Clark Estates Inc. NY Invests $3.35 Million in Bath & Body Works, Inc. (NYSE:BBWI)

Clark Estates Inc. NY bought a new stake in Bath & Body Works, Inc. (NYSE:BBWI) during the third quarter, according to its most recent filing with the SEC. The firm bought 105,000 shares of the company’s stock, valued at approximately $3,352,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Lone Pine Capital LLC increased its position in Bath & Body Works by 15.8% in the 2nd quarter. Lone Pine Capital LLC now owns 11,315,515 shares of the company’s stock worth $441,871,000 after buying an additional 1,547,399 shares during the period. Anomaly Capital Management LP acquired a new stake in Bath & Body Works in the 2nd quarter worth $113,995,000. FMR LLC increased its holdings in shares of Bath & Body Works by 17,496.5% during the 3rd quarter. FMR LLC now owns 2,516,127 shares of the company’s stock worth $80,315,000 after purchasing an additional 2,501,828 shares during the period. Sound Shore Management Inc. CT raised its position in shares of Bath & Body Works by 10.0% during the second quarter. Sound Shore Management Inc. CT now owns 2,088,703 shares of the company’s stock valued at $81,564,000 after buying an additional 189,889 shares during the last quarter. Finally, KBC Group NV raised its position in shares of Bath & Body Works by 9,023.5% during the third quarter. KBC Group NV now owns 1,701,813 shares of the company’s stock valued at $54,322,000 after buying an additional 1,683,160 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Gina Boswell acquired 6,000 shares of Bath & Body Works stock in a transaction on Wednesday, October 9th. The shares were purchased at an average price of $29.64 per share, with a total value of $177,840.00. Following the acquisition, the chief executive officer now owns 242,987 shares in the company, valued at $7,202,134.68. This represents a 2.53 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BBWI shares. Piper Sandler lifted their target price on Bath & Body Works from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Tuesday. The Goldman Sachs Group decreased their price objective on Bath & Body Works from $60.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft upped their target price on Bath & Body Works from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday. Bank of America reduced their target price on Bath & Body Works from $54.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, Evercore ISI lowered their price target on shares of Bath & Body Works from $45.00 to $35.00 and set an “in-line” rating on the stock in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.88.

Bath & Body Works Stock Down 1.5 %

NYSE:BBWI opened at $35.23 on Wednesday. The firm has a market cap of $7.72 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 1.14 and a beta of 1.79. Bath & Body Works, Inc. has a 12 month low of $26.20 and a 12 month high of $52.99. The company’s 50-day moving average price is $30.69 and its two-hundred day moving average price is $35.74.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Bath & Body Works had a negative return on equity of 44.03% and a net margin of 12.43%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. On average, research analysts expect that Bath & Body Works, Inc. will post 3.18 EPS for the current fiscal year.

Bath & Body Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a $0.20 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.27%. Bath & Body Works’s dividend payout ratio (DPR) is presently 19.51%.

Bath & Body Works Company 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.