body Works (NYSE:BBWI)

Receive News & Ratings for Bath & Body Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bath & Body Works and related companies with MarketBeat.com's FREE daily email newsletter.