Bath & Body Works, Inc. $BBWI Shares Bought by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC nearly doubled its Bath & Body Works stake in the second quarter, acquiring 291,470 additional shares for a total of 588,941 shares valued at $13.65 million. Institutional investors collectively own 95.14% of the company.
• Bath & Body Works reported quarterly revenue of $1.51 billion and adjusted earnings of $0.62 per share, beating analyst expectations, although revenue declined 2.3% year over year. The company guided to third-quarter EPS of $0.07–$0.12 and full-year EPS of $2.60–$2.80.
• Shares opened at $18.89, while analysts maintain a consensus “Hold” rating and a $22.13 price target. The company also pays a quarterly dividend of $0.20 per share, representing a 4.2% annualized yield.

Hsbc Holdings PLC increased its stake in Bath & Body Works, Inc. (NYSE:BBWI - Free Report) by 98.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 588,941 shares of the company's stock after acquiring an additional 291,470 shares during the period. Hsbc Holdings PLC owned approximately 0.29% of Bath & Body Works worth $13,651,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Bath & Body Works in the 2nd quarter valued at $449,065,000. AQR Capital Management LLC boosted its holdings in Bath & Body Works by 132.5% in the fourth quarter. AQR Capital Management LLC now owns 11,445,928 shares of the company's stock valued at $229,834,000 after acquiring an additional 6,523,960 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Bath & Body Works by 5.8% in the second quarter. Alliancebernstein L.P. now owns 5,737,796 shares of the company's stock valued at $171,904,000 after acquiring an additional 315,738 shares during the last quarter. Geode Capital Management LLC grew its position in Bath & Body Works by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 3,960,475 shares of the company's stock valued at $79,542,000 after acquiring an additional 110,602 shares during the period. Finally, Bank of America Corp DE grew its position in Bath & Body Works by 86.9% during the third quarter. Bank of America Corp DE now owns 3,399,390 shares of the company's stock valued at $87,568,000 after acquiring an additional 1,580,176 shares during the period. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Bath & Body Works Stock Performance

Shares of NYSE:BBWI opened at $18.89 on Wednesday. The business's 50-day simple moving average is $19.89 and its 200 day simple moving average is $19.73. The company has a market cap of $3.81 billion, a P/E ratio of 4.92, a PEG ratio of 2.01 and a beta of 1.38. Bath & Body Works, Inc. has a one year low of $14.27 and a one year high of $28.56.

Bath & Body Works (NYSE:BBWI - Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the prior year, the business earned $0.30 EPS. Bath & Body Works's quarterly 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. Analysts predict that Bath & Body Works, Inc. will post 2.73 earnings per share for the current year.

Bath & Body Works Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a $0.80 annualized dividend and a yield of 4.2%. Bath & Body Works's payout ratio is 20.83%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BBWI. Telsey Advisory Group cut their price objective on Bath & Body Works from $25.00 to $22.00 and set a "market perform" rating on the stock in a report on Thursday, May 28th. Robert W. Baird decreased their target price on Bath & Body Works from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, August 27th. 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 report on Tuesday, July 28th. Raymond James Financial reaffirmed a "market perform" rating on shares of Bath & Body Works in a research report on Wednesday, May 27th. Finally, BMO Capital Markets set a $20.00 price objective on shares of Bath & Body Works in a research note on Tuesday. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $22.13.

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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