Bank of New York Mellon Corp Makes New Investment in Bath & Body Works, Inc. $BBWI

Bank of New York Mellon Corp bought a new position in Bath & Body Works, Inc. (NYSE:BBWI) during the 2nd quarter, Holdings Channel reports. The firm bought 2,562,026 shares of the company’s stock, valued at approximately $59,260,000.

Several other hedge funds have also modified their holdings of BBWI. Global Retirement Partners LLC acquired a new position in Bath & Body Works during the 4th quarter valued at about $31,000. Activest Wealth Management bought a new position in shares of Bath & Body Works in the 4th quarter worth $32,000. Geneos Wealth Management Inc. grew its stake 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 period. Parallel Advisors LLC grew its position in shares of Bath & Body Works by 42.6% during the 4th quarter. Parallel Advisors LLC now owns 1,897 shares of the company’s stock worth $38,000 after buying 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 approximately $39,000. 95.14% of the stock is owned by institutional investors.

Trending Headlines about Bath & Body Works

Here are the key news stories impacting Bath & Body Works this week:

• Positive Sentiment: Bath & Body Works reported second-quarter adjusted EPS of $0.62, well above the $0.24 analyst consensus, while revenue of $1.51 billion slightly exceeded expectations. Bath & Body Works Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management raised fiscal 2026 adjusted EPS guidance to $2.60-$2.80, above its previous range of $2.40-$2.65 and ahead of the roughly $2.56 consensus. The company also reiterated revenue expectations of approximately $7.5-$7.6 billion. Bath & Body Works Raises Earnings Outlook on Higher Profit
• Positive Sentiment: Digital demand and direct-channel sales growth are offsetting weaker physical-store traffic. Management also highlighted ongoing transformation initiatives, including planned cost savings, stronger cash flow and potential balance-sheet improvement that could support future shareholder returns. Bath & Body Works lifts annual profit forecast
• Neutral Sentiment: The earnings call and bullish commentary frame BBWI as a discounted turnaround opportunity, but investors will likely require sustained sales growth and execution before assigning a higher valuation.
• Negative Sentiment: Second-quarter net sales declined 2.3% year over year, and third-quarter adjusted EPS guidance of only $0.07-$0.12 is substantially below the approximately $0.27 consensus. The outlook reflects continued near-term pressure from store traffic and seasonality. Bath & Body Works falls despite earnings beat
• Negative Sentiment: Heavy put-option activity ahead of the report signaled elevated bearish hedging and helps explain the stock’s volatility despite the earnings beat.

Bath & Body Works Price Performance

Bath & Body Works stock opened at $18.92 on Thursday. The firm has a 50-day moving average of $20.36 and a 200-day moving average of $20.01. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 5.31, a P/E/G ratio of 1.73 and a beta of 1.38. 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 posted its quarterly earnings results on Wednesday, August 26th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.38. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Bath & Body Works had a negative return on equity of 45.34% and a net margin of 10.03%.The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 EPS. Bath & Body Works has set its Q3 2026 guidance at 0.070-0.120 EPS and its FY 2026 guidance at 2.600-2.800 EPS. As a group, sell-side analysts expect that Bath & Body Works, Inc. will post 2.63 earnings per share for the current year.

Bath & Body Works Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, August 21st. Bath & Body Works’s dividend payout ratio is 22.47%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Bath & Body Works from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Tuesday, June 23rd. Piper Sandler began coverage on Bath & Body Works in a research report on Friday, May 15th. They set a “neutral” rating and a $20.00 price target on the stock. The Goldman Sachs Group lowered Bath & Body Works from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $23.00 to $19.00 in a research report on Wednesday, July 8th. Barclays lowered their target price on Bath & Body Works from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, May 28th. Finally, Weiss Ratings upgraded shares of Bath & Body Works from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $22.57.

Bath & Body Works Company 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.