Primecap Management Co. CA Lowers Stock Holdings in Bath & Body Works, Inc. $BBWI

Primecap Management Co. CA lessened its stake in Bath & Body Works, Inc. (NYSE:BBWI) by 17.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 354,950 shares of the company’s stock after selling 72,650 shares during the period. Primecap Management Co. CA owned 0.17% of Bath & Body Works worth $9,144,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BBWI. Jupiter Asset Management Ltd. increased its holdings in shares of Bath & Body Works by 553.2% in the third quarter. Jupiter Asset Management Ltd. now owns 3,714,499 shares of the company’s stock valued at $95,685,000 after purchasing an additional 3,145,797 shares during the period. Norges Bank purchased a new position in Bath & Body Works in the 2nd quarter valued at $57,746,000. Vaughan Nelson Investment Management L.P. purchased a new position in Bath & Body Works in the 3rd quarter valued at $43,113,000. Cooper Creek Partners Management LLC increased its stake in Bath & Body Works by 42.7% in the 2nd quarter. Cooper Creek Partners Management LLC now owns 5,409,919 shares of the company’s stock valued at $162,081,000 after buying an additional 1,619,276 shares during the period. Finally, Franklin Resources Inc. raised its position in Bath & Body Works by 88.4% during the 2nd quarter. Franklin Resources Inc. now owns 2,605,847 shares of the company’s stock worth $78,071,000 after buying an additional 1,222,401 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Bath & Body Works Price Performance

Shares of NYSE:BBWI opened at $22.73 on Friday. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 7.00, a price-to-earnings-growth ratio of 1.03 and a beta of 1.54. The business’s 50 day simple moving average is $22.13 and its 200-day simple moving average is $23.76. Bath & Body Works, Inc. has a 12 month low of $14.27 and a 12 month high of $37.29.

Bath & Body Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 20th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $0.80 annualized dividend and a yield of 3.5%. Bath & Body Works’s dividend payout ratio is 24.62%.

Bath & Body Works News Summary

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

• Positive Sentiment: Telsey Advisory Group raised its price target on BBWI from $17 to $23 and kept a “market perform” rating, signaling modest analyst confidence in the company’s near-term outlook (small upside vs. current price). This can provide some support to the stock if other news is neutral. Telsey price target note
• Positive Sentiment: Bath & Body Works launched a limited-time PEEPS® fragrance and gifting collection — a seasonal product tie-in that can help drive traffic and gift-season sales if consumer demand is solid. Product collaborations are usually modest near-term positives rather than transformational. PEEPS collaboration
• Neutral Sentiment: Zacks published a preview of Wall Street projections for Bath & Body Works’ fiscal Q4 results and key metrics. Analysts’ consensus expectations for revenue, comp sales and margins will be important when BBWI reports; the preview itself doesn’t move the stock but sets the bar for the upcoming earnings reaction. Zacks Q4 preview
• Negative Sentiment: Multiple law firms (Rosen, Faruqi & Faruqi, Pomerantz, Bernstein Liebhard, The Gross Law Firm and others) have issued shareholder alerts about a securities class action covering purchases between June 4, 2024 and November 19, 2025 and are urging investors to file by mid-March deadlines (March 13–16, 2026). Heightened litigation activity increases legal and settlement risk and can weigh on the stock, especially while deadlines and potential lead-plaintiff developments are pending. See representative notices: Rosen notice Faruqi notice Gross Law Firm notice

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Bath & Body Works in a research note on Thursday, January 8th. They set a “hold” rating and a $21.00 price target on the stock. Citigroup cut Bath & Body Works from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $21.00 to $25.00 in a research report on Tuesday, February 17th. Raymond James Financial reissued a “market perform” rating on shares of Bath & Body Works in a research note on Wednesday, November 12th. Morgan Stanley restated an “equal weight” rating and issued a $18.00 price target (down from $43.00) on shares of Bath & Body Works in a research note on Friday, November 21st. Finally, Robert W. Baird set a $20.00 price objective on Bath & Body Works in a report on Wednesday, December 17th. Three analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $23.71.

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.