Hills Bank & Trust Co Has $989,000 Stock Position in Bath & Body Works, Inc. (NYSE:BBWI)

Hills Bank & Trust Co boosted its holdings in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 4.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,915 shares of the company’s stock after acquiring an additional 1,069 shares during the quarter. Hills Bank & Trust Co’s holdings in Bath & Body Works were worth $989,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BBWI. Charles Schwab Investment Management Inc. boosted its position in Bath & Body Works by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,963,919 shares of the company’s stock valued at $84,763,000 after purchasing an additional 38,272 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Bath & Body Works by 68.7% in the 4th quarter. National Bank of Canada FI now owns 179,363 shares of the company’s stock valued at $8,026,000 after buying an additional 73,072 shares in the last quarter. New York Life Investment Management LLC increased its holdings in Bath & Body Works by 2.1% in the fourth quarter. New York Life Investment Management LLC now owns 57,546 shares of the company’s stock worth $2,484,000 after buying an additional 1,208 shares during the last quarter. South Dakota Investment Council lifted its stake in Bath & Body Works by 4.5% in the fourth quarter. South Dakota Investment Council now owns 74,677 shares of the company’s stock valued at $3,223,000 after acquiring an additional 3,200 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in Bath & Body Works in the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Transactions at Bath & Body Works

In related 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 transaction of $209,493.65. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Bath & Body Works from $50.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $53.00 price target on shares of Bath & Body Works in a report on Friday, April 5th. TD Cowen upped their price objective 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. The Goldman Sachs Group lifted their target price on shares of Bath & Body Works from $49.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, Piper Sandler boosted their price objective on Bath & Body Works from $44.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $46.73.

Bath & Body Works Stock Up 2.0 %

NYSE BBWI traded up $0.94 on Thursday, reaching $48.56. The company had a trading volume of 2,041,390 shares, compared to its average volume of 2,727,121. The stock has a market cap of $10.92 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 1.49 and a beta of 1.89. The stock’s 50 day moving average is $46.07 and its 200-day moving average is $41.43. Bath & Body Works, Inc. has a 52 week low of $27.30 and a 52 week high of $50.34.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings data on Thursday, February 29th. The company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.21. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.86 EPS. As a group, analysts forecast that Bath & Body Works, Inc. will post 3.3 EPS for the current year.

Bath & Body Works Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Thursday, February 22nd. Bath & Body Works’s payout ratio is 20.78%.

Bath & Body Works 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.