Bath & Body Works, Inc. (NYSE:BBWI) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC trimmed its holdings in Bath & Body Works, Inc. (NYSE:BBWI) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,244 shares of the company’s stock after selling 2,660 shares during the quarter. River Road Asset Management LLC’s holdings in Bath & Body Works were worth $4,715,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Denali Advisors LLC acquired a new position in shares of Bath & Body Works in the 4th quarter valued at $27,000. Money Concepts Capital Corp increased its holdings in shares of Bath & Body Works by 1,180.4% in the 4th quarter. Money Concepts Capital Corp now owns 653 shares of the company’s stock valued at $28,000 after acquiring an additional 602 shares during the period. Front Row Advisors LLC acquired a new position in shares of Bath & Body Works in the 3rd quarter valued at $25,000. Trust Co. of Vermont acquired a new position in shares of Bath & Body Works in the 3rd quarter valued at $27,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in shares of Bath & Body Works in the 4th quarter valued at $35,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of Bath & Body Works from $35.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Barclays cut shares of Bath & Body Works from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $37.00 to $45.00 in a research note on Thursday, January 4th. Wells Fargo & Company boosted their price objective on shares of Bath & Body Works from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, March 1st. Piper Sandler boosted their price objective on shares of Bath & Body Works from $44.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Finally, Robert W. Baird boosted their price objective on shares of Bath & Body Works from $50.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Bath & Body Works presently has a consensus rating of “Hold” and a consensus target price of $46.33.

Bath & Body Works Stock Down 1.2 %

Bath & Body Works stock opened at $43.17 on Thursday. Bath & Body Works, Inc. has a 52 week low of $27.30 and a 52 week high of $50.34. The firm’s 50-day simple moving average is $46.18 and its 200 day simple moving average is $39.98. The firm has a market capitalization of $9.71 billion, a PE ratio of 11.21, a P/E/G ratio of 1.42 and a beta of 1.86.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings data on Thursday, February 29th. The company reported $2.06 EPS for the quarter, topping the consensus estimate of $1.85 by $0.21. Bath & Body Works had a net margin of 11.82% and a negative return on equity of 37.01%. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same period in the previous year, the firm earned $1.86 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. On average, research analysts expect that Bath & Body Works, Inc. will post 3.3 EPS for the current fiscal year.

Bath & Body Works Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.85%. Bath & Body Works’s dividend payout ratio (DPR) is 20.78%.

Insider Buying and Selling at Bath & Body Works

In other Bath & Body Works news, insider Thomas E. Mazurek sold 4,285 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $48.89, for a total value of $209,493.65. Following the transaction, the insider now directly owns 45,992 shares in the company, valued at approximately $2,248,548.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.19% of the stock is owned by insiders.

Bath & Body Works Company 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.