Retirement Systems of Alabama Acquires 59,692 Shares of Bath & Body Works, Inc. $BBWI

Retirement Systems of Alabama lifted its holdings in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 7.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 832,016 shares of the company’s stock after acquiring an additional 59,692 shares during the period. Retirement Systems of Alabama’s holdings in Bath & Body Works were worth $16,707,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. boosted its stake in Bath & Body Works by 2,204.1% in the third quarter. American Century Companies Inc. now owns 5,174,370 shares of the company’s stock valued at $133,292,000 after buying an additional 4,949,796 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in Bath & Body Works by 553.2% during the third quarter. Jupiter Asset Management Ltd. now owns 3,714,499 shares of the company’s stock worth $95,685,000 after acquiring an additional 3,145,797 shares in the last quarter. Norges Bank acquired a new position in Bath & Body Works during the second quarter worth about $57,746,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Bath & Body Works in the third quarter worth about $43,113,000. Finally, Cooper Creek Partners Management LLC lifted its holdings in shares of Bath & Body Works by 42.7% in the second quarter. Cooper Creek Partners Management LLC now owns 5,409,919 shares of the company’s stock worth $162,081,000 after acquiring an additional 1,619,276 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BBWI has been the topic of several research reports. Guggenheim started coverage on shares of Bath & Body Works in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. UBS Group increased their price objective on shares of Bath & Body Works from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, February 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Bath & Body Works in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Bath & Body Works from $21.00 to $22.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Finally, Robert W. Baird set a $20.00 price target on shares of Bath & Body Works in a report on Wednesday, December 17th. Three analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, Bath & Body Works has a consensus rating of “Hold” and an average target price of $24.00.

Bath & Body Works Trading Down 3.8%

Shares of BBWI stock opened at $18.59 on Friday. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 5.90, a PEG ratio of 1.93 and a beta of 1.50. The business’s 50-day moving average price is $21.36 and its 200-day moving average price is $22.14. Bath & Body Works, Inc. has a 12 month low of $14.27 and a 12 month high of $34.66.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings data on Wednesday, March 4th. The company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.28. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.59 billion. Bath & Body Works had a negative return on equity of 45.60% and a net margin of 8.90%.The firm’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.09 earnings per share. Bath & Body Works has set its Q1 2026 guidance at 0.240-0.300 EPS and its FY 2026 guidance at 2.400-2.650 EPS. On average, sell-side analysts predict that Bath & Body Works, Inc. will post 3.3 earnings per share for the current fiscal year.

Bath & Body Works Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 20th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, February 20th. Bath & Body Works’s dividend payout ratio is 25.40%.

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.