Entropy Technologies LP Invests $1.27 Million in Bath & Body Works, Inc. (NYSE:BBWI)

Entropy Technologies LP acquired a new stake in Bath & Body Works, Inc. (NYSE:BBWI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 32,846 shares of the company’s stock, valued at approximately $1,273,000.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in Bath & Body Works in the fourth quarter valued at approximately $26,000. UMB Bank n.a. lifted its stake in Bath & Body Works by 58.8% during the 4th quarter. UMB Bank n.a. now owns 905 shares of the company’s stock valued at $35,000 after acquiring an additional 335 shares during the period. True Wealth Design LLC boosted its holdings in shares of Bath & Body Works by 5,270.0% in the 3rd quarter. True Wealth Design LLC now owns 1,074 shares of the company’s stock valued at $34,000 after acquiring an additional 1,054 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Bath & Body Works by 300.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the company’s stock worth $38,000 after acquiring an additional 900 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Bath & Body Works during the third quarter worth $39,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on Bath & Body Works from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays lifted their price target on Bath & Body Works from $28.00 to $34.00 and gave the company an “underweight” rating in a research report on Tuesday, November 26th. Argus restated a “hold” rating on shares of Bath & Body Works in a research report on Friday, January 10th. Morgan Stanley cut their target price on shares of Bath & Body Works from $51.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday, November 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $42.00 price target on shares of Bath & Body Works in a report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Bath & Body Works currently has an average rating of “Moderate Buy” and a consensus price target of $43.19.

Bath & Body Works Stock Down 1.1 %

Shares of BBWI opened at $35.48 on Tuesday. Bath & Body Works, Inc. has a 52-week low of $26.20 and a 52-week high of $52.99. The stock has a fifty day simple moving average of $37.71 and a two-hundred day simple moving average of $33.65. The company has a market capitalization of $7.68 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 0.90 and a beta of 1.83.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings data on Monday, November 25th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.03. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Bath & Body Works had a net margin of 12.43% and a negative return on equity of 44.03%. Bath & Body Works’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business earned $0.48 earnings per share. As a group, equities analysts anticipate that Bath & Body Works, Inc. will post 3.26 earnings per share for the current fiscal year.

Bath & Body Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.80 annualized dividend and a yield of 2.25%. Bath & Body Works’s dividend payout ratio (DPR) is 19.51%.

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.