Kwmg LLC Has $5.40 Million Stock Position in Bath & Body Works, Inc. (NYSE:BBWI)

Kwmg LLC raised its holdings in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 139,383 shares of the company’s stock after buying an additional 8,969 shares during the quarter. Kwmg LLC owned about 0.06% of Bath & Body Works worth $5,404,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. True Wealth Design LLC grew its position in 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 last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Bath & Body Works by 300.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the company’s stock valued at $38,000 after purchasing an additional 900 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Bath & Body Works in the third quarter valued at $39,000. TD Private Client Wealth LLC lifted its position in Bath & Body Works by 24.2% in the third quarter. TD Private Client Wealth LLC now owns 1,697 shares of the company’s stock worth $54,000 after purchasing an additional 331 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in Bath & Body Works by 480.3% during 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 in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BBWI shares. Piper Sandler raised their price objective on shares of Bath & Body Works from $36.00 to $39.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on Bath & Body Works from $35.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Wells Fargo & Company raised Bath & Body Works from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $42.00 to $48.00 in a report on Friday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $42.00 price target on shares of Bath & Body Works in a research note on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Bath & Body Works from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.06.

Bath & Body Works Stock Up 0.9 %

BBWI stock traded up $0.34 during trading on Monday, hitting $36.75. The company had a trading volume of 2,460,709 shares, compared to its average volume of 3,117,183. The firm has a 50-day moving average price of $35.75 and a 200-day moving average price of $33.68. Bath & Body Works, Inc. has a 12 month low of $26.20 and a 12 month high of $52.99. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 1.43 and a beta of 1.82.

Bath & Body Works (NYSE:BBWI) last released its earnings results on Monday, November 25th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.58 billion. Bath & Body Works had a negative return on equity of 44.03% and a net margin of 12.43%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share. Equities analysts expect that Bath & Body Works, Inc. will post 3.26 EPS for the current year.

Bath & Body Works Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Friday, November 22nd. Bath & Body Works’s dividend payout ratio is 19.51%.

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.