Campbell & CO Investment Adviser LLC Makes New $1.52 Million Investment in Bath & Body Works, Inc. (NYSE:BBWI)

Campbell & CO Investment Adviser LLC purchased a new stake in shares of Bath & Body Works, Inc. (NYSE:BBWI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,093 shares of the company’s stock, valued at approximately $1,515,000.

Several other large investors have also made changes to their positions in BBWI. Front Row Advisors LLC acquired a new position in shares of Bath & Body Works during the third quarter valued at $25,000. Trust Co. of Vermont bought a new stake in Bath & Body Works in the third quarter valued at about $27,000. Denali Advisors LLC bought a new stake in Bath & Body Works in the fourth quarter valued at about $27,000. GAMMA Investing LLC bought a new stake in Bath & Body Works in the fourth quarter valued at about $27,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in Bath & Body Works in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Activity

In other Bath & Body Works news, insider Thomas E. Mazurek sold 4,285 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $48.89, for a total value of $209,493.65. Following the completion of the sale, the insider now owns 45,992 shares in the company, valued at $2,248,548.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.27% of the stock is currently owned by insiders.

Analysts Set New Price Targets

BBWI has been the subject of a number of recent analyst reports. Piper Sandler upped their price objective on Bath & Body Works from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Telsey Advisory Group restated an “outperform” rating and issued a $53.00 price target on shares of Bath & Body Works in a report on Wednesday, May 29th. Wells Fargo & Company raised their price target on Bath & Body Works from $42.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 24th. UBS Group boosted their price objective on Bath & Body Works from $46.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. Finally, TD Cowen raised their target price on shares of Bath & Body Works from $35.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Bath & Body Works has a consensus rating of “Hold” and an average price target of $47.57.

Bath & Body Works Price Performance

BBWI stock traded up $0.44 during midday trading on Monday, hitting $52.38. The company’s stock had a trading volume of 2,221,960 shares, compared to its average volume of 2,630,906. The company’s fifty day moving average price is $47.17 and its 200 day moving average price is $43.76. Bath & Body Works, Inc. has a twelve month low of $27.30 and a twelve month high of $52.99. The stock has a market capitalization of $11.72 billion, a P/E ratio of 13.49, a PEG ratio of 1.67 and a beta of 1.90.

Bath & Body Works (NYSE:BBWI) last released its earnings results on Thursday, February 29th. The company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.21. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.84 billion. Bath & Body Works had a negative return on equity of 37.01% and a net margin of 11.82%. Bath & Body Works’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.86 earnings per share. Equities analysts expect that Bath & Body Works, Inc. will post 3.33 EPS for the current fiscal year.

Bath & Body Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, June 7th. Bath & Body Works’s dividend payout ratio is currently 20.78%.

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.