80,000 Shares in Bath & Body Works, Inc. $BBWI Purchased by Chase Investment Counsel Corp

Chase Investment Counsel Corp purchased a new position in Bath & Body Works, Inc. (NYSE:BBWI) during the fourth quarter, Holdings Channel reports. The fund purchased 80,000 shares of the company’s stock, valued at approximately $1,606,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Retirement Systems of Alabama increased its position in Bath & Body Works by 40.6% during the 3rd quarter. Retirement Systems of Alabama now owns 772,324 shares of the company’s stock valued at $19,895,000 after buying an additional 223,089 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in Bath & Body Works by 29.9% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 369,452 shares of the company’s stock valued at $9,517,000 after buying an additional 85,000 shares in the last quarter. Allianz Asset Management GmbH increased its position in Bath & Body Works by 58.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 263,628 shares of the company’s stock valued at $6,791,000 after buying an additional 97,640 shares in the last quarter. Access Investment Management LLC acquired a new position in Bath & Body Works during the 3rd quarter valued at about $3,506,000. Finally, Great Lakes Advisors LLC increased its position in Bath & Body Works by 113.2% during the 3rd quarter. Great Lakes Advisors LLC now owns 206,381 shares of the company’s stock valued at $5,316,000 after buying an additional 109,595 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BBWI. Zacks Research raised Bath & Body Works from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Telsey Advisory Group upped their target price on Bath & Body Works from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Thursday, March 5th. Piper Sandler began coverage on Bath & Body Works in a research report on Friday. They set a “neutral” rating and a $20.00 target price on the stock. Citigroup lowered Bath & Body Works from a “buy” rating to a “neutral” rating and upped their target price for the company from $21.00 to $25.00 in a research report on Tuesday, February 17th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Bath & Body Works from $21.00 to $22.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.54.

Bath & Body Works Stock Up 0.0%

Bath & Body Works stock opened at $17.10 on Monday. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 5.43, a price-to-earnings-growth ratio of 1.71 and a beta of 1.43. Bath & Body Works, Inc. has a 52 week low of $14.27 and a 52 week high of $34.29. The business’s 50-day moving average price is $19.14 and its 200 day moving average price is $20.62.

Bath & Body Works (NYSE:BBWI) last posted its earnings results on Wednesday, March 4th. The company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.77 by $0.28. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates 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 for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the company earned $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. Equities analysts expect that Bath & Body Works, Inc. will post 2.6 EPS for the current year.

Bath & Body Works Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, June 5th. Bath & Body Works’s dividend payout ratio (DPR) is 25.40%.

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.