The average one-year price target for Bath & Body Works (NYSE:BBWI) has been revised to 51.47 / share. This is an increase of 12.85% from the prior estimate of 45.61 dated February 21, 2024.

The price target is an average of many targets provided by analysts. The latest targets range from a low of 42.42 to a high of 63.00 / share. The average price target represents an increase of 14.98% from the latest reported closing price of 44.76 / share.

Bath & Body Works Declares $0.20 Dividend

On February 9, 2024 the company declared a regular quarterly dividend of $0.20 per share ($0.80 annualized). Shareholders of record as of February 23, 2024 received the payment on March 8, 2024. Previously, the company paid $0.20 per share.

At the current share price of $44.76 / share, the stock's dividend yield is 1.79%.

Looking back five years and taking a sample every week, the average dividend yield has been 3.49%, the lowest has been 0.75%, and the highest has been 16.36%. The standard deviation of yields is 3.05 (n=194).

The current dividend yield is 0.56 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is 0.21. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.33%, demonstrating that it has increased its dividend over time.

• For more in-depth coverage of Bath & Body Works, view the free, crowd-sourced company research report on Finpedia.

What is the Fund Sentiment?

There are 1078 funds or institutions reporting positions in Bath & Body Works. This is a decrease of 15 owner(s) or 1.37% in the last quarter. Average portfolio weight of all funds dedicated to BBWI is 0.21%, an increase of 12.70%. Total shares owned by institutions decreased in the last three months by 0.84% to 238,428K shares. The put/call ratio of BBWI is 1.51, indicating a bearish outlook.

What are Other Shareholders Doing?

Third Point holds 13,850K shares representing 6.13% ownership of the company. No change in the last quarter.

T. Rowe Price Investment Management holds 11,748K shares representing 5.20% ownership of the company. In it's prior filing, the firm reported owning 11,723K shares, representing an increase of 0.21%. The firm increased its portfolio allocation in BBWI by 17.70% over the last quarter.

Lone Pine Capital holds 10,449K shares representing 4.62% ownership of the company. In it's prior filing, the firm reported owning 8,706K shares, representing an increase of 16.68%. The firm increased its portfolio allocation in BBWI by 37.52% over the last quarter.

Jpmorgan Chase holds 7,536K shares representing 3.34% ownership of the company. In it's prior filing, the firm reported owning 6,150K shares, representing an increase of 18.39%. The firm increased its portfolio allocation in BBWI by 36.26% over the last quarter.

Price T Rowe Associates holds 7,271K shares representing 3.22% ownership of the company. In it's prior filing, the firm reported owning 9,305K shares, representing a decrease of 27.97%. The firm decreased its portfolio allocation in BBWI by 54.62% over the last quarter.

Bath & Body Works Background Information
(This description is provided by the company.)

Bath & Body Works is one of the world's leading specialty retailers and home to America's Favorite Fragrances® offering a breadth of exclusive fragrances for the body and home, including the #1 selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap. For more than 30 years, customers have looked to Bath & Body Works for quality, on-trend products and the newest, freshest fragrances. Today, these fragrant products can be purchased at more than 1,750 company-operated Bath & Body Works locations in the U.S. and Canada, and more than 300 international franchised locations, as well as on bathandbodyworks.com.