Mitsubishi UFJ Asset Management Co. Ltd. Takes Position in Bath & Body Works, Inc. $BBWI

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Bath & Body Works, Inc. (NYSE:BBWI) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 46,172 shares of the company’s stock, valued at approximately $1,068,000.

Other large investors also recently made changes to their positions in the company. Parallel Advisors LLC increased its holdings in Bath & Body Works by 42.6% in the 4th quarter. Parallel Advisors LLC now owns 1,897 shares of the company’s stock valued at $38,000 after purchasing an additional 567 shares in the last quarter. State of Michigan Retirement System increased its stake in shares of Bath & Body Works by 1.2% in the first quarter. State of Michigan Retirement System now owns 49,300 shares of the company’s stock worth $920,000 after buying an additional 600 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of Bath & Body Works by 28.5% in the 4th quarter. Meeder Asset Management Inc. now owns 2,874 shares of the company’s stock valued at $58,000 after purchasing an additional 637 shares in the last quarter. State of Wyoming raised its stake in Bath & Body Works by 6.2% during the second quarter. State of Wyoming now owns 11,294 shares of the company’s stock valued at $338,000 after buying an additional 661 shares in the last quarter. Finally, Vident Advisory LLC raised its position in shares of Bath & Body Works by 2.8% during the 2nd quarter. Vident Advisory LLC now owns 25,229 shares of the company’s stock valued at $756,000 after acquiring an additional 692 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BBWI shares. TD Cowen raised their target price on shares of Bath & Body Works from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Wells Fargo & Company increased their target price on shares of Bath & Body Works from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday, June 23rd. Morgan Stanley reiterated an “equal weight” rating and set a $22.00 price target on shares of Bath & Body Works in a research report on Monday, July 6th. Piper Sandler began coverage on shares of Bath & Body Works in a research report on Friday, May 15th. They issued a “neutral” rating and a $20.00 price target on the stock. Finally, Weiss Ratings raised shares of Bath & Body Works from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 9th. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $22.57.

Bath & Body Works Stock Performance

Shares of BBWI stock opened at $19.47 on Friday. Bath & Body Works, Inc. has a twelve month low of $14.27 and a twelve month high of $32.32. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 5.47, a PEG ratio of 1.92 and a beta of 1.38. The stock’s 50 day simple moving average is $20.47 and its 200 day simple moving average is $20.10.

Bath & Body Works (NYSE:BBWI) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. Bath & Body Works had a negative return on equity of 45.34% and a net margin of 10.03%.The firm’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business posted $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. On average, analysts forecast that Bath & Body Works, Inc. will post 2.63 EPS for the current fiscal 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 issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.80 annualized dividend and a yield of 4.1%. Bath & Body Works’s dividend payout ratio is 22.47%.

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.