Everett Harris & Co. CA Has $2.44 Million Stock Holdings in Bath & Body Works, Inc. (NYSE:BBWI)

Everett Harris & Co. CA increased its holdings in Bath & Body Works, Inc. (NYSE:BBWI) by 28.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,987 shares of the company’s stock after acquiring an additional 13,847 shares during the period. Everett Harris & Co. CA’s holdings in Bath & Body Works were worth $2,442,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BBWI. Fifth Third Wealth Advisors LLC grew its holdings in Bath & Body Works by 4.9% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 6,982 shares of the company’s stock worth $271,000 after buying an additional 324 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Bath & Body Works by 24.2% in the third quarter. TD Private Client Wealth LLC now owns 1,697 shares of the company’s stock valued at $54,000 after purchasing an additional 331 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Bath & Body Works by 58.8% in the fourth quarter. UMB Bank n.a. now owns 905 shares of the company’s stock valued at $35,000 after purchasing an additional 335 shares during the last quarter. Avior Wealth Management LLC lifted its position in shares of Bath & Body Works by 30.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $76,000 after purchasing an additional 453 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Bath & Body Works by 34.4% during the third quarter. GAMMA Investing LLC now owns 2,481 shares of the company’s stock worth $79,000 after purchasing an additional 635 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BBWI shares. Barclays boosted their target price on Bath & Body Works from $28.00 to $34.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft upped their price objective on Bath & Body Works from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Argus reiterated a “hold” rating on shares of Bath & Body Works in a research note on Friday, January 10th. Wells Fargo & Company upgraded shares of Bath & Body Works from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $42.00 to $48.00 in a research report on Friday, January 10th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of Bath & Body Works in a research 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 given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.19.

Bath & Body Works Price Performance

Shares of NYSE:BBWI opened at $37.60 on Friday. The firm has a fifty day moving average price of $37.55 and a two-hundred day moving average price of $33.68. The company has a market cap of $8.14 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 1.01 and a beta of 1.82. Bath & Body Works, Inc. has a one year low of $26.20 and a one year high of $52.99.

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

Bath & Body Works Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.80 annualized dividend and a yield of 2.13%. Bath & Body Works’s payout ratio 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.