Yarger Wealth Strategies LLC Trims Stock Holdings in Bath & Body Works, Inc. (NYSE:BBWI)

Yarger Wealth Strategies LLC lowered its stake in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 7.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,172 shares of the company’s stock after selling 1,907 shares during the period. Yarger Wealth Strategies LLC’s holdings in Bath & Body Works were worth $983,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC lifted its stake in shares of Bath & Body Works by 152.7% during the 2nd quarter. Renaissance Technologies LLC now owns 901,133 shares of the company’s stock worth $35,189,000 after purchasing an additional 544,599 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Bath & Body Works by 7.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,303,487 shares of the company’s stock valued at $50,901,000 after buying an additional 86,204 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in shares of Bath & Body Works by 327.7% in the 2nd quarter. WINTON GROUP Ltd now owns 38,232 shares of the company’s stock valued at $1,493,000 after buying an additional 29,294 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Bath & Body Works by 5.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 140,300 shares of the company’s stock worth $5,479,000 after buying an additional 7,611 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Bath & Body Works by 41.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 51,985 shares of the company’s stock worth $2,030,000 after acquiring an additional 15,243 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BBWI shares. Evercore ISI lowered their target price on shares of Bath & Body Works from $45.00 to $35.00 and set an “in-line” rating for the company in a research note on Wednesday, August 28th. Telsey Advisory Group restated an “outperform” rating and set a $53.00 target price on shares of Bath & Body Works in a research note on Wednesday, August 28th. Raymond James reduced their target price on Bath & Body Works from $51.00 to $42.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. BMO Capital Markets reissued an “outperform” rating and issued a $50.00 price target (down previously from $52.00) on shares of Bath & Body Works in a report on Thursday, August 29th. Finally, Bank of America cut their price objective on shares of Bath & Body Works from $54.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $43.00.

Bath & Body Works Stock Performance

NYSE BBWI opened at $28.91 on Tuesday. The firm has a market capitalization of $6.45 billion, a P/E ratio of 7.45, a PEG ratio of 0.86 and a beta of 1.77. The stock has a 50-day simple moving average of $33.18 and a two-hundred day simple moving average of $41.17. Bath & Body Works, Inc. has a fifty-two week low of $26.20 and a fifty-two week high of $52.99.

Bath & Body Works Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.77%. The ex-dividend date was Friday, August 23rd. Bath & Body Works’s dividend payout ratio is currently 20.62%.

About Bath & Body Works

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.