WINTON GROUP Ltd Grows Stock Position in Bath & Body Works, Inc. (NYSE:BBWI)

WINTON GROUP Ltd grew its position in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 327.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,232 shares of the company’s stock after purchasing an additional 29,294 shares during the period. WINTON GROUP Ltd’s holdings in Bath & Body Works were worth $1,493,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Bath & Body Works by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 27,398,192 shares of the company’s stock worth $1,370,458,000 after buying an additional 1,102,124 shares during the period. Lone Pine Capital LLC increased its position in shares of Bath & Body Works by 20.0% during the fourth quarter. Lone Pine Capital LLC now owns 10,448,872 shares of the company’s stock worth $450,973,000 after acquiring an additional 1,742,471 shares during the last quarter. Norges Bank acquired a new position in shares of Bath & Body Works in the fourth quarter worth about $101,669,000. Bessemer Group Inc. boosted its holdings in Bath & Body Works by 5.6% in the first quarter. Bessemer Group Inc. now owns 1,448,278 shares of the company’s stock valued at $72,443,000 after purchasing an additional 76,183 shares during the last quarter. Finally, Cadian Capital Management LP acquired a new stake in Bath & Body Works during the 4th quarter valued at approximately $58,266,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Bath & Body Works Trading Down 0.2 %

Shares of NYSE BBWI opened at $27.21 on Monday. Bath & Body Works, Inc. has a 12-month low of $26.20 and a 12-month high of $52.99. The company has a market cap of $6.07 billion, a PE ratio of 7.01, a P/E/G ratio of 0.86 and a beta of 1.77. The stock has a 50 day simple moving average of $33.36 and a 200-day simple moving average of $41.29.

Bath & Body Works Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.80 annualized dividend and a dividend yield of 2.94%. Bath & Body Works’s payout ratio is 20.62%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BBWI. Bank of America cut their target price on Bath & Body Works from $54.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Barclays reduced their price objective on shares of Bath & Body Works from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 29th. Raymond James dropped their target price on shares of Bath & Body Works from $51.00 to $42.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Bath & Body Works from $57.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, August 26th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $50.00 price objective (down from $52.00) on shares of Bath & Body Works in a report on Thursday, August 29th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

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.