Teachers Retirement System of The State of Kentucky Sells 1,689 Shares of Bath & Body Works, Inc. (NYSE:BBWI)

Teachers Retirement System of The State of Kentucky lowered its holdings in Bath & Body Works, Inc. (NYSE:BBWI) by 9.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,986 shares of the company’s stock after selling 1,689 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Bath & Body Works were worth $542,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. True Wealth Design LLC raised 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 worth $34,000 after purchasing an additional 1,054 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in 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 buying an additional 900 shares during the last quarter. Meeder Asset Management Inc. increased its position in Bath & Body Works by 480.3% in the third quarter. Meeder Asset Management Inc. now owns 1,735 shares of the company’s stock worth $55,000 after buying an additional 1,436 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Bath & Body Works by 34.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,481 shares of the company’s stock worth $79,000 after acquiring an additional 635 shares during the period. Finally, Tobam purchased a new stake in Bath & Body Works in the 2nd quarter worth about $114,000. Institutional investors own 95.14% of the company’s stock.

Bath & Body Works Stock Performance

NYSE BBWI opened at $38.58 on Friday. The company has a market capitalization of $8.36 billion, a P/E ratio of 9.41, a P/E/G ratio of 1.44 and a beta of 1.83. Bath & Body Works, Inc. has a 52-week low of $26.20 and a 52-week high of $52.99. The company has a fifty day moving average of $33.27 and a 200-day moving average of $34.46.

Bath & Body Works (NYSE:BBWI) last issued its earnings results 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. Bath & Body Works had a net margin of 12.43% and a negative return on equity of 44.03%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the business earned $0.48 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. As a group, analysts forecast that Bath & Body Works, Inc. will post 3.26 EPS for the current fiscal year.

Bath & Body Works Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.20 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.07%. Bath & Body Works’s dividend payout ratio is currently 19.51%.

Insider Buying and Selling

In other Bath & Body Works news, CEO Gina Boswell purchased 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was bought at an average price of $29.64 per share, with a total value of $177,840.00. Following the completion of the purchase, the chief executive officer now directly owns 242,987 shares of the company’s stock, valued at $7,202,134.68. The trade was a 2.53 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on BBWI. Bank of America dropped their price objective on shares of Bath & Body Works from $54.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Bath & Body Works from $51.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. TD Cowen boosted their target price on shares of Bath & Body Works from $42.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Evercore ISI cut their price target on Bath & Body Works from $45.00 to $35.00 and set an “in-line” rating for the company in a report on Wednesday, August 28th. Finally, 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Bath & Body Works has an average rating of “Moderate Buy” and an average price target of $42.50.

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.