Quantitative Investment Management LLC Acquires Shares of 40,354 Bath & Body Works, Inc. $BBWI

Quantitative Investment Management LLC bought a new position in shares of Bath & Body Works, Inc. (NYSE:BBWI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 40,354 shares of the company’s stock, valued at approximately $933,000.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Bath & Body Works during the 2nd quarter worth $449,065,000. AQR Capital Management LLC lifted its position in shares of Bath & Body Works by 132.5% during the 4th quarter. AQR Capital Management LLC now owns 11,445,928 shares of the company’s stock worth $229,834,000 after buying an additional 6,523,960 shares during the last quarter. Norges Bank acquired a new stake in Bath & Body Works in the fourth quarter valued at about $55,504,000. Balyasny Asset Management L.P. acquired a new stake in Bath & Body Works in the fourth quarter valued at about $54,785,000. Finally, Bank of America Corp DE bought a new position in Bath & Body Works in the second quarter valued at about $62,249,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Morgan Stanley dropped their target price on shares of Bath & Body Works from $22.00 to $20.00 and set an “equal weight” rating for the company in a report on Thursday, August 27th. Weiss Ratings raised shares of Bath & Body Works from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Robert W. Baird lowered their price objective on shares of Bath & Body Works from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, August 27th. Citigroup raised shares of Bath & Body Works from a “neutral” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, August 18th. Finally, Wells Fargo & Company cut their target price on shares of Bath & Body Works from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, August 27th. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $22.29.

Bath & Body Works Trading Down 3.3%

NYSE:BBWI opened at $18.62 on Wednesday. The stock has a market cap of $3.75 billion, a P/E ratio of 4.85, a price-to-earnings-growth ratio of 2.00 and a beta of 1.38. The stock’s 50-day moving average is $20.25 and its 200-day moving average is $19.90. Bath & Body Works, Inc. has a 1-year low of $14.27 and a 1-year high of $32.32.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings data on Wednesday, August 26th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.38. Bath & Body Works had a negative return on equity of 53.48% and a net margin of 10.83%.The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm posted $0.30 earnings per share. The firm’s revenue was down 2.3% compared to the same quarter last year. 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 analysts forecast that Bath & Body Works, Inc. will post 2.7 EPS for the current year.

Bath & Body Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, August 21st. Bath & Body Works’s dividend payout ratio is 20.83%.

About Bath & Body Works

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.