Erste Asset Management GmbH Sells 2,379,386 Shares of Bath & Body Works, Inc. $BBWI

Erste Asset Management GmbH trimmed its position in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 94.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,205 shares of the company’s stock after selling 2,379,386 shares during the quarter. Erste Asset Management GmbH’s holdings in Bath & Body Works were worth $2,863,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. WINTON GROUP Ltd bought a new stake in Bath & Body Works during the fourth quarter worth about $3,175,000. Parallel Advisors LLC grew its stake in Bath & Body Works by 42.6% during the fourth quarter. Parallel Advisors LLC now owns 1,897 shares of the company’s stock worth $38,000 after buying an additional 567 shares during the last quarter. Cibc World Market Inc. bought a new stake in Bath & Body Works during the fourth quarter worth about $2,053,000. Sivia Capital Partners LLC bought a new stake in Bath & Body Works during the fourth quarter worth about $577,000. Finally, Bank of New York Mellon Corp grew its stake in Bath & Body Works by 36.9% during the fourth quarter. Bank of New York Mellon Corp now owns 2,521,259 shares of the company’s stock worth $50,627,000 after buying an additional 679,009 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Bath & Body Works from $29.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, May 28th. TD Cowen increased their price target on shares of Bath & Body Works from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Bath & Body Works from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd. Weiss Ratings cut shares of Bath & Body Works from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 2nd. Finally, Raymond James Financial reissued a “market perform” rating on shares of Bath & Body Works in a research note on Wednesday, May 27th. Three investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Bath & Body Works presently has a consensus rating of “Hold” and an average target price of $21.93.

Bath & Body Works Price Performance

BBWI opened at $18.33 on Wednesday. Bath & Body Works, Inc. has a one year low of $14.27 and a one year high of $33.96. The company’s 50 day simple moving average is $18.62 and its 200-day simple moving average is $20.03. The stock has a market capitalization of $3.70 billion, a P/E ratio of 5.15, a price-to-earnings-growth ratio of 1.82 and a beta of 1.42.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. Bath & Body Works had a net margin of 10.03% and a negative return on equity of 45.34%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. Bath & Body Works’s revenue was down 3.2% compared to the same quarter last year. Bath & Body Works has set its Q2 2026 guidance at 0.300-0.300 EPS and its FY 2026 guidance at 2.400-2.650 EPS. As a group, analysts anticipate that Bath & Body Works, Inc. will post 2.62 EPS for the current year.

Bath & Body Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, June 5th. Bath & Body Works’s dividend payout ratio is currently 22.47%.

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.