Caisse de depot et placement du Quebec acquired a new position in shares of Bath & Body Works, Inc. (NYSE:BBWI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 160,800 shares of the company's stock, valued at approximately $3,719,000. Caisse de depot et placement du Quebec owned about 0.08% of Bath & Body Works as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in shares of Bath & Body Works by 92.8% during the 1st quarter. Royal Bank of Canada now owns 59,877 shares of the company's stock valued at $1,815,000 after acquiring an additional 28,815 shares during the period. Goldman Sachs Group Inc. raised 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 purchasing an additional 87,529 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised 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 purchasing an additional 36,684 shares during the period. Intech Investment Management LLC purchased a new position in Bath & Body Works in the first quarter valued at approximately $1,155,000. Finally, Geneos Wealth Management Inc. lifted its stake in Bath & Body Works by 217.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,169 shares of the company's stock valued at $35,000 after purchasing an additional 801 shares during the last quarter. Institutional investors own 95.14% of the company's stock.
Key Stories Impacting Bath & Body Works
Here are the key news stories impacting Bath & Body Works this week:
- Positive Sentiment: Q2 earnings beat and outlook increase: Bath & Body Works exceeded Wall Street expectations for second-quarter EPS and revenue, supported by stronger direct sales. Management also raised its fiscal 2026 outlook, signaling improving operating momentum and helping drive the stock’s recent advance. BBWI Stock Jumps 7.5% on Q2 Earnings Beat, Fiscal 2026 Outlook Raised
- Positive Sentiment: Above-average call activity: Traders purchased 6,948 call options, 64% above the typical daily volume. The activity may indicate increased near-term bullish interest, although options flow alone does not confirm a change in fundamentals.
- Positive Sentiment: Bullish expectations from some investors: A recent analysis argues that market expectations for Bath & Body Works may be too low, suggesting potential upside if the company continues delivering on its earnings and outlook improvements. Bath & Body Works: Market Expectations Are Set Too Low
Bath & Body Works Trading Up 3.2%
BBWI opened at $19.25 on Friday. Bath & Body Works, Inc. has a 12 month low of $14.27 and a 12 month high of $32.32. The company has a market cap of $3.88 billion, a PE ratio of 5.01, a price-to-earnings-growth ratio of 1.97 and a beta of 1.38. The company has a 50 day moving average of $20.30 and a 200 day moving average of $19.97.
Bath & Body Works (NYSE:BBWI - Get Free Report) last issued its earnings results on Wednesday, August 26th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.38. Bath & Body Works had a net margin of 10.83% and a negative return on equity of 53.48%. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. The business's revenue for the quarter 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. Research analysts forecast that Bath & Body Works, Inc. will post 2.7 earnings per share for the current fiscal year.
Bath & Body Works Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Friday, August 21st. Bath & Body Works's payout ratio is presently 20.83%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on BBWI shares. JPMorgan Chase & Co. raised their target price on Bath & Body Works from $22.00 to $24.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 18th. Telsey Advisory Group dropped their price target on Bath & Body Works from $25.00 to $22.00 and set a "market perform" rating on the stock in a research report on Thursday, May 28th. Barclays cut their price target on Bath & Body Works from $23.00 to $22.00 and set an "equal weight" rating for the company in a research note on Thursday. TD Cowen lifted their price objective on Bath & Body Works from $20.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, May 28th. Finally, Wells Fargo & Company lowered their price objective on Bath & Body Works from $26.00 to $24.00 and set an "overweight" rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $22.29.
Get Our Latest Report on Bath & Body Works
About Bath & Body Works
(
Free Report)
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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