Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Bath & Body Works, Inc. $BBWI

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Bath & Body Works, Inc. (NYSE:BBWI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,225,945 shares of the company’s stock, valued at approximately $28,356,000.

Other large investors also recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in shares of Bath & Body Works in the 2nd quarter worth $1,255,000. Evolve Private Wealth LLC acquired a new stake in shares of Bath & Body Works during the second quarter worth $300,000. Ieq Capital LLC acquired a new stake in shares of Bath & Body Works during the second quarter worth $7,178,000. Allworth Financial LP bought a new stake in Bath & Body Works in the second quarter valued at about $390,000. Finally, Frazier Financial Advisors LLC bought a new stake in Bath & Body Works in the second quarter valued at about $1,127,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BBWI shares. UBS Group restated a “neutral” rating on shares of Bath & Body Works in a report on Wednesday, August 19th. JPMorgan Chase & Co. upped their price target on Bath & Body Works from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, August 18th. Piper Sandler began coverage on shares of Bath & Body Works in a research report on Friday, May 15th. They issued a “neutral” rating and a $20.00 price target on the stock. Jefferies Financial Group increased 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 report on Tuesday, July 28th. Finally, Telsey Advisory Group reduced their price objective on shares of Bath & Body Works from $25.00 to $22.00 and set a “market perform” rating on the stock in a research note on Thursday, May 28th. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $22.57.

Bath & Body Works Stock Performance

Shares of BBWI stock opened at $19.16 on Tuesday. Bath & Body Works, Inc. has a 52 week low of $14.27 and a 52 week high of $32.32. The company’s 50 day moving average price is $20.46 and its two-hundred day moving average price is $20.06. The company has a market capitalization of $3.86 billion, a P/E ratio of 5.38, a price-to-earnings-growth ratio of 1.92 and a beta of 1.38.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.32 earnings per share 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 company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the company earned $0.49 earnings per share. The business’s quarterly 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. Analysts forecast that Bath & Body Works, Inc. will post 2.63 earnings per share for the current year.

Bath & Body Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be paid a $0.20 dividend. 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%.

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.