Dimensional Fund Advisors LP Sells 291,925 Shares of Bath & Body Works, Inc. $BBWI

Dimensional Fund Advisors LP trimmed its holdings in Bath & Body Works, Inc. (NYSE:BBWI - Free Report) by 11.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,344,717 shares of the company's stock after selling 291,925 shares during the period. Dimensional Fund Advisors LP owned 1.16% of Bath & Body Works worth $43,776,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BBWI. Geneos Wealth Management Inc. boosted its position in shares of 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 acquiring an additional 801 shares during the period. Danske Bank A S acquired a new position in shares of Bath & Body Works in the 3rd quarter valued at approximately $39,000. Global Retirement Partners LLC bought a new position in Bath & Body Works in the fourth quarter valued at approximately $31,000. Activest Wealth Management bought a new stake in shares of Bath & Body Works during the 4th quarter worth $32,000. Finally, Advisory Services Network LLC bought a new position in shares of Bath & Body Works in the third quarter worth about $48,000. Institutional investors and hedge funds own 95.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays reduced 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. Piper Sandler started coverage on shares of Bath & Body Works in a report on Friday, May 15th. They issued a "neutral" rating and a $20.00 target price on the stock. UBS Group reduced their price objective on shares of Bath & Body Works from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, May 20th. TD Cowen boosted their target price on Bath & Body Works from $20.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group lowered shares of Bath & Body Works from a "neutral" rating to a "sell" rating and decreased their price target for the company from $23.00 to $19.00 in a research note on Wednesday, July 8th. Three investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Bath & Body Works has a consensus rating of "Hold" and a consensus price target of $21.93.

Bath & Body Works Stock Up 0.1%

BBWI stock opened at $20.13 on Monday. The stock has a 50-day simple moving average of $20.15 and a two-hundred day simple moving average of $20.36. Bath & Body Works, Inc. has a twelve month low of $14.27 and a twelve month high of $32.32. The firm has a market capitalization of $4.06 billion, a PE ratio of 5.66, a PEG ratio of 1.99 and a beta of 1.38.

Bath & Body Works (NYSE:BBWI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The company's revenue for the quarter was down 3.2% on a year-over-year basis. 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 research analysts anticipate that Bath & Body Works, Inc. will post 2.63 EPS for the current fiscal year.

Bath & Body Works Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 5th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, June 5th. Bath & Body Works's dividend payout ratio (DPR) is presently 22.47%.

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.

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