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

Hills Bank & Trust Co grew its position in Bath & Body Works, Inc. (NYSE:BBWI) by 4.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,915 shares of the company’s stock after buying an additional 1,069 shares during the quarter. Hills Bank & Trust Co’s holdings in Bath & Body Works were worth $989,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Commonwealth Equity Services LLC lifted its holdings in Bath & Body Works by 3.3% in the third quarter. Commonwealth Equity Services LLC now owns 11,044 shares of the company’s stock valued at $373,000 after buying an additional 348 shares during the period. Raymond James & Associates lifted its holdings in shares of Bath & Body Works by 1,063.4% in the 3rd quarter. Raymond James & Associates now owns 103,099 shares of the company’s stock worth $3,485,000 after acquiring an additional 94,237 shares during the last quarter. Forsta AP Fonden increased its stake in shares of Bath & Body Works by 13.4% during the third quarter. Forsta AP Fonden now owns 63,300 shares of the company’s stock valued at $2,140,000 after buying an additional 7,500 shares during the period. New York State Teachers Retirement System boosted its position in Bath & Body Works by 3.6% during the 3rd quarter. New York State Teachers Retirement System now owns 241,567 shares of the company’s stock valued at $8,165,000 after acquiring an additional 8,362 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Bath & Body Works by 3.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,138 shares of the company’s stock worth $1,052,000 after acquiring an additional 955 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling

In other news, insider Thomas E. Mazurek sold 4,285 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $48.89, for a total transaction of $209,493.65. Following the transaction, the insider now directly owns 45,992 shares of the company’s stock, valued at $2,248,548.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of Bath & Body Works from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. The Goldman Sachs Group increased their price objective on shares of Bath & Body Works from $49.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Evercore ISI boosted their target price on shares of Bath & Body Works from $30.00 to $45.00 and gave the company an “in-line” rating in a research note on Friday, March 1st. Telsey Advisory Group restated an “outperform” rating and set a $53.00 price target on shares of Bath & Body Works in a research note on Friday, April 5th. Finally, Robert W. Baird lifted their price target on Bath & Body Works from $50.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Bath & Body Works currently has a consensus rating of “Hold” and a consensus target price of $46.73.

Bath & Body Works Stock Up 2.0 %

Shares of BBWI traded up $0.94 on Thursday, reaching $48.56. The stock had a trading volume of 2,041,390 shares, compared to its average volume of 2,727,121. The firm has a market capitalization of $10.92 billion, a PE ratio of 12.37, a PEG ratio of 1.49 and a beta of 1.89. Bath & Body Works, Inc. has a twelve month low of $27.30 and a twelve month high of $50.34. The firm has a 50-day moving average of $46.07 and a 200 day moving average of $41.43.

Bath & Body Works (NYSE:BBWI) last released its earnings results on Thursday, February 29th. The company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.85 by $0.21. The firm had revenue of $2.91 billion during 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%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.86 earnings per share. On average, sell-side analysts anticipate that Bath & Body Works, Inc. will post 3.3 earnings per share for the current fiscal year.

Bath & Body Works Announces Dividend

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

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.