Bath & Body Works (NYSE:BBWI) Shares Down 6.5% – Here’s What Happened

Bath & Body Works, Inc. (NYSE:BBWI) dropped 6.5% during trading on Wednesday . The stock traded as low as $18.98 and last traded at $19.27. Approximately 865,606 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 5,750,466 shares. The stock had previously closed at $20.62.

Analyst Ratings Changes

BBWI has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on shares of Bath & Body Works from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, June 23rd. TD Cowen boosted their price objective on shares of Bath & Body Works from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Raymond James Financial restated a “market perform” rating on shares of Bath & Body Works in a research report on Wednesday, May 27th. Weiss Ratings cut shares of Bath & Body Works from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 2nd. Finally, Piper Sandler began coverage on shares of Bath & Body Works in a research report on Friday, May 15th. They issued a “neutral” rating and a $20.00 target price for the company. Three investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Bath & Body Works has a consensus rating of “Hold” and an average price target of $22.00.

Bath & Body Works Stock Down 6.5%

The business’s fifty day moving average is $19.46 and its 200-day moving average is $20.41. The company has a market cap of $3.89 billion, a PE ratio of 5.41, a P/E/G ratio of 2.17 and a beta of 1.38.

Bath & Body Works (NYSE:BBWI) last announced its earnings results on Wednesday, May 27th. The company reported $0.32 EPS for the quarter, beating 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 business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The firm’s revenue 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. Analysts forecast that Bath & Body Works, Inc. will post 2.62 EPS for the current fiscal year.

Bath & Body Works Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, June 5th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Friday, June 5th. Bath & Body Works’s dividend payout ratio (DPR) is currently 22.47%.

Hedge Funds Weigh In On Bath & Body Works

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC purchased a new stake in Bath & Body Works in the fourth quarter worth about $31,000. Activest Wealth Management purchased a new position in shares of Bath & Body Works during the 4th quarter valued at about $32,000. Geneos Wealth Management Inc. grew its stake in shares of Bath & Body Works by 217.7% during the 1st 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. Parallel Advisors LLC grew its stake in shares of Bath & Body Works by 42.6% during the 4th quarter. Parallel Advisors LLC now owns 1,897 shares of the company’s stock valued at $38,000 after acquiring an additional 567 shares during the period. Finally, Danske Bank A S purchased a new stake in Bath & Body Works in the 3rd quarter worth approximately $39,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

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.