265,572 Shares in Bath & Body Works, Inc. $BBWI Acquired by Legal & General Group Plc

Legal & General Group Plc bought a new stake in shares of Bath & Body Works, Inc. (NYSE:BBWI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 265,572 shares of the company’s stock, valued at approximately $6,143,000. Legal & General Group Plc owned about 0.13% of Bath & Body Works as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Chase Investment Counsel Corp purchased a new stake in Bath & Body Works in the fourth quarter valued at about $1,606,000. Bank of America Corp DE grew its stake in shares of Bath & Body Works by 26.2% during the first quarter. Bank of America Corp DE now owns 2,050,414 shares of the company’s stock worth $38,281,000 after acquiring an additional 425,248 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Bath & Body Works during the second quarter valued at about $449,065,000. Intech Investment Management LLC increased its holdings in shares of Bath & Body Works by 462.6% during the fourth quarter. Intech Investment Management LLC now owns 108,766 shares of the company’s stock valued at $2,184,000 after acquiring an additional 89,432 shares in the last quarter. Finally, Cibc World Market Inc. purchased a new position in shares of Bath & Body Works in the 4th quarter valued at approximately $2,053,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Telsey Advisory Group lowered their target price on shares of Bath & Body Works from $25.00 to $22.00 and set a “market perform” rating for the company in a research note on Thursday, May 28th. Robert W. Baird decreased their price target on shares of Bath & Body Works from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, August 27th. Piper Sandler assumed coverage on shares of Bath & Body Works in a research note on Friday, May 15th. They set a “neutral” rating and a $20.00 price objective for the company. Raymond James Financial reiterated a “market perform” rating on shares of Bath & Body Works in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group boosted their price objective 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. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bath & Body Works currently has an average rating of “Hold” and an average price target of $22.29.

Bath & Body Works Trading Down 0.5%

Shares of NYSE BBWI opened at $18.52 on Thursday. The company has a 50 day simple moving average of $20.18 and a two-hundred day simple moving average of $19.87. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 4.82, a PEG ratio of 1.93 and a beta of 1.38. Bath & Body Works, Inc. has a 12 month low of $14.27 and a 12 month high of $32.32.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings data 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. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Bath & Body Works had a net margin of 10.83% and a negative return on equity of 53.48%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share. 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 forecast that Bath & Body Works, Inc. will post 2.7 EPS for the current year.

Bath & Body Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, August 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.3%. Bath & Body Works’s dividend payout ratio (DPR) is presently 20.83%.

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.