Retirement Systems of Alabama Acquires 285,628 Shares of Bath & Body Works, Inc. $BBWI

Retirement Systems of Alabama boosted its holdings in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 108.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 549,235 shares of the company’s stock after acquiring an additional 285,628 shares during the period. Retirement Systems of Alabama owned approximately 0.26% of Bath & Body Works worth $16,455,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd bought a new position in Bath & Body Works during the first quarter worth about $1,314,000. Amundi lifted its holdings in Bath & Body Works by 382.1% during the first quarter. Amundi now owns 174,951 shares of the company’s stock worth $4,872,000 after acquiring an additional 138,664 shares in the last quarter. Nuveen LLC bought a new position in Bath & Body Works during the first quarter worth about $23,273,000. Voya Investment Management LLC raised its stake in shares of Bath & Body Works by 180.5% in the 1st quarter. Voya Investment Management LLC now owns 110,405 shares of the company’s stock valued at $3,347,000 after purchasing an additional 71,051 shares during the period. Finally, Shellback Capital LP lifted its holdings in shares of Bath & Body Works by 67.0% in the first quarter. Shellback Capital LP now owns 668,000 shares of the company’s stock valued at $20,254,000 after purchasing an additional 268,000 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

Bath & Body Works Stock Performance

NYSE:BBWI opened at $24.48 on Friday. The stock’s 50-day simple moving average is $27.01 and its 200 day simple moving average is $28.97. The company has a market cap of $5.05 billion, a P/E ratio of 7.26, a P/E/G ratio of 0.86 and a beta of 1.52. Bath & Body Works, Inc. has a 52-week low of $23.49 and a 52-week high of $41.87.

Bath & Body Works (NYSE:BBWI) last released its earnings results on Thursday, August 28th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.55 billion. Bath & Body Works had a negative return on equity of 48.43% and a net margin of 9.88%.Bath & Body Works’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 earnings per share. Bath & Body Works has set its Q3 2025 guidance at 0.370-0.45 EPS. FY 2025 guidance at 3.350-3.600 EPS. As a group, equities analysts predict that Bath & Body Works, Inc. will post 3.3 earnings per share for the current fiscal year.

Bath & Body Works Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.3%. Bath & Body Works’s payout ratio is currently 23.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BBWI. Jefferies Financial Group cut their price target on Bath & Body Works from $32.00 to $28.50 and set a “hold” rating on the stock in a report on Monday, October 13th. Wall Street Zen lowered Bath & Body Works from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. UBS Group cut their price target on Bath & Body Works from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, August 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Bath & Body Works in a report on Wednesday, October 8th. Finally, Citigroup cut their price target on Bath & Body Works from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, August 19th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.39.

About Bath & Body Works

Bath & Body Works, Inc is a specialty retailers and home to America’s Favorite Fragrances, offering a breadth of exclusive fragrances for the body and home, including the selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap.