United Services Automobile Association Takes Position in Bath & Body Works, Inc. (NYSE:BBWI)

United Services Automobile Association acquired a new position in shares of Bath & Body Works, Inc. (NYSE:BBWI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,246 shares of the company's stock, valued at approximately $552,000.

A number of other large investors have also recently bought and sold shares of the business. SRS Capital Advisors Inc. increased its stake in Bath & Body Works by 99.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 659 shares of the company's stock valued at $26,000 after buying an additional 329 shares during the period. Golden State Wealth Management LLC bought a new position in Bath & Body Works during the fourth quarter valued at about $26,000. UMB Bank n.a. grew its holdings in Bath & Body Works by 58.8% during the fourth quarter. UMB Bank n.a. now owns 905 shares of the company's stock worth $35,000 after acquiring an additional 335 shares during the period. Lindbrook Capital LLC raised its position in Bath & Body Works by 81.9% in the fourth quarter. Lindbrook Capital LLC now owns 957 shares of the company's stock worth $37,000 after acquiring an additional 431 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Bath & Body Works by 135.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,013 shares of the company's stock valued at $39,000 after acquiring an additional 582 shares during the last quarter. Institutional investors own 95.14% of the company's stock.

Bath & Body Works Stock Down 3.2 %

Shares of BBWI stock traded down $1.03 during mid-day trading on Friday, reaching $30.88. The stock had a trading volume of 1,243,035 shares, compared to its average volume of 4,806,424. Bath & Body Works, Inc. has a one year low of $26.20 and a one year high of $52.99. The firm has a market cap of $6.61 billion, a PE ratio of 7.52, a P/E/G ratio of 0.92 and a beta of 1.89. The firm's 50 day simple moving average is $35.33 and its 200 day simple moving average is $34.00.

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

Bath & Body Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Friday, February 21st. Bath & Body Works's payout ratio is 21.98%.

Bath & Body Works declared that its Board of Directors has approved a share repurchase program on Thursday, February 27th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to buy up to 6.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts recently commented on BBWI shares. TD Cowen boosted their target price on shares of Bath & Body Works from $42.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. JPMorgan Chase & Co. set a $47.00 price target on Bath & Body Works in a report on Thursday, February 27th. Raymond James reissued an "outperform" rating and set a $46.00 price objective (up from $42.00) on shares of Bath & Body Works in a research note on Tuesday, February 25th. Piper Sandler boosted their target price on Bath & Body Works from $36.00 to $39.00 and gave the stock a "neutral" rating in a research report on Monday, January 6th. Finally, Barclays decreased their price target 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. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $45.06.

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.