Mitsubishi UFJ Trust & Banking Corp Sells 58,569 Shares of Bath & Body Works, Inc. (NYSE:BBWI)

Posted by Defense World Staff on Aug 20th, 2023

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in shares of Bath & Body Works, Inc. (NYSE:BBWI – Free Report) by 12.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 399,698 shares of the company’s stock after selling 58,569 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.17% of Bath & Body Works worth $14,621,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its position in Bath & Body Works by 22.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,525 shares of the company’s stock valued at $64,000 after purchasing an additional 276 shares during the last quarter. Captrust Financial Advisors raised its holdings in Bath & Body Works by 10.4% during the 1st quarter. Captrust Financial Advisors now owns 3,124 shares of the company’s stock valued at $149,000 after buying an additional 295 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Bath & Body Works by 1.6% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 19,401 shares of the company’s stock valued at $818,000 after buying an additional 305 shares during the period. Diversified Trust Co grew its holdings in Bath & Body Works by 2.0% in the 1st quarter. Diversified Trust Co now owns 15,941 shares of the company’s stock worth $583,000 after acquiring an additional 307 shares during the last quarter. Finally, Toroso Investments LLC increased its position in shares of Bath & Body Works by 3.7% in the third quarter. Toroso Investments LLC now owns 8,943 shares of the company’s stock valued at $292,000 after acquiring an additional 319 shares during the period. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Telsey Advisory Group reissued an “outperform” rating and issued a $52.00 target price on shares of Bath & Body Works in a research note on Wednesday. Morgan Stanley decreased their target price on Bath & Body Works from $76.00 to $61.00 in a report on Friday, May 19th. Citigroup lifted their price target on shares of Bath & Body Works from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday. Barclays upgraded shares of Bath & Body Works from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $41.00 to $45.00 in a report on Tuesday, August 1st. Finally, TheStreet raised shares of Bath & Body Works from a “d” rating to a “c” rating in a research note on Thursday, May 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Bath & Body Works has a consensus rating of “Hold” and a consensus target price of $46.75.

View Our Latest Stock Report on BBWI

Bath & Body Works Trading Up 1.1 %

NYSE BBWI opened at $36.52 on Friday. Bath & Body Works, Inc. has a 12 month low of $30.52 and a 12 month high of $49.55. The stock’s fifty day moving average price is $37.47 and its 200-day moving average price is $37.78. The stock has a market cap of $8.36 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.17 and a beta of 1.71.

Bath & Body Works (NYSE:BBWI – Get Free Report) last announced its quarterly earnings data on Thursday, May 18th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. Bath & Body Works had a net margin of 9.67% and a negative return on equity of 29.65%. Bath & Body Works’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 EPS. As a group, analysts forecast that Bath & Body Works, Inc. will post 3 earnings per share for the current fiscal year.

Bath & Body Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, August 17th. Bath & Body Works’s dividend payout ratio (DPR) is currently 25.32%.

About Bath & Body Works

(Free Report)

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.