Mitsubishi UFJ Asset Management Co. Ltd. Makes New $1.07 Million Investment in Bath & Body Works, Inc. $BBWI

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Bath & Body Works, Inc. (NYSE:BBWI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 46,172 shares of the company’s stock, valued at approximately $1,068,000.

Several other hedge funds have also recently modified their holdings of BBWI. AQR Capital Management LLC raised its position in Bath & Body Works by 132.5% during the 4th quarter. AQR Capital Management LLC now owns 11,445,928 shares of the company’s stock worth $229,834,000 after buying an additional 6,523,960 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Bath & Body Works by 5.8% in the second quarter. Alliancebernstein L.P. now owns 5,737,796 shares of the company’s stock valued at $171,904,000 after acquiring an additional 315,738 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Bath & Body Works by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 3,960,475 shares of the company’s stock worth $79,542,000 after acquiring an additional 110,602 shares during the period. Bank of America Corp DE increased its stake in shares of Bath & Body Works by 86.9% during the third quarter. Bank of America Corp DE now owns 3,399,390 shares of the company’s stock worth $87,568,000 after acquiring an additional 1,580,176 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of Bath & Body Works by 33.8% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,852,040 shares of the company’s stock worth $53,248,000 after acquiring an additional 719,795 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BBWI shares. TD Cowen raised 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 report on Thursday, May 28th. Jefferies Financial Group boosted their target price on Bath & Body Works from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, July 28th. The Goldman Sachs Group downgraded Bath & Body Works from a “neutral” rating to a “sell” rating and cut their target price for the stock from $23.00 to $19.00 in a research note on Wednesday, July 8th. JPMorgan Chase & Co. increased their target price on Bath & Body Works from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 18th. Finally, Wells Fargo & Company raised their price target on Bath & Body Works from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, June 23rd. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $22.57.

Bath & Body Works Stock Down 0.9%

Bath & Body Works stock opened at $19.47 on Friday. Bath & Body Works, Inc. has a 52 week low of $14.27 and a 52 week high of $32.32. The firm has a market capitalization of $3.92 billion, a PE ratio of 5.47, a P/E/G ratio of 1.92 and a beta of 1.38. The firm’s 50-day simple moving average is $20.47 and its 200 day simple moving average is $20.10.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Bath & Body Works had a negative return on equity of 45.34% and a net margin of 10.03%.The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. On average, research analysts expect that Bath & Body Works, Inc. will post 2.63 EPS for the current fiscal year.

Bath & Body Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be given a dividend of $0.20 per share. The ex-dividend date is Friday, August 21st. This represents a $0.80 dividend on an annualized basis and a yield of 4.1%. Bath & Body Works’s dividend payout ratio (DPR) is 22.47%.

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.