Public Employees Retirement System of Ohio Makes New Investment in Bath & Body Works, Inc. $BBWI

Public Employees Retirement System of Ohio bought a new stake in shares of Bath & Body Works, Inc. (NYSE:BBWI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 57,298 shares of the company's stock, valued at approximately $1,325,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Bath & Body Works during the 2nd quarter worth $449,065,000. AQR Capital Management LLC grew its stake 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 purchasing an additional 6,523,960 shares during the last quarter. Norges Bank purchased a new position in Bath & Body Works in the fourth quarter valued at about $55,504,000. Balyasny Asset Management L.P. bought a new position in Bath & Body Works in the fourth quarter worth about $54,785,000. Finally, Bank of America Corp DE bought a new position in Bath & Body Works in the second quarter worth about $62,249,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Bath & Body Works Stock Up 0.3%

BBWI opened at $19.56 on Tuesday. The company has a market cap of $3.94 billion, a P/E ratio of 5.09, a price-to-earnings-growth ratio of 2.01 and a beta of 1.38. The firm's 50-day moving average price is $19.98 and its 200-day moving average price is $19.76. Bath & Body Works, Inc. has a 52-week low of $14.27 and a 52-week high of $32.03.

Bath & Body Works (NYSE:BBWI - Get Free Report) last released its earnings results on Wednesday, August 26th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.38. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. Bath & Body Works had a net margin of 10.83% and a negative return on equity of 53.48%. Bath & Body Works's revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the business earned $0.30 EPS. 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. On average, research analysts anticipate that Bath & Body Works, Inc. will post 2.73 EPS for the current fiscal year.

Bath & Body Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.1%. Bath & Body Works's payout ratio is 20.83%.

Analyst Upgrades and Downgrades

Several research firms have commented on BBWI. Deutsche Bank Aktiengesellschaft set a $22.00 price target on shares of Bath & Body Works in a research report on Thursday, August 27th. UBS Group reduced their price objective on shares of Bath & Body Works from $19.00 to $17.00 and set a "neutral" rating for the company in a research note on Thursday, August 27th. TD Cowen increased their target price on shares of Bath & Body Works from $20.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, May 28th. Raymond James Financial restated a "market perform" rating on shares of Bath & Body Works in a research note on Wednesday, May 27th. Finally, Wells Fargo & Company cut their price target on shares of Bath & Body Works from $26.00 to $24.00 and set an "overweight" rating on the stock in a report on Thursday, August 27th. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $22.29.

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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