Legal & General Group Plc purchased a new stake in shares of Bath & Body Works, Inc. (NYSE:BBWI – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 265,572 shares of the company’s stock, valued at approximately $6,143,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Bath & Body Works during the 2nd quarter worth about $449,065,000. AQR Capital Management LLC raised its holdings in Bath & Body Works by 132.5% in the 4th quarter. AQR Capital Management LLC now owns 11,445,928 shares of the company’s stock worth $229,834,000 after purchasing an additional 6,523,960 shares during the period. Norges Bank purchased a new position in Bath & Body Works during the fourth quarter worth approximately $55,504,000. Balyasny Asset Management L.P. acquired a new stake in Bath & Body Works in the fourth quarter valued at approximately $54,785,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Bath & Body Works in the second quarter valued at approximately $59,260,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.
Analyst Upgrades and Downgrades
BBWI has been the topic of a number of recent analyst reports. Raymond James Financial reiterated a “market perform” rating on shares of Bath & Body Works in a research report on Wednesday, May 27th. Barclays decreased their price objective on shares of Bath & Body Works from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, August 27th. Wells Fargo & Company cut their target price on shares of Bath & Body Works from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, August 27th. Morgan Stanley reduced their price target on shares of Bath & Body Works from $22.00 to $20.00 and set an “equal weight” rating for the company in a research report on Thursday, August 27th. Finally, Jefferies Financial Group raised their price target on shares of Bath & Body Works from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, July 28th. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bath & Body Works presently has an average rating of “Hold” and a consensus price target of $22.29.
Bath & Body Works Stock Performance
NYSE BBWI opened at $18.52 on Thursday. The business has a fifty day moving average price of $20.18 and a 200 day moving average price of $19.87. The company has a market cap of $3.73 billion, a P/E ratio of 4.82, a P/E/G ratio of 1.93 and a beta of 1.38. Bath & Body Works, Inc. has a one year low of $14.27 and a one year high of $32.32.
Bath & Body Works (NYSE:BBWI – Get Free Report) last announced its earnings results 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. Bath & Body Works had a net margin of 10.83% and a negative return on equity of 53.48%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the company posted $0.30 EPS. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. 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, sell-side analysts predict that Bath & Body Works, Inc. will post 2.7 EPS for the current fiscal year.
Bath & Body Works Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, August 21st. Bath & Body Works’s dividend payout ratio (DPR) is currently 20.83%.
Bath & Body Works 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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