Renaissance Technologies LLC Has $51.02 Million Stock Position in Bath & Body Works, Inc. $BBWI

Renaissance Technologies LLC boosted its position in shares of Bath & Body Works, Inc. (NYSE:BBWI) by 885.7% in the 1st quarter, HoldingsChannel reports. The firm owned 2,732,733 shares of the company’s stock after buying an additional 2,455,500 shares during the period. Renaissance Technologies LLC’s holdings in Bath & Body Works were worth $51,020,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in shares of Bath & Body Works by 132.5% during the fourth 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 in the last quarter. Norges Bank bought a new position in shares of Bath & Body Works in the fourth quarter valued at approximately $55,504,000. Balyasny Asset Management L.P. acquired a new position in shares of Bath & Body Works in the 4th quarter worth approximately $54,785,000. Bank of America Corp DE boosted its holdings in shares of 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 worth $87,568,000 after acquiring an additional 1,580,176 shares in the last quarter. Finally, Two Sigma Investments LP grew its position in Bath & Body Works by 1,004.1% during the 3rd quarter. Two Sigma Investments LP now owns 1,443,312 shares of the company’s stock worth $37,180,000 after acquiring an additional 1,312,586 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BBWI has been the subject of a number of recent analyst reports. Weiss Ratings raised Bath & Body Works from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Piper Sandler initiated coverage on Bath & Body Works in a report on Friday, May 15th. They set a “neutral” rating and a $20.00 target price on the stock. Wells Fargo & Company raised their target price on Bath & Body Works from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, June 23rd. Raymond James Financial reaffirmed a “market perform” rating on shares of Bath & Body Works in a report on Wednesday, May 27th. Finally, TD Cowen upped their price target on shares of Bath & Body Works from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Three research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.00.

Bath & Body Works Price Performance

Shares of Bath & Body Works stock opened at $20.47 on Tuesday. The firm has a market cap 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 simple moving average of $19.90 and a 200 day simple moving average of $20.43. Bath & Body Works, Inc. has a fifty-two week low of $14.27 and a fifty-two week high of $32.32.

Bath & Body Works (NYSE:BBWI) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations 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 revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 EPS. 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, sell-side analysts expect that Bath & Body Works, Inc. will post 2.63 EPS for the current year.

Bath & Body Works Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 5th were given a dividend of $0.20 per share. The ex-dividend date was Friday, June 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.9%. Bath & Body Works’s 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.