Bath & Body Works, Inc. Announces Quarterly Dividend of $0.20 (NYSE:BBWI)

Bath & Body Works, Inc. (NYSE:BBWI) announced a quarterly dividend on Friday, November 8th,Zacks Dividends reports. Stockholders of record on Friday, November 22nd will be paid a dividend of 0.20 per share on Friday, December 6th. This represents a $0.80 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, November 22nd.

Bath & Body Works has raised its dividend by an average of 38.7% annually over the last three years. Bath & Body Works has a payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bath & Body Works to earn $3.57 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 22.4%.

Bath & Body Works Stock Up 0.3 %

Shares of Bath & Body Works stock opened at $30.52 on Thursday. Bath & Body Works has a 52 week low of $26.20 and a 52 week high of $52.99. The company has a market capitalization of $6.69 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 0.97 and a beta of 1.79. The stock’s fifty day moving average is $30.41 and its two-hundred day moving average is $36.14.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. Bath & Body Works had a net margin of 12.69% and a negative return on equity of 41.94%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. As a group, research analysts anticipate that Bath & Body Works will post 3.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BBWI shares. Raymond James dropped their target price on shares of Bath & Body Works from $51.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Citigroup dropped their target price on Bath & Body Works from $48.00 to $35.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. JPMorgan Chase & Co. reduced their price target on Bath & Body Works from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Evercore ISI dropped their price objective on Bath & Body Works from $45.00 to $35.00 and set an “in-line” rating on the stock in a research report on Wednesday, August 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Bath & Body Works from $57.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.44.

Insider Transactions at Bath & Body Works

In other news, CEO Gina Boswell acquired 6,000 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were acquired at an average price of $29.64 per share, with a total value of $177,840.00. Following the purchase, the chief executive officer now directly owns 242,987 shares of the company’s stock, valued at $7,202,134.68. This trade represents a 2.53 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.27% 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.