Anomaly Capital Management LP Grows Position in Bath & Body Works, Inc. (NYSE:BBWI)

Anomaly Capital Management LP boosted its position in shares of Bath & Body Works, Inc. (NYSE:BBWI - Free Report) by 38.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,860,876 shares of the company's stock after acquiring an additional 1,346,752 shares during the period. Bath & Body Works makes up approximately 5.6% of Anomaly Capital Management LP's holdings, making the stock its 8th largest holding. Anomaly Capital Management LP owned approximately 2.24% of Bath & Body Works worth $188,456,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. State of Tennessee Department of Treasury lifted its stake in Bath & Body Works by 257.7% during the fourth quarter. State of Tennessee Department of Treasury now owns 108,345 shares of the company's stock worth $4,201,000 after purchasing an additional 78,053 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in Bath & Body Works by 334.9% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 73,876 shares of the company's stock valued at $2,864,000 after buying an additional 56,890 shares in the last quarter. Natixis bought a new stake in Bath & Body Works in the fourth quarter valued at $1,077,000. Dimensional Fund Advisors LP raised its stake in Bath & Body Works by 17.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,144,292 shares of the company's stock worth $83,135,000 after acquiring an additional 313,092 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Bath & Body Works by 99.6% during the fourth quarter. First Trust Advisors LP now owns 550,759 shares of the company's stock valued at $21,353,000 after acquiring an additional 274,876 shares during the period. Institutional investors own 95.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on BBWI. Telsey Advisory Group restated an "outperform" rating and issued a $43.00 price target on shares of Bath & Body Works in a research report on Thursday, February 27th. Argus reissued a "hold" rating on shares of Bath & Body Works in a report on Friday, January 10th. Citigroup decreased their price target on Bath & Body Works from $48.00 to $36.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Robert W. Baird lifted their price objective on Bath & Body Works from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. Finally, The Goldman Sachs Group decreased their target price on Bath & Body Works from $49.00 to $42.00 and set a "buy" rating on the stock in a report on Tuesday. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Bath & Body Works presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.69.

Bath & Body Works Trading Up 3.3 %

Bath & Body Works stock traded up $0.96 during trading hours on Thursday, reaching $29.70. 3,868,134 shares of the stock were exchanged, compared to its average volume of 4,772,791. Bath & Body Works, Inc. has a twelve month low of $24.96 and a twelve month high of $52.99. The company has a market cap of $6.36 billion, a P/E ratio of 7.24, a price-to-earnings-growth ratio of 0.92 and a beta of 1.69. The stock has a 50 day moving average of $31.54 and a two-hundred day moving average of $33.81.

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

Bath & Body Works Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.69%. The ex-dividend date was Friday, February 21st. Bath & Body Works's payout ratio is presently 21.98%.

Bath & Body Works declared that its board has initiated a share buyback plan on Thursday, February 27th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 6.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are 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.