Shares of Bath & Body Works, Inc. (NYSE:BBWI) acquired by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH increased its stake in shares of Bath & Body Works, Inc. (NYSE:BBWI – Free Report) by 7.7% during the third quarter, Holdings Channel reports. The firm owned 12,974 shares of the company’s stock after purchasing an additional 927 shares during the quarter. Investments Trust Co. Toledo NA OH’s holdings in Bath & Body Works were worth $414,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. First Community Trust NA purchased a new stake in Bath & Body Works during the 2nd quarter valued at approximately $30,000. GAMMA Investing LLC boosted its stake in Bath & Body Works by 75.7% in the first quarter. GAMMA Investing LLC now owns 1,116 shares of the company’s stock worth $56,000 after buying an additional 481 shares during the period. EntryPoint Capital LLC boosted its stake in Bath & Body Works by 224.0% in 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 period. TFO Wealth Partners LLC grew its position in Bath & Body Works by 9,664.7% during the 4th quarter. TFO Wealth Partners LLC now owns 1,660 shares of the company’s stock worth $72,000 after acquiring an additional 1,643 shares in the last quarter. Finally, Quarry LP raised its stake in Bath & Body Works by 289.4% during the 4th quarter. Quarry LP now owns 1,690 shares of the company’s stock, valued at $73,000 after buying another 1,256 shares during the period. 95.14% of shares are held by hedge funds and other institutional investors.

Wall Street analysts weigh in

Several analysts recently commented on the company. Goldman Sachs Group cut their price target on Bath & Body Works from $60.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Bank of America cut their price target on Bath & Body Works from $54.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Raymond James cut their price target on shares of Bath & Body Works from $51.00 to $42.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Citigroup reduced their price objective on shares of Bath & Body Works from $48.00 to $35.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Finally, Piper Sandler cut their price target on shares of Bath & Body Works from $47.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, 11 July. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.35, according to MarketBeat.com.

Read our latest analysis of BBWI

Bath & Body Works stock performance

BBWI opened at $29.59 on Friday. The company has a market cap of $6.61 billion, a PE ratio of 7.63, a price-to-earnings-growth ratio of 0.96 and a beta of 1.77. The stock has a 50-day moving average of $31.54 and a 200-day moving average of $39.97. Bath & Body Works, Inc. it has a 52-week low of $26.20 and a 52-week high of $52.99.

Bath & Body Works (NYSE:BBWI – Get Your Free Report ) last announced its earnings results on Wednesday, August 28th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Bath & Body Works had a negative return on equity of 41.94% and a net margin of 12.69%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. On average, research analysts predict that Bath & Body Works, Inc. will post 3.18 earnings per share for the current year.

Bath & Body Works announces dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were paid a $0.20 dividend. The ex-dividend date was Friday, August 23. This represents a dividend of $0.80 on an annualized basis and a yield of 2.70%. Bath & Body Works’ payout ratio is currently 20.62%.

Bath & Body Works profile

(Free report)

Bath & Body Works, Inc operates a specialty retailer of home fragrances, body care and soaps and disinfectant products. It sells its products under the Bath & Body Works, White Barn and other brands through retail stores and e-commerce sites located in the United States and Canada, as well as through international stores operated by franchise, license and wholesale partners . arrangements.

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