Van ECK Associates Corp Has $5.83 Million Holdings in Bath & Body Works, Inc. (NYSE:BBWI)

Van ECK Associates Corp grew its holdings in Bath & Body Works, Inc. (NYSE:BBWI - Free Report) by 72.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 150,285 shares of the company's stock after purchasing an additional 63,253 shares during the period. Van ECK Associates Corp owned about 0.07% of Bath & Body Works worth $5,827,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Golden State Wealth Management LLC acquired a new position in shares of Bath & Body Works during the 4th quarter worth approximately $26,000. UMB Bank n.a. increased 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 buying an additional 335 shares during the last quarter. True Wealth Design LLC raised its position 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 acquiring an additional 1,054 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Bath & Body Works in the third quarter valued at $39,000. Finally, Friedenthal Financial bought a new position in shares of Bath & Body Works in the 4th quarter valued at about $57,000. Institutional investors own 95.14% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised shares of Bath & Body Works from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $42.00 to $48.00 in a report on Friday, January 10th. Barclays upped their price objective on Bath & Body Works from $28.00 to $34.00 and gave the company an "underweight" rating in a research note on Tuesday, November 26th. Argus reaffirmed a "hold" rating on shares of Bath & Body Works in a research report on Friday, January 10th. Morgan Stanley decreased their target price on Bath & Body Works from $51.00 to $48.00 and set an "overweight" rating on the stock in a report on Thursday, November 21st. Finally, TD Cowen raised their price target on Bath & Body Works from $42.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $43.63.

Bath & Body Works Trading Down 4.5 %

NYSE BBWI traded down $1.84 during trading on Friday, reaching $38.51. The company's stock had a trading volume of 5,441,380 shares, compared to its average volume of 3,304,652. The firm has a 50 day moving average price of $37.70 and a 200 day moving average price of $33.86. Bath & Body Works, Inc. has a 12 month low of $26.20 and a 12 month high of $52.99. The firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of 9.39, a price-to-earnings-growth ratio of 0.95 and a beta of 1.83.

Bath & Body Works (NYSE:BBWI - Get Free Report) last issued its quarterly earnings results on Monday, November 25th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. Bath & Body Works had a negative return on equity of 44.03% and a net margin of 12.43%. The business had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.58 billion. During the same period in the previous year, the company posted $0.48 earnings per share. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts forecast that Bath & Body Works, Inc. will post 3.26 EPS for the current fiscal year.

Bath & Body Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Friday, February 21st. Bath & Body Works's dividend payout ratio (DPR) is presently 19.51%.

Bath & Body Works Company 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.