Canada Pension Plan Investment Board Invests $46.71 Million in Bath & Body Works, Inc. $BBWI

Canada Pension Plan Investment Board bought a new stake in shares of Bath & Body Works, Inc. (NYSE:BBWI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,019,301 shares of the company’s stock, valued at approximately $46,706,000. Canada Pension Plan Investment Board owned about 1.00% of Bath & Body Works as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of BBWI. Legal & General Group Plc bought a new stake in Bath & Body Works in the second quarter worth $6,143,000. The Manufacturers Life Insurance Company purchased a new position in Bath & Body Works during the second quarter worth $39,686,000. Paradigm Capital Management Inc. NY bought a new position in Bath & Body Works during the second quarter valued at $17,079,000. Algert Global LLC increased its position in Bath & Body Works by 26.2% during the second quarter. Algert Global LLC now owns 503,264 shares of the company’s stock valued at $11,640,000 after acquiring an additional 104,496 shares during the last quarter. Finally, Cibc World Market Inc. purchased a new stake in shares of Bath & Body Works in the second quarter valued at $275,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Key Headlines Impacting Bath & Body Works

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

• Positive Sentiment: BBWI reported second-quarter adjusted EPS of $0.62, well above the $0.24 consensus estimate, while revenue of $1.51 billion modestly exceeded expectations. The earnings beat was supported by demand for body-care and home-fragrance products and improved digital sales. BBWI Stock Jumps 7.5% on Q2 Earnings Beat, Fiscal 2026 Outlook Raised
• Positive Sentiment: Management raised fiscal 2026 adjusted EPS guidance to $2.60-$2.80 from $2.40-$2.65 and projected revenue of $7.5-$7.6 billion. The company also cited progress in its transformation plan, with a goal of approximately $250 million in cost savings and stronger cash generation. Bath & Body Works lifts annual profit forecast
• Neutral Sentiment: Analysts remain divided after the results. Morgan Stanley reduced its price target to $20 from $22 while keeping an Equal Weight rating; UBS cut its target to $17 from $19 and maintained a Neutral rating. These targets suggest limited upside or downside from recent trading levels. Analyst price-target changes
• Negative Sentiment: Near-term performance remains pressured by weak store traffic and declining overall sales. Second-quarter revenue fell 2.3% year over year, and third-quarter adjusted EPS guidance of $0.07-$0.12 is substantially below the roughly $0.27 analyst consensus, raising concerns about promotional activity and continued softness in physical stores. Bath & Body Works results top expectations

Bath & Body Works Stock Performance

Shares of NYSE:BBWI opened at $18.68 on Friday. The firm’s 50 day simple moving average is $20.32 and its 200-day simple moving average is $19.97. Bath & Body Works, Inc. has a one year low of $14.27 and a one year high of $32.32. The firm has a market cap of $3.76 billion, a PE ratio of 4.86, a price-to-earnings-growth ratio of 1.84 and a beta of 1.38.

Bath & Body Works (NYSE:BBWI) last issued its 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. Bath & Body Works had a negative return on equity of 53.48% and a net margin of 10.83%.The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the business earned $0.30 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. 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. Equities research analysts predict that Bath & Body Works, Inc. will post 2.67 EPS for the current fiscal year.

Bath & Body Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, August 21st. Bath & Body Works’s dividend payout ratio is 20.83%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BBWI shares. The Goldman Sachs Group lowered shares of Bath & Body Works from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $23.00 to $19.00 in a report on Wednesday, July 8th. Barclays reduced their price objective on shares of Bath & Body Works from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Thursday. Wells Fargo & Company decreased their price objective on shares of Bath & Body Works from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday. 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 target price for the company. Finally, Raymond James Financial restated a “market perform” rating on shares of Bath & Body Works in a research report on Wednesday, May 27th. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $22.29.

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.