Bath & Body Works, Inc. (NYSE:BBWI) Shares Bought by National Bank of Canada FI

National Bank of Canada FI grew its stake in Bath & Body Works, Inc. (NYSE:BBWI) by 23.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,572 shares of the company’s stock after purchasing an additional 11,430 shares during the quarter. National Bank of Canada FI’s holdings in Bath & Body Works were worth $2,328,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Bath & Body Works by 4.2% during the first quarter. Vanguard Group Inc. now owns 27,398,192 shares of the company’s stock worth $1,370,458,000 after acquiring an additional 1,102,124 shares during the last quarter. Lone Pine Capital LLC boosted its position in 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 Bath & Body Works during the fourth quarter worth about $101,669,000. Bessemer Group Inc. boosted its position in Bath & Body Works by 5.6% during the first quarter. Bessemer Group Inc. now owns 1,448,278 shares of the company’s stock worth $72,443,000 after acquiring an additional 76,183 shares during the last quarter. Finally, Cadian Capital Management LP acquired a new position in Bath & Body Works during the fourth quarter worth about $58,266,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Bath & Body Works Stock Up 1.0 %

NYSE BBWI opened at $26.99 on Thursday. The firm has a 50 day moving average of $33.76 and a two-hundred day moving average of $41.62. Bath & Body Works, Inc. has a 52 week low of $26.20 and a 52 week high of $52.99. The stock has a market capitalization of $6.03 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 0.97 and a beta of 1.77.

Bath & Body Works Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Friday, August 23rd. Bath & Body Works’s payout ratio is 20.62%.

Analyst Ratings Changes

BBWI has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered 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. BMO Capital Markets reaffirmed an “outperform” rating and set a $50.00 target price (down from $52.00) on shares of Bath & Body Works in a research note on Thursday, August 29th. Robert W. Baird reduced their target price on shares of Bath & Body Works from $54.00 to $45.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Morgan Stanley reduced their target price on shares of Bath & Body Works from $56.00 to $51.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Finally, Citigroup reduced their target price on shares of Bath & Body Works from $48.00 to $35.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Bath & Body Works currently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

Bath & Body Works 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.