QRG Capital Management Inc. Sells 1,081 Shares of Bath & Body Works, Inc. $BBWI

QRG Capital Management Inc. lessened its stake in Bath & Body Works, Inc. (NYSE:BBWI) by 1.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,297 shares of the company’s stock after selling 1,081 shares during the quarter. QRG Capital Management Inc.’s holdings in Bath & Body Works were worth $1,806,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. New Century Financial Group LLC bought a new stake in Bath & Body Works in the second quarter valued at about $1,076,000. Hilltop National Bank bought a new stake in Bath & Body Works in the second quarter valued at about $70,000. Robeco Institutional Asset Management B.V. bought a new stake in Bath & Body Works in the second quarter valued at about $667,000. TOWER TRUST & INVESTMENT Co increased its holdings in Bath & Body Works by 8.6% in the second quarter. TOWER TRUST & INVESTMENT Co now owns 15,981 shares of the company’s stock valued at $479,000 after purchasing an additional 1,272 shares during the last quarter. Finally, Missouri Trust & Investment Co increased its holdings in Bath & Body Works by 4.2% in the second quarter. Missouri Trust & Investment Co now owns 43,975 shares of the company’s stock valued at $1,317,000 after purchasing an additional 1,775 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

BBWI has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Bath & Body Works in a report on Saturday, September 27th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $26.00 price target on shares of Bath & Body Works in a report on Monday. UBS Group lowered their price target on Bath & Body Works from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, August 29th. Morgan Stanley lowered their price target on Bath & Body Works from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Friday, September 12th. Finally, Wall Street Zen downgraded Bath & Body Works from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Bath & Body Works presently has a consensus rating of “Moderate Buy” and an average price target of $38.15.

Bath & Body Works Stock Performance

Shares of NYSE BBWI opened at $25.67 on Wednesday. The stock has a 50 day moving average price of $28.22 and a 200 day moving average price of $29.41. Bath & Body Works, Inc. has a 52 week low of $24.93 and a 52 week high of $41.87. The stock has a market capitalization of $5.29 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.90 and a beta of 1.52.

Bath & Body Works (NYSE:BBWI) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. Bath & Body Works had a negative return on equity of 48.43% and a net margin of 9.88%.The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the firm posted $0.37 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. Bath & Body Works has set its Q3 2025 guidance at 0.370-0.45 EPS. FY 2025 guidance at 3.350-3.600 EPS. As a group, research analysts forecast that Bath & Body Works, Inc. will post 3.3 EPS for the current year.

Bath & Body Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, August 22nd. Bath & Body Works’s dividend payout ratio (DPR) is presently 23.74%.

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.