DNB Asset Management AS Decreases Stock Holdings in Bath & Body Works, Inc. $BBWI

DNB Asset Management AS lowered its stake in Bath & Body Works, Inc. (NYSE:BBWI) by 10.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,335,950 shares of the company’s stock after selling 162,305 shares during the quarter. DNB Asset Management AS owned 0.65% of Bath & Body Works worth $34,414,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BBWI. Retirement Systems of Alabama lifted its position in Bath & Body Works by 40.6% during the third quarter. Retirement Systems of Alabama now owns 772,324 shares of the company’s stock valued at $19,895,000 after purchasing an additional 223,089 shares in the last quarter. Summit Investment Advisors Inc. bought a new position in shares of Bath & Body Works in the first quarter worth about $1,292,000. Allianz Asset Management GmbH lifted its position in shares of Bath & Body Works by 58.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 263,628 shares of the company’s stock valued at $6,791,000 after buying an additional 97,640 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Bath & Body Works by 29.9% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 369,452 shares of the company’s stock valued at $9,517,000 after acquiring an additional 85,000 shares during the period. Finally, Intech Investment Management LLC increased its holdings in Bath & Body Works by 53.5% in the 2nd quarter. Intech Investment Management LLC now owns 58,460 shares of the company’s stock worth $1,751,000 after acquiring an additional 20,381 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

BBWI has been the topic of several analyst reports. Robert W. Baird set a $20.00 price target on shares of Bath & Body Works in a report on Wednesday, December 17th. Bank of America set a $26.00 target price on shares of Bath & Body Works in a research note on Monday, November 24th. Zacks Research upgraded Bath & Body Works from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Raymond James Financial restated a “market perform” rating on shares of Bath & Body Works in a research report on Wednesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Bath & Body Works in a research report on Thursday, January 8th. They set a “hold” rating and a $21.00 target price for the company. Three analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $23.71.

Bath & Body Works Price Performance

NYSE:BBWI opened at $22.73 on Friday. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 1.03 and a beta of 1.54. Bath & Body Works, Inc. has a 1 year low of $14.27 and a 1 year high of $37.29. The stock’s 50 day simple moving average is $22.13 and its two-hundred day simple moving average is $23.76.

Bath & Body Works Dividend Announcement

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

Key Stories Impacting Bath & Body Works

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

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.