State of Alaska Department of Revenue Has $4.06 Million Stock Holdings in Bath & Body Works, Inc. (NYSE:BBWI)

State of Alaska Department of Revenue increased its position in shares of Bath & Body Works, Inc. (NYSE:BBWI - Free Report) by 418.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,226 shares of the company's stock after purchasing an additional 102,675 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Bath & Body Works worth $4,061,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BBWI. Vanguard Group Inc. increased its holdings in shares of Bath & Body Works by 4.2% during the first quarter. Vanguard Group Inc. now owns 27,398,192 shares of the company's stock worth $1,370,458,000 after purchasing an additional 1,102,124 shares during the period. Lone Pine Capital LLC grew its position in Bath & Body Works by 15.8% during the second quarter. Lone Pine Capital LLC now owns 11,315,515 shares of the company's stock worth $441,871,000 after buying an additional 1,547,399 shares in the last quarter. Anomaly Capital Management LP acquired a new stake in Bath & Body Works during the second quarter worth approximately $113,995,000. Sound Shore Management Inc. CT increased its stake in Bath & Body Works by 10.0% during the 2nd quarter. Sound Shore Management Inc. CT now owns 2,088,703 shares of the company's stock worth $81,564,000 after acquiring an additional 189,889 shares during the period. Finally, Bessemer Group Inc. raised its holdings in Bath & Body Works by 5.6% in the 1st quarter. Bessemer Group Inc. now owns 1,448,278 shares of the company's stock valued at $72,443,000 after acquiring an additional 76,183 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Bath & Body Works

In other news, CEO Gina Boswell purchased 6,000 shares of the company's stock in a transaction dated Wednesday, October 9th. The shares were purchased at an average price of $29.64 per share, for a total transaction of $177,840.00. Following the transaction, the chief executive officer now owns 242,987 shares of the company's stock, valued at approximately $7,202,134.68. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BBWI shares. UBS Group reduced their target price on Bath & Body Works from $52.00 to $38.00 and set a "neutral" rating on the stock in a report on Thursday, August 29th. Barclays decreased their target price on shares of Bath & Body Works from $32.00 to $31.00 and set an "equal weight" rating on the stock in a report on Thursday, August 29th. The Goldman Sachs Group reduced their price target on shares of Bath & Body Works from $60.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. Bank of America lowered their price objective on shares of Bath & Body Works from $54.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, August 29th. Finally, Piper Sandler cut their target price on Bath & Body Works from $47.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, July 11th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Bath & Body Works has a consensus rating of "Moderate Buy" and an average price target of $43.13.

Bath & Body Works Trading Down 0.0 %

NYSE:BBWI traded down $0.01 during mid-day trading on Wednesday, hitting $28.83. 2,910,618 shares of the company's stock were exchanged, compared to its average volume of 3,705,043. Bath & Body Works, Inc. has a fifty-two week low of $26.20 and a fifty-two week high of $52.99. The firm has a market capitalization of $6.32 billion, a P/E ratio of 7.24, a PEG ratio of 0.95 and a beta of 1.77. The company has a 50 day simple moving average of $30.52 and a 200-day simple moving average of $37.65.

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

Bath & Body Works Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Friday, August 23rd. Bath & Body Works's payout ratio is presently 19.37%.

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.