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Sound Shore Management Inc CT recently acquired 397,148 shares of Bath & Body Works, Inc. valued at $13,424,000. Other hedge funds, like Picton Mahoney Asset Management and Victory Capital Management Inc., also bought shares of the company in the third quarter. Empirical Finance LLC raised its stake by 10.4%.

Shares of BBWI opened at $42.44 on Friday, an increase of 1.9%. The company has a market cap of $9.59 billion, a P/E ratio of 13.30, and a 50-day moving average of $39.63.

Bath & Body Works last reported $0.48 earnings per share for the quarter, surpassing the consensus estimate of $0.35. Revenue was $1.56 billion, 2.6% below the same quarter last year.

A quarterly dividend of $0.20 was paid on December 1st. Analysts have an average rating of “Hold” and an average price target of $41.14 for the stock.

Bath & Body Works operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. The company sells its products through retail stores, e-commerce sites, and international stores operated by partners under franchise, license, and wholesale arrangements.



Read more: Sound Shore Management Inc CT Makes New Investment in Bath & Body Works, Inc. (NYSE:BBWI)