Citigroup Inc. Has $2.56 Million Holdings in Bath & Body Works, Inc. $BBWI

Citigroup Inc. lifted its position in Bath & Body Works, Inc. (NYSE:BBWIFree Report) by 76.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 99,294 shares of the company’s stock after acquiring an additional 42,959 shares during the quarter. Citigroup Inc.’s holdings in Bath & Body Works were worth $2,558,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. lifted its holdings in shares of Bath & Body Works by 14.0% in the third quarter. Hillsdale Investment Management Inc. now owns 120,000 shares of the company’s stock valued at $3,091,000 after purchasing an additional 14,700 shares in the last quarter. Jupiter Asset Management Ltd. grew its holdings in shares of Bath & Body Works by 553.2% during the third quarter. Jupiter Asset Management Ltd. now owns 3,714,499 shares of the company’s stock valued at $95,685,000 after buying an additional 3,145,797 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new position in Bath & Body Works during the third quarter valued at $683,000. Synovus Financial Corp raised its position in Bath & Body Works by 1.4% during the third quarter. Synovus Financial Corp now owns 56,210 shares of the company’s stock valued at $1,448,000 after buying an additional 764 shares during the period. Finally, Fiscal Wisdom Wealth Management LLC purchased a new stake in Bath & Body Works in the 3rd quarter worth about $291,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analysts Set New Price Targets

BBWI has been the subject of a number of research reports. UBS Group raised their price objective on Bath & Body Works from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, February 23rd. Zacks Research raised shares of Bath & Body Works from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. The Goldman Sachs Group cut shares of Bath & Body Works from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $39.00 to $17.00 in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bath & Body Works in a research report on Wednesday, January 21st. Finally, Robert W. Baird set a $20.00 price objective on shares of Bath & Body Works in a research note on Wednesday, December 17th. Three equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $24.00.

Check Out Our Latest Research Report on Bath & Body Works

Bath & Body Works News Roundup

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

Bath & Body Works Stock Down 6.5%

Shares of BBWI stock opened at $20.85 on Friday. Bath & Body Works, Inc. has a 12 month low of $14.27 and a 12 month high of $34.66. The company has a market cap of $4.27 billion, a PE ratio of 6.62, a price-to-earnings-growth ratio of 2.26 and a beta of 1.48. The business’s 50 day moving average is $22.39 and its two-hundred day moving average is $23.51.

Bath & Body Works (NYSE:BBWIGet Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.28. The business had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Bath & Body Works had a net margin of 8.90% and a negative return on equity of 45.60%. Bath & Body Works’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.09 earnings per share. Bath & Body Works has set its Q1 2026 guidance at 0.240-0.300 EPS and its FY 2026 guidance at 2.400-2.650 EPS. As a group, equities analysts expect that Bath & Body Works, Inc. will post 3.3 EPS for the current fiscal year.

Bath & Body Works Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 20th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.80 dividend on an annualized basis and a yield of 3.8%. Bath & Body Works’s payout ratio is currently 25.40%.

About Bath & Body Works

(Free Report)

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.

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Institutional Ownership by Quarter for Bath & Body Works (NYSE:BBWI)

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