Resources Investment Advisors LLC, a prominent institutional investor, has recently purchased a new stake in Bath & Body Works, Inc. during the first quarter of this year. The acquisition was disclosed in the company’s most recent 13F filing with the Securities and Exchange Commission. Resources Investment Advisors LLC acquired 13,027 shares of Bath & Body Works, Inc., with an estimated market value of approximately $477,000.
Bath & Body Works, Inc. is a renowned specialty retailer that primarily focuses on home fragrance, body care, and sanitation products such as soaps and sanitizers. The company sells its wide range of products under various brand names including Bath & Body Works and White Barn. These products are distributed through their retail stores and e-commerce platforms located across the United States and Canada. Additionally, Bath & Body Works also partners with international stores that operate under franchise, licensing, and wholesale arrangements.
In addition to this significant investment development, Bath & Body Works recently announced its quarterly dividend for stockholders. The dividend is scheduled to be paid on Friday, September 1st. Stockholders who are recorded on Friday, August 18th will receive a dividend payment of $0.20 per share. It is important to note that the ex-dividend date has been set for Thursday, August 17th.
This dividend payout represents an annualized rate of $0.80 per share equating to a dividend yield of approximately 2.29%. Currently, Bath & Body Works maintains a dividend payout ratio of 25.32%. This ratio exhibits the proportion of earnings that is being distributed by the company as dividends to its shareholders.
As an institutional investor opting for a stake in Bath & Body Works at this point in time may provide valuable insight into future prospects for both the company itself and potential investors considering entering or expanding their position within this sector.
It is essential to stay up-to-date with relevant financial developments like these, as they impact the investment landscape and offer valuable insight into the performance of various companies and industries. With Bath & Body Works’ diverse product offerings, strong brand presence, and expanding global partnerships, its position within the retail industry may continue to be one of interest for potential investors moving forward.
Bath & Body Works, Inc.
Updated on: 02/03/2024
Debt to equity ratio: Strong Sell
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Sell
ROE: Strong Sell
We did not find social sentiment data for this stock
|Analyst / firm
Institutional Investment Surge Signals Confidence in Bath & Body Works’ Growth Potential
Institutional investors and hedge funds have shown significant interest in Bath & Body Works, as evidenced by their recent purchase and sale of shares in the company. Norges Bank, for instance, acquired a new stake in the retailer during the fourth quarter of last year, adding to its portfolio an investment valued at approximately $87,870,000. Similarly, Renaissance Technologies LLC purchased a stake in Bath & Body Works during the first quarter of this year, placing a value of around $84,383,000 on their investment.
Alliancebernstein L.P., another institutional investor, demonstrated its confidence in Bath & Body Works by increasing its position in the company’s stock by an astounding 507.2% during the fourth quarter. Through this move, Alliancebernstein L.P. now owns 1,964,651 shares valued at $82,790,000 after acquiring an additional 1,641,108 shares within the last quarter.
Bessemer Group Inc., too, significantly bolstered its holdings in Bath & Body Works during the first quarter by increasing its position by an unparalleled 49,255.9%. With this strategic move in place totaling an investment worth $54,325,000 and an additional 1,482.111 shares acquired within the same time frame.
Finally yet importantly is Price T Rowe Associates Inc. MD which escalated their position on BBWI stocks to 63.1% during Q4 resulting positively with what seems like a fortune purchase throughout acquiring almost more than million five hundred thousand more shares from this favorite retailer reaching a significant amount of almost over three million six hundred thousand shares valued at $
154255000 at a specific monetary value.
Together these institutional investors currently represent ownership of approximately
92.9% percentof Bath & Body Works’ stock – indicatory of notable trust and confidence placed into BBWI through various robust acquisitions made consistently since actualized.
Turning attention to NYSE BBWI trading, we find that on Wednesday, the stock opened at a price of $34.94. With a market capitalization of $8.00 billion and a P/E ratio of 11.06, Bath & Body Works finds itself within a sector rich in market value despite today’s economic challenges – proving again it’s an irresistible offer to investors as but also significantly enough demand its appeal had gone beyond merely fair stock pricing.
Further financial metrics indicate a positive standing for Bath & Body Works as it reports a P/E/G ratio of 1.19 which appeals to solid incorporation knowledge and soundness – positioning return on investment options.
Throughout the year leading up to August 23rd, 2023, Bath & Body Works saw its shares fluctuate between $30.52 and $49.55 constituting not only short term but also relatively stable potential returns on invested companies funds taking into specific account periods where investors may leverage greater income increase effectiveness entering robust future equity projects,
When observing the moving averages, we note that the stock currently holds a 50-day average price of $37.24 and a 200-day average price of $37.55 bringing tempered progress within expected hours and calendars.
Analyzing the core functions of Bath & Body Works reveals that it operates as a specialty retailer specializing in an array of fragrances for homes, body care essentials, soaps and sanitizer products targeting both physical establishments all across USA markets with very well positioned Internet footprint capable competing against larger players within industry furthermore expanding reach into neighboring Canadian territories along partnering international enterprises under licensed franchise models or whole supplying agreements reaching all global strategic locations targeting creme de la creme clientele looking forward concepts instilling luxury status through signature scents invoked at will by customers
Wall Street has been buzzing with numerous analyst reports regarding Bath & Body Works’ performance and market position.With Telsey Advisory Group reissuing a strong ‘outperform’ rating on the company, and TheStreet upgrading their rating from ‘d’ to ‘c’, it’s clear that industry insiders are seeing potential growth for Bath & Body Works.
JPMorgan Chase & Co. lowered their target price from $48.00 to $38.00 while always maintaining a long term moderate stance – prior quite beneficially stated expectations pertain industry pertinent catastrophic tendencies impacted globally affinity production capacities under such volatility could only be guised within impressive performance suggestions.
Overall, the consensus rating among analysts points towards confidence in Bath & Body Works – with six maintaining a hold rating and eight expressing a buy rating, resulting in an aggregate “Moderate Buy” rating for BBWI. These analysts have also established a consensus price target of $47.20 based on data sourced from Bloomberg.com enabling effective financial trends forecasting provides sound recognizable scorecards defying market uncertainty leaning towards net positive investment allocations
As we delve into our latest research report on BBWI, it becomes evident that institutional investors perceive great potential in Bath & Body Works’ future prospects. With strategic acquisitions by highly reputable hedge funds and the mainstream rating of “Moderate Buy” being awarded by industry analysts, it seems that this specialty retailer will continue to attract stakeholders who seek steady returns amidst economic unpredictability -particularly amid frag