Horizon Investments LLC Acquires New Shares in Bath & Body Works, Inc. $BBWI

Horizon Investments LLC acquired a new stake in Bath & Body Works, Inc. (NYSE:BBWI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 32,057 shares of the company’s stock, valued at approximately $644,000.

Several other hedge funds have also recently bought and sold shares of BBWI. American Century Companies Inc. increased its stake in Bath & Body Works by 2,204.1% in the 3rd quarter. American Century Companies Inc. now owns 5,174,370 shares of the company’s stock valued at $133,292,000 after purchasing an additional 4,949,796 shares in the last quarter. Jupiter Asset Management Ltd. increased its stake in Bath & Body Works by 553.2% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 3,714,499 shares of the company’s stock valued at $95,685,000 after purchasing an additional 3,145,797 shares in the last quarter. Bank of America Corp DE increased its stake in Bath & Body Works by 86.9% in the 3rd quarter. Bank of America Corp DE now owns 3,399,390 shares of the company’s stock valued at $87,568,000 after purchasing an additional 1,580,176 shares in the last quarter. Two Sigma Investments LP increased its stake in Bath & Body Works by 1,004.1% in the 3rd quarter. Two Sigma Investments LP now owns 1,443,312 shares of the company’s stock valued at $37,180,000 after purchasing an additional 1,312,586 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Bath & Body Works in the 3rd quarter valued at approximately $31,942,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BBWI has been the subject of several research analyst reports. Zacks Research raised Bath & Body Works from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bath & Body Works in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft raised their price target on Bath & Body Works from $21.00 to $22.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. UBS Group raised their price target on Bath & Body Works from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, February 23rd. Finally, Citigroup downgraded Bath & Body Works from a “buy” rating to a “neutral” rating and raised their price target for the stock from $21.00 to $25.00 in a research report on Tuesday, February 17th. Three equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $23.00.

Bath & Body Works Stock Performance

Bath & Body Works stock opened at $19.74 on Friday. The stock has a fifty day moving average of $19.63 and a two-hundred day moving average of $20.95. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 6.27, a PEG ratio of 1.93 and a beta of 1.43. Bath & Body Works, Inc. has a fifty-two week low of $14.27 and a fifty-two week high of $34.66.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings results on Wednesday, March 4th. The company reported $2.05 earnings per share for the quarter, topping 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%.Bath & Body Works’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the business 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, analysts forecast that Bath & Body Works, Inc. will post 2.6 EPS for the current fiscal year.

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.