Bath & Body Works, Inc. (NYSE:BBWI) Shares Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV raised its stake in Bath & Body Works, Inc. (NYSE:BBWIGet Rating) by 4.6% during the fourth quarter, Holdings Channel reports. The firm owned 73,221 shares of the company’s stock after purchasing an additional 3,219 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Bath & Body Works were worth $5,110,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC acquired a new position in shares of Bath & Body Works during the 3rd quarter valued at $25,000. Parallel Advisors LLC acquired a new position in Bath & Body Works in the 3rd quarter worth $31,000. CX Institutional acquired a new position in Bath & Body Works in the 3rd quarter worth $34,000. CWM LLC acquired a new position in Bath & Body Works in the 4th quarter worth $42,000. Finally, Larson Financial Group LLC acquired a new position in Bath & Body Works in the 3rd quarter worth $53,000. Institutional investors own 92.23% of the company’s stock.

BBWI has been the subject of several research analyst reports. Morgan Stanley boosted their target price on shares of Bath & Body Works from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, February 25th. Robert W. Baird lowered their price objective on shares of Bath & Body Works from $90.00 to $75.00 in a research report on Friday, February 25th. Telsey Advisory Group lowered their target price on Bath & Body Works from $91.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, February 24th. Zacks Investment Research cut Bath & Body Works from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 11th. Finally, Credit Suisse Group lowered their target price on Bath & Body Works from $69.00 to $64.00 and set a “neutral” rating on the stock in a research report on Friday, February 25th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $78.89.

Shares of Bath & Body Works stock traded up $1.73 during midday trading on Tuesday, hitting $54.64. The company’s stock had a trading volume of 96,086 shares, compared to its average volume of 4,471,799. The firm has a market capitalization of $13.03 billion, a P/E ratio of 10.75, a PEG ratio of 1.23 and a beta of 1.76. The stock has a 50-day simple moving average of $50.57 and a 200-day simple moving average of $61.35. Bath & Body Works, Inc. has a 1-year low of $44.17 and a 1-year high of $82.00.

Bath & Body Works (NYSE:BBWIGet Rating) last issued its earnings results on Wednesday, February 23rd. The company reported $2.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.27 by $0.03. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Bath & Body Works had a negative return on equity of 115.32% and a net margin of 14.13%. Bath & Body Works’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.96 earnings per share. On average, analysts forecast that Bath & Body Works, Inc. will post 4.59 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 4th. Stockholders of record on Friday, February 18th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Thursday, February 17th. This is a boost from Bath & Body Works’s previous quarterly dividend of $0.15. Bath & Body Works’s dividend payout ratio (DPR) is 16.26%.

About Bath & Body Works (Get Rating)

Bath & Body Works, Inc operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. The company sells its products under the Bath & Body Works, White Barn, and other brand names through specialty retail stores and websites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements.

See Also

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Institutional Ownership by Quarter for Bath & Body Works (NYSE:BBWI)

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