New York State Common Retirement Fund Lowers Holdings in Bath & Body Works, Inc. (NYSE:BBWI)

New York State Common Retirement Fund cut its holdings in Bath & Body Works, Inc. (NYSE:BBWI - Free Report) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 515,943 shares of the company's stock after selling 25,498 shares during the period. New York State Common Retirement Fund owned 0.23% of Bath & Body Works worth $16,469,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. New York State Teachers Retirement System lifted its position in shares of Bath & Body Works by 18.1% during the 3rd quarter. New York State Teachers Retirement System now owns 266,235 shares of the company's stock valued at $8,498,000 after buying an additional 40,793 shares in the last quarter. Abich Financial Wealth Management LLC bought a new stake in Bath & Body Works during the 3rd quarter worth approximately $103,000. State of Alaska Department of Revenue lifted its holdings in Bath & Body Works by 418.2% during the third quarter. State of Alaska Department of Revenue now owns 127,226 shares of the company's stock valued at $4,061,000 after purchasing an additional 102,675 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Bath & Body Works in the third quarter worth approximately $343,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Bath & Body Works by 69.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,092 shares of the company's stock worth $586,000 after purchasing an additional 7,443 shares during the period. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on BBWI. BMO Capital Markets restated an "outperform" rating and set a $50.00 target price (down previously from $52.00) on shares of Bath & Body Works in a research note on Thursday, August 29th. Robert W. Baird dropped their price objective on Bath & Body Works from $54.00 to $45.00 and set an "outperform" rating for the company in a research note on Thursday, August 29th. Citigroup decreased their target price on Bath & Body Works from $48.00 to $35.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 20th. JPMorgan Chase & Co. lowered their price target on Bath & Body Works from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, August 29th. Finally, UBS Group cut their price objective on shares of Bath & Body Works from $52.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, August 29th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Bath & Body Works presently has an average rating of "Moderate Buy" and an average target price of $42.63.

Bath & Body Works Price Performance

Shares of Bath & Body Works stock traded up $0.11 on Wednesday, reaching $31.73. The company had a trading volume of 8,225,356 shares, compared to its average volume of 3,752,142. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 7.72, a P/E/G ratio of 0.92 and a beta of 1.79. The firm's 50-day moving average price is $30.02 and its two-hundred day moving average price is $37.16. Bath & Body Works, Inc. has a 1 year low of $26.20 and a 1 year high of $52.99.

Bath & Body Works (NYSE:BBWI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.37 EPS for the quarter, topping 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 analyst estimates of $1.54 billion. As a group, analysts anticipate that Bath & Body Works, Inc. will post 3.18 EPS for the current year.

Bath & Body Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Friday, August 23rd. Bath & Body Works's payout ratio is currently 19.37%.

Insider Buying and Selling at Bath & Body Works

In other Bath & Body Works news, CEO Gina Boswell acquired 6,000 shares of the business's stock in a transaction on Wednesday, October 9th. The shares were bought at an average price of $29.64 per share, with a total value of $177,840.00. Following the transaction, the chief executive officer now directly owns 242,987 shares of the company's stock, valued at $7,202,134.68. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.27% of the company's stock.

Bath & Body Works 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.