Parallax Volatility Advisers L.P. acquired a new position in Bath & Body Works, Inc. (NYSE:BBWI – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 42,679 shares of the company’s stock, valued at approximately $987,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in BBWI. Chase Investment Counsel Corp purchased a new stake in Bath & Body Works in the 4th quarter worth $1,606,000. Bank of America Corp DE lifted its position in shares of Bath & Body Works by 26.2% in the first quarter. Bank of America Corp DE now owns 2,050,414 shares of the company’s stock valued at $38,281,000 after acquiring an additional 425,248 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Bath & Body Works by 462.6% in the fourth quarter. Intech Investment Management LLC now owns 108,766 shares of the company’s stock worth $2,184,000 after acquiring an additional 89,432 shares during the period. Cibc World Market Inc. bought a new position in shares of Bath & Body Works in the fourth quarter worth about $2,053,000. Finally, BlackRock Inc. purchased a new stake in shares of Bath & Body Works during the second quarter worth about $449,065,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.
Bath & Body Works News Roundup
Here are the key news stories impacting Bath & Body Works this week:
- Positive Sentiment: Bath & Body Works reported second-quarter adjusted EPS of $0.62, well above the $0.24 analyst consensus, while revenue of $1.51 billion slightly exceeded expectations. Bath & Body Works Q2 Earnings and Revenues Surpass Estimates
- Positive Sentiment: Management raised fiscal 2026 adjusted EPS guidance to $2.60-$2.80, above its previous range of $2.40-$2.65 and ahead of the roughly $2.56 consensus. The company also reiterated revenue expectations of approximately $7.5-$7.6 billion. Bath & Body Works Raises Earnings Outlook on Higher Profit
- Positive Sentiment: Digital demand and direct-channel sales growth are offsetting weaker physical-store traffic. Management also highlighted ongoing transformation initiatives, including planned cost savings, stronger cash flow and potential balance-sheet improvement that could support future shareholder returns. Bath & Body Works lifts annual profit forecast
- Neutral Sentiment: The earnings call and bullish commentary frame BBWI as a discounted turnaround opportunity, but investors will likely require sustained sales growth and execution before assigning a higher valuation.
- Negative Sentiment: Second-quarter net sales declined 2.3% year over year, and third-quarter adjusted EPS guidance of only $0.07-$0.12 is substantially below the approximately $0.27 consensus. The outlook reflects continued near-term pressure from store traffic and seasonality. Bath & Body Works falls despite earnings beat
- Negative Sentiment: Heavy put-option activity ahead of the report signaled elevated bearish hedging and helps explain the stock’s volatility despite the earnings beat.
Bath & Body Works Trading Up 7.6%
Bath & Body Works (NYSE:BBWI – Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.38. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Bath & Body Works had a negative return on equity of 45.34% and a net margin of 10.03%.The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. Bath & Body Works has set its Q3 2026 guidance at 0.070-0.120 EPS and its FY 2026 guidance at 2.600-2.800 EPS. As a group, equities research analysts forecast that Bath & Body Works, Inc. will post 2.63 earnings per share for the current fiscal year.
Bath & Body Works Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.80 dividend on an annualized basis and a yield of 4.2%. Bath & Body Works’s dividend payout ratio is presently 22.47%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on BBWI. Jefferies Financial Group lifted their target price on Bath & Body Works from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, July 28th. Barclays cut their price objective on shares of Bath & Body Works from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, May 28th. UBS Group reiterated a “neutral” rating on shares of Bath & Body Works in a research report on Wednesday, August 19th. The Goldman Sachs Group downgraded shares of Bath & Body Works from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $23.00 to $19.00 in a report on Wednesday, July 8th. Finally, Citigroup upgraded shares of Bath & Body Works from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, August 18th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $22.57.
Check Out Our Latest Research Report on Bath & Body Works
Bath & Body Works Company Profile
Bath & Body Works, Inc is a leading specialty retailer focused on personal care, home fragrance and complementary products. Through its flagship Bath & Body Works brand, the company offers a diverse assortment of shower gels, lotions, fragrance mists, candles and home fragrance items. Its product portfolio also includes the White Barn Candle Co range of premium scented candles and diffusers. Bath & Body Works serves consumers through a combination of brick-and-mortar stores and e-commerce platforms, delivering seasonal collections, limited-edition releases and signature scent lines.
Founded in 1990 as part of Limited Brands (now L Brands), Bath & Body Works opened its first store in New Albany, Ohio, and quickly expanded across the United States.
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