Kentucky Retirement Systems Insurance Trust Fund Has $524,000 Holdings in Bath & Body Works, Inc. (NYSE:BBWI)

Kentucky Retirement Systems Insurance Trust Fund increased its position in shares of Bath & Body Works, Inc. (NYSE:BBWIGet Rating) by 13.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,515 shares of the company’s stock after acquiring an additional 908 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Bath & Body Works were worth $524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BBWI. Signaturefd LLC acquired a new stake in shares of Bath & Body Works during the 3rd quarter worth approximately $25,000. Parallel Advisors LLC acquired a new stake in shares of Bath & Body Works during the 3rd quarter worth approximately $31,000. CX Institutional acquired a new stake in shares of Bath & Body Works during the 3rd quarter worth approximately $34,000. CWM LLC acquired a new stake in shares of Bath & Body Works during the 4th quarter worth approximately $42,000. Finally, Larson Financial Group LLC acquired a new stake in shares of Bath & Body Works during the 3rd quarter worth approximately $53,000. Institutional investors and hedge funds own 92.23% of the company’s stock.

BBWI has been the subject of several research reports. B. Riley dropped their price objective on shares of Bath & Body Works from $91.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, February 25th. The Goldman Sachs Group raised shares of Bath & Body Works from a “buy” rating to a “conviction-buy” rating in a research note on Wednesday, January 19th. JPMorgan Chase & Co. dropped their price objective on shares of Bath & Body Works from $105.00 to $81.00 and set an “overweight” rating for the company in a research note on Thursday, February 24th. Citigroup dropped their price objective on shares of Bath & Body Works from $100.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, January 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Bath & Body Works from $86.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, February 24th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Bath & Body Works has a consensus rating of “Buy” and an average price target of $78.89.

NYSE:BBWI traded up $0.72 during trading hours on Monday, reaching $52.91. The company had a trading volume of 2,770,767 shares, compared to its average volume of 4,471,799. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 1.23 and a beta of 1.76. The business’s 50-day simple moving average is $50.57 and its two-hundred day simple moving average is $61.35. Bath & Body Works, Inc. has a twelve month low of $44.17 and a twelve month high of $82.00.

Bath & Body Works (NYSE:BBWIGet Rating) last issued its quarterly earnings data on Wednesday, February 23rd. The company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Bath & Body Works had a net margin of 14.13% and a negative return on equity of 115.32%. The business’s revenue was up 11.4% on a year-over-year basis. During the same period last year, the company earned $1.96 earnings per share. As a group, equities analysts predict that Bath & Body Works, Inc. will post 4.59 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 4th. Investors of record on Friday, February 18th were issued a dividend of $0.20 per share. 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. This represents a $0.80 annualized dividend and a yield of 1.51%. Bath & Body Works’s payout ratio is 16.26%.

Bath & Body Works Profile (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.

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

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