SummitTX Capital L.P. Makes New Investment in Bath & Body Works, Inc. $BBWI

SummitTX Capital L.P. bought a new stake in shares of Bath & Body Works, Inc. (NYSE:BBWI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 291,104 shares of the company’s stock, valued at approximately $5,435,000.

Other hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. boosted its stake in shares of Bath & Body Works by 217.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,169 shares of the company’s stock worth $35,000 after acquiring an additional 801 shares during the last quarter. Danske Bank A S acquired a new position in Bath & Body Works in the 3rd quarter valued at $39,000. Global Retirement Partners LLC acquired a new position in Bath & Body Works in the 4th quarter valued at $31,000. Activest Wealth Management purchased a new position in Bath & Body Works in the 4th quarter valued at $32,000. Finally, Advisory Services Network LLC purchased a new position in Bath & Body Works in the 3rd quarter valued at $48,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Telsey Advisory Group dropped their target price on shares of Bath & Body Works from $25.00 to $22.00 and set a “market perform” rating for the company in a report on Thursday, May 28th. Morgan Stanley reissued an “equal weight” rating and issued a $22.00 price target on shares of Bath & Body Works in a research note on Monday, July 6th. Wells Fargo & Company boosted their price target on shares of Bath & Body Works from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 23rd. TD Cowen upped their price objective on shares of Bath & Body Works from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Barclays cut their price objective on shares of Bath & Body Works from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, May 28th. Three 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 MarketBeat, Bath & Body Works currently has an average rating of “Hold” and an average price target of $22.00.

Bath & Body Works Trading Up 2.8%

Shares of BBWI opened at $20.47 on Tuesday. Bath & Body Works, Inc. has a 12-month low of $14.27 and a 12-month high of $32.32. The firm has a market capitalization of $4.13 billion, a P/E ratio of 5.75, a P/E/G ratio of 1.97 and a beta of 1.38. The firm has a 50-day moving average price of $19.90 and a 200 day moving average price of $20.43.

Bath & Body Works (NYSE:BBWI) last issued its 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 company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. Bath & Body Works had a net margin of 10.03% and a negative return on equity of 45.34%. Bath & Body Works’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. Equities research analysts predict that Bath & Body Works, Inc. will post 2.63 earnings per share for the current fiscal year.

Bath & Body Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, June 5th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, June 5th. Bath & Body Works’s dividend payout ratio is presently 22.47%.

About Bath & Body Works

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.