GMT Capital Corp Sells 207,700 Shares of Bath & Body Works, Inc. $BBWI

GMT Capital Corp lessened its stake in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 6.0% during the fourth quarter, Holdings Channel reports. The fund owned 3,258,800 shares of the company’s stock after selling 207,700 shares during the quarter. Bath & Body Works comprises 3.4% of GMT Capital Corp’s investment portfolio, making the stock its 10th largest position. GMT Capital Corp’s holdings in Bath & Body Works were worth $65,437,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BBWI. Global Retirement Partners LLC acquired a new position in shares of Bath & Body Works during the 4th quarter valued at $31,000. Activest Wealth Management acquired a new position in shares of Bath & Body Works during the 4th quarter valued at $32,000. Geneos Wealth Management Inc. lifted its position 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 boosted its holdings in Bath & Body Works by 42.6% in the fourth quarter. Parallel Advisors LLC now owns 1,897 shares of the company’s stock worth $38,000 after acquiring an additional 567 shares in the last quarter. Finally, Danske Bank A S bought a new position in Bath & Body Works in the third quarter worth approximately $39,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on BBWI shares. Citigroup lowered Bath & Body Works from a “buy” rating to a “neutral” rating and increased their price target for the stock from $21.00 to $25.00 in a report on Tuesday, February 17th. Raymond James Financial reiterated a “market perform” rating on shares of Bath & Body Works in a report on Wednesday, May 27th. Barclays cut their price target on Bath & Body Works from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, May 28th. TD Cowen increased their price target on Bath & Body Works from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Weiss Ratings lowered Bath & Body Works from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 2nd. Three equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $21.93.

Bath & Body Works Trading Up 3.1%

Shares of Bath & Body Works stock opened at $19.40 on Friday. The business’s fifty day simple moving average is $18.61 and its 200 day simple moving average is $20.07. The firm has a market capitalization of $3.91 billion, a P/E ratio of 5.45, a price-to-earnings-growth ratio of 1.93 and a beta of 1.42. Bath & Body Works, Inc. has a 12 month low of $14.27 and a 12 month high of $33.96.

Bath & Body Works (NYSE:BBWI) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. Bath & Body Works had a negative return on equity of 45.34% and a net margin of 10.03%.Bath & Body Works’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share. 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 predict that Bath & Body Works, Inc. will post 2.62 EPS for the current fiscal year.

Bath & Body Works Dividend Announcement

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

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.