Erste Asset Management GmbH Boosts Stake in Bath & Body Works, Inc. $BBWI

Key Points

• Erste Asset Management GmbH increased its stake in Bath & Body Works by 6.6%, owning 1,690,449 shares worth approximately $51.28 million by the end of Q1.
• Institutional investors now own 95.14% of Bath & Body Works, with multiple firms, including Northwest Bank & Trust Co and Golden State Wealth Management LLC, also boosting their holdings.
• Bath & Body Works recently reported earnings of $0.49 EPS, surpassing estimates, and set its Q2 2025 guidance at $0.330-0.380 EPS.

Erste Asset Management GmbH increased its position in Bath & Body Works, Inc. (NYSE:BBWI - Free Report) by 6.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,690,449 shares of the company's stock after purchasing an additional 104,989 shares during the quarter. Erste Asset Management GmbH owned approximately 0.79% of Bath & Body Works worth $51,282,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in BBWI. Victory Capital Management Inc. lifted its stake in shares of Bath & Body Works by 14,732.0% in the 1st quarter. Victory Capital Management Inc. now owns 6,798,108 shares of the company's stock valued at $206,119,000 after purchasing an additional 6,752,274 shares during the period. D1 Capital Partners L.P. purchased a new position in shares of Bath & Body Works in the 4th quarter valued at approximately $109,797,000. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Bath & Body Works by 115.7% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,680,104 shares of the company's stock valued at $111,581,000 after purchasing an additional 1,973,679 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Bath & Body Works by 3,642.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,651,109 shares of the company's stock valued at $50,062,000 after purchasing an additional 1,606,988 shares during the period. Finally, Anomaly Capital Management LP lifted its stake in shares of Bath & Body Works by 38.3% in the 4th quarter. Anomaly Capital Management LP now owns 4,860,876 shares of the company's stock valued at $188,456,000 after purchasing an additional 1,346,752 shares during the period. Hedge funds and other institutional investors own 95.14% of the company's stock.

Bath & Body Works Stock Performance

Shares of BBWI stock traded up $1.6350 during mid-day trading on Friday, hitting $31.0550. The company's stock had a trading volume of 4,792,107 shares, compared to its average volume of 4,610,963. Bath & Body Works, Inc. has a 52-week low of $24.94 and a 52-week high of $41.87. The business has a 50-day moving average price of $30.30 and a 200 day moving average price of $30.97. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 1.04 and a beta of 1.54.

Bath & Body Works (NYSE:BBWI - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. Bath & Body Works had a negative return on equity of 47.44% and a net margin of 11.10%.The firm had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.42 billion. During the same quarter in the previous year, the business earned $0.38 earnings per share. The company's revenue was up 2.9% on a year-over-year basis. Bath & Body Works has set its Q2 2025 guidance at 0.330-0.380 EPS. Equities research analysts predict that Bath & Body Works, Inc. will post 3.3 EPS for the current fiscal year.

Bath & Body Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be paid a $0.20 dividend. The ex-dividend date is Friday, August 22nd. This represents a $0.80 annualized dividend and a dividend yield of 2.6%. Bath & Body Works's payout ratio is currently 21.33%.

Wall Street Analyst Weigh In

BBWI has been the subject of a number of research analyst reports. Morgan Stanley lowered their target price on Bath & Body Works from $49.00 to $43.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. The Goldman Sachs Group lowered their price objective on Bath & Body Works from $44.00 to $43.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Citigroup lowered their price objective on Bath & Body Works from $42.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, August 19th. Wells Fargo & Company lifted their price objective on Bath & Body Works from $40.00 to $44.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. Finally, Piper Sandler set a $39.00 price objective on Bath & Body Works and gave the company an "overweight" rating in a research note on Thursday, May 15th. Fourteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $42.06.

About Bath & Body Works

Bath & Body Works, Inc is a specialty retailers and home to America's Favorite Fragrances, offering a breadth of exclusive fragrances for the body and home, including the selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap.