Chase Investment Counsel Corp Buys New Holdings in Bath & Body Works, Inc. $BBWI

Chase Investment Counsel Corp purchased a new position in Bath & Body Works, Inc. (NYSE:BBWI) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 80,000 shares of the company’s stock, valued at approximately $1,850,000.

A number of other institutional investors also recently bought and sold shares of the business. Global Retirement Partners LLC acquired a new stake in Bath & Body Works during the 4th quarter valued at approximately $31,000. Activest Wealth Management purchased a new position in shares of Bath & Body Works during the fourth quarter worth $32,000. Geneos Wealth Management Inc. raised its holdings in shares of Bath & Body Works by 217.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,169 shares of the company’s stock worth $35,000 after purchasing an additional 801 shares during the last quarter. Parallel Advisors LLC lifted its position in Bath & Body Works by 42.6% during the fourth quarter. Parallel Advisors LLC now owns 1,897 shares of the company’s stock valued at $38,000 after purchasing an additional 567 shares during the period. Finally, Danske Bank A S acquired a new position in Bath & Body Works during the third quarter valued at $39,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on BBWI shares. Telsey Advisory Group lowered their price target on shares of Bath & Body Works from $25.00 to $22.00 and set a “market perform” rating on the stock in a report on Thursday, May 28th. Morgan Stanley reiterated an “equal weight” rating and set a $22.00 price objective on shares of Bath & Body Works in a research note on Monday, July 6th. UBS Group lowered their target price on Bath & Body Works from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 20th. TD Cowen raised their target price on Bath & Body Works from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group cut Bath & Body Works from a “neutral” rating to a “sell” rating and reduced their price target for the company from $23.00 to $19.00 in a research report on Wednesday, July 8th. Three analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Bath & Body Works has an average rating of “Hold” and an average price target of $21.93.

Bath & Body Works Stock Performance

BBWI stock opened at $19.40 on Monday. The firm has a market cap of $3.91 billion, a PE ratio of 5.45, a P/E/G ratio of 1.92 and a beta of 1.38. The firm’s fifty day moving average is $20.37 and its 200 day moving average is $20.16. Bath & Body Works, Inc. has a one year low of $14.27 and a one year high of $32.32.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.32 earnings per share for the quarter, beating 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 net margin of 10.03% and a negative return on equity of 45.34%. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company 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. 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 declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, August 21st. Bath & Body Works’s payout ratio is currently 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.