34,817 Shares in Bath & Body Works, Inc. (NYSE:BBWI) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new position in shares of Bath & Body Works, Inc. (NYSE:BBWI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 34,817 shares of the company's stock, valued at approximately $1,350,000.

A number of other institutional investors have also recently added to or reduced their stakes in BBWI. Golden State Wealth Management LLC acquired a new stake in Bath & Body Works during the 4th quarter valued at approximately $26,000. SRS Capital Advisors Inc. increased its position in shares of Bath & Body Works by 99.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 659 shares of the company's stock worth $26,000 after buying an additional 329 shares during the period. True Wealth Design LLC raised its stake in Bath & Body Works by 5,270.0% during the third quarter. True Wealth Design LLC now owns 1,074 shares of the company's stock worth $34,000 after buying an additional 1,054 shares during the last quarter. UMB Bank n.a. lifted its holdings in Bath & Body Works by 58.8% in the fourth quarter. UMB Bank n.a. now owns 905 shares of the company's stock valued at $35,000 after buying an additional 335 shares during the period. Finally, Lindbrook Capital LLC boosted its position in Bath & Body Works by 81.9% during the fourth quarter. Lindbrook Capital LLC now owns 957 shares of the company's stock valued at $37,000 after acquiring an additional 431 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BBWI. Barclays lowered their price objective on Bath & Body Works from $43.00 to $38.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Piper Sandler lifted their target price on Bath & Body Works from $36.00 to $39.00 and gave the stock a "neutral" rating in a report on Monday, January 6th. Wells Fargo & Company raised shares of Bath & Body Works from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $42.00 to $48.00 in a research report on Friday, January 10th. Telsey Advisory Group reiterated an "outperform" rating and issued a $43.00 price objective on shares of Bath & Body Works in a research note on Thursday, February 27th. Finally, Argus reissued a "hold" rating on shares of Bath & Body Works in a research note on Friday, January 10th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Bath & Body Works has a consensus rating of "Moderate Buy" and an average target price of $45.06.

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Bath & Body Works Stock Performance

NYSE BBWI traded down $0.74 during trading hours on Friday, hitting $27.11. The company had a trading volume of 9,960,931 shares, compared to its average volume of 4,573,458. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 6.61, a PEG ratio of 0.92 and a beta of 1.89. Bath & Body Works, Inc. has a 52 week low of $25.41 and a 52 week high of $52.99. The firm has a 50 day simple moving average of $34.45 and a 200 day simple moving average of $34.10.

Bath & Body Works (NYSE:BBWI - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $2.04 by $0.05. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.78 billion. Bath & Body Works had a net margin of 12.43% and a negative return on equity of 44.03%. On average, research analysts forecast that Bath & Body Works, Inc. will post 3.3 earnings per share for the current year.

Bath & Body Works Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a dividend of $0.20 per share. The ex-dividend date was Friday, February 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.95%. Bath & Body Works's dividend payout ratio (DPR) is currently 21.98%.

Bath & Body Works announced that its Board of Directors has initiated a share buyback program on Thursday, February 27th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 6.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

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.