19,414,831 Shares in Bath & Body Works, Inc. $BBWI Acquired by BlackRock Inc.

Key Points

• BlackRock acquired 19.4 million shares of Bath & Body Works during the second quarter, worth approximately $449.1 million and representing a 9.63% stake. Institutional investors collectively own 95.14% of the company.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and an average price target of $22.57; ratings include four Buys, 13 Holds and one Sell.
• Bath & Body Works exceeded quarterly earnings and revenue expectations, but sales fell 3.2% year over year. The company also declared a quarterly dividend of $0.20 per share, implying a 4.2% annualized yield.

BlackRock Inc. bought a new position in Bath & Body Works, Inc. (NYSE:BBWI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,414,831 shares of the company's stock, valued at approximately $449,065,000. BlackRock Inc. owned approximately 9.63% of Bath & Body Works as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in Bath & Body Works by 92.8% during the first quarter. Royal Bank of Canada now owns 59,877 shares of the company's stock valued at $1,815,000 after purchasing an additional 28,815 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Bath & Body Works by 15.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 645,970 shares of the company's stock worth $19,586,000 after buying an additional 87,529 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Bath & Body Works by 7.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 562,757 shares of the company's stock worth $17,063,000 after buying an additional 36,684 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Bath & Body Works during the 1st quarter valued at about $1,155,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Bath & Body Works by 217.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,169 shares of the company's stock valued at $35,000 after buying an additional 801 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Weiss Ratings upgraded Bath & Body Works from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, July 9th. Barclays decreased their price objective on Bath & Body Works from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 28th. TD Cowen raised their price objective on Bath & Body Works from $20.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday, May 28th. Telsey Advisory Group dropped their target price on Bath & Body Works from $25.00 to $22.00 and set a "market perform" rating for the company in a report on Thursday, May 28th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $22.00 target price on shares of Bath & Body Works in a research report on Monday, July 6th. Four investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $22.57.

Bath & Body Works Price Performance

Shares of BBWI opened at $19.16 on Tuesday. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 5.38, a PEG ratio of 1.92 and a beta of 1.38. Bath & Body Works, Inc. has a 1-year low of $14.27 and a 1-year high of $32.32. The company has a 50-day moving average of $20.46 and a 200 day moving average of $20.06.

Bath & Body Works (NYSE:BBWI - Get Free Report) last issued its earnings results on Wednesday, May 27th. The company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. Bath & Body Works had a net margin of 10.03% and a negative return on equity of 45.34%. The company's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 EPS. 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. On average, equities analysts anticipate that Bath & Body Works, Inc. will post 2.63 earnings per share for the current fiscal year.

Bath & Body Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, August 21st. Bath & Body Works's payout ratio is presently 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.

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