Arizona State Retirement System Has $1.79 Million Stock Holdings in Bath & Body Works, Inc. (NYSE:BBWI)

Arizona State Retirement System lessened its holdings in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 2.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 59,019 shares of the company’s stock after selling 1,357 shares during the period. Arizona State Retirement System’s holdings in Bath & Body Works were worth $1,789,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Bath & Body Works by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 28,199,787 shares of the company’s stock worth $1,093,306,000 after acquiring an additional 208,036 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in Bath & Body Works by 4.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,235,086 shares of the company’s stock worth $396,815,000 after acquiring an additional 422,973 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Bath & Body Works by 5.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,494,089 shares of the company’s stock worth $329,317,000 after acquiring an additional 445,887 shares during the period. Alliancebernstein L.P. grew its holdings in Bath & Body Works by 35.6% during the 4th quarter. Alliancebernstein L.P. now owns 5,178,447 shares of the company’s stock worth $200,768,000 after acquiring an additional 1,360,264 shares during the period. Finally, Anomaly Capital Management LP grew its holdings in Bath & Body Works by 38.3% during the 4th quarter. Anomaly Capital Management LP now owns 4,860,876 shares of the company’s stock worth $188,456,000 after acquiring an additional 1,346,752 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analysts Set New Price Targets

BBWI has been the topic of a number of recent analyst reports. Barclays reduced their price target on shares of Bath & Body Works from $35.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Friday, May 30th. The Goldman Sachs Group reduced their price target on shares of Bath & Body Works from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday, May 30th. Citigroup lifted their price target on shares of Bath & Body Works from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Morgan Stanley reduced their price target on shares of Bath & Body Works from $49.00 to $43.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $38.00 price objective (down from $43.00) on shares of Bath & Body Works in a research report on Thursday, May 29th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.00.

Bath & Body Works Price Performance

Shares of NYSE:BBWI opened at $31.79 on Friday. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.06 and a beta of 1.72. The firm has a 50 day simple moving average of $30.16 and a 200 day simple moving average of $32.30. Bath & Body Works, Inc. has a one year low of $24.94 and a one year high of $41.87.

Bath & Body Works (NYSE:BBWI) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.42 billion. Bath & Body Works had a net margin of 11.10% and a negative return on equity of 47.44%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 EPS. As a group, analysts expect that Bath & Body Works, Inc. will post 3.3 EPS for the current year.

Bath & Body Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.52%. The ex-dividend date was Friday, June 6th. Bath & Body Works’s payout ratio is 21.33%.

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.