Quest Partners LLC Has $1.06 Million Stock Position in Bath & Body Works, Inc. (NYSE:BBWI)

Quest Partners LLC boosted its position in Bath & Body Works, Inc. (NYSE:BBWI) by 200.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 33,256 shares of the company’s stock after acquiring an additional 22,181 shares during the period. Quest Partners LLC’s holdings in Bath & Body Works were worth $1,062,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. First Community Trust NA acquired a new stake in Bath & Body Works during the second quarter worth approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Bath & Body Works by 300.0% during 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 last quarter. GAMMA Investing LLC lifted its position in Bath & Body Works by 65.4% during the second quarter. GAMMA Investing LLC now owns 1,846 shares of the company’s stock worth $72,000 after acquiring an additional 730 shares during the last quarter. EntryPoint Capital LLC lifted its position in Bath & Body Works by 224.0% during the first quarter. EntryPoint Capital LLC now owns 1,471 shares of the company’s stock worth $74,000 after acquiring an additional 1,017 shares during the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new stake in Bath & Body Works during the third quarter worth approximately $103,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. 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 report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Bath & Body Works from $57.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, August 26th. Evercore ISI lowered their target price on shares of Bath & Body Works from $45.00 to $35.00 and set an “in-line” rating on the stock in a report on Wednesday, August 28th. The Goldman Sachs Group lowered their target price on shares of Bath & Body Works from $60.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, Citigroup lowered 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 report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.44.

Bath & Body Works Price Performance

Shares of BBWI opened at $30.52 on Thursday. Bath & Body Works, Inc. has a 1 year low of $26.20 and a 1 year high of $52.99. The business has a 50-day moving average of $30.41 and a 200-day moving average of $36.14. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 7.39, a price-to-earnings-growth ratio of 1.00 and a beta of 1.79.

Bath & Body Works (NYSE:BBWI) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Bath & Body Works had a net margin of 12.69% and a negative return on equity of 41.94%. As a group, sell-side analysts anticipate that Bath & Body Works, Inc. will post 3.18 EPS for the current year.

Bath & Body Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.20 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.62%. Bath & Body Works’s dividend payout ratio (DPR) is currently 19.37%.

Insider Buying and Selling at Bath & Body Works

In related news, CEO Gina Boswell acquired 6,000 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were bought at an average price of $29.64 per share, with a total value of $177,840.00. Following the transaction, the chief executive officer now directly owns 242,987 shares of the company’s stock, valued at $7,202,134.68. This trade represents a 2.53 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.27% of the company’s stock.

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.