Frazier Financial Advisors LLC Invests $1.62 Million in Bath & Body Works, Inc. (NYSE:BBWI)

Frazier Financial Advisors LLC acquired a new position in Bath & Body Works, Inc. (NYSE:BBWI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 37,497 shares of the company’s stock, valued at approximately $1,618,000. Bath & Body Works comprises about 1.4% of Frazier Financial Advisors LLC’s holdings, making the stock its 13th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of BBWI. EverSource Wealth Advisors LLC increased its stake in Bath & Body Works by 72.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company’s stock valued at $35,000 after purchasing an additional 337 shares in the last quarter. Franklin Resources Inc. increased its stake in Bath & Body Works by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 171,910 shares of the company’s stock valued at $7,420,000 after purchasing an additional 2,532 shares in the last quarter. Trexquant Investment LP acquired a new position in Bath & Body Works during the 4th quarter valued at approximately $4,450,000. Hillsdale Investment Management Inc. increased its stake in Bath & Body Works by 25.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 16,700 shares of the company’s stock valued at $721,000 after purchasing an additional 3,400 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Bath & Body Works by 3.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 87,132 shares of the company’s stock valued at $3,761,000 after purchasing an additional 3,003 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling at Bath & Body Works

In related news, insider Thomas E. Mazurek sold 4,285 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $48.89, for a total value of $209,493.65. Following the sale, the insider now directly owns 45,992 shares in the company, valued at approximately $2,248,548.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is currently owned by corporate insiders.

Bath & Body Works Stock Down 2.6 %

Bath & Body Works stock traded down $1.31 during trading on Wednesday, reaching $48.70. The stock had a trading volume of 1,597,597 shares, compared to its average volume of 2,668,803. Bath & Body Works, Inc. has a 52-week low of $27.30 and a 52-week high of $50.82. The business has a 50 day moving average price of $46.79 and a 200 day moving average price of $42.75. The stock has a market cap of $10.89 billion, a PE ratio of 12.89, a P/E/G ratio of 1.64 and a beta of 1.89.

Bath & Body Works (NYSE:BBWI) last issued its quarterly earnings results on Thursday, February 29th. The company reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.21. Bath & Body Works had a net margin of 11.82% and a negative return on equity of 37.01%. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the previous year, the firm earned $1.86 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. On average, equities analysts predict that Bath & Body Works, Inc. will post 3.31 EPS for the current fiscal year.

Bath & Body Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.80 annualized dividend and a yield of 1.64%. Bath & Body Works’s dividend payout ratio is currently 20.78%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $53.00 price objective on shares of Bath & Body Works in a report on Friday, April 5th. JPMorgan Chase & Co. raised shares of Bath & Body Works from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $40.00 to $53.00 in a report on Friday, May 17th. Robert W. Baird upped their price objective on shares of Bath & Body Works from $50.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Piper Sandler upped their price objective on shares of Bath & Body Works from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Finally, Evercore ISI upped their price objective on shares of Bath & Body Works from $30.00 to $45.00 and gave the company an “in-line” rating in a report on Friday, March 1st. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $47.57.

About Bath & Body Works

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.