Bath & Body WorksBBWI
About: Bath & Body Works is a specialty home fragrance and fragrant body care retailer operating under the Bath & Body Works, C.O. Bigelow, and White Barn brands. The company generates most of its business in North America, with just 5% of sales from international markets in fiscal 2023. For fiscal 2023, 74% of sales stemmed from the brick-and-mortar network (which was composed of more than 1,800 retail stores), similar to 2022 levels, as consumer shopping patterns remained to normal. Future growth is expected from store reformatting, digital and international channels, as well as adjacent category expansions like hair and laundry.
Employees: 57,157
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
0.07% less ownership
Funds ownership: 101.01% [Q2] → 100.94% (-0.07%) [Q3]
8% less repeat investments, than reductions
Existing positions increased: 164 | Existing positions reduced: 178
10% less funds holding
Funds holding: 512 [Q2] → 460 (-52) [Q3]
20% less capital invested
Capital invested by funds: $8.8B [Q2] → $7.06B (-$1.75B) [Q3]
37% less call options, than puts
Call options by funds: $133M | Put options by funds: $210M
40% less funds holding in top 10
Funds holding in top 10: 10 [Q2] → 6 (-4) [Q3]
42% less first-time investments, than exits
New positions opened: 65 | Existing positions closed: 112
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Wells Fargo Ike Boruchow 55% 1-year accuracy 24 / 44 met price target | 32%upside $48 | Overweight Upgraded | 10 Jan 2025 |
Piper Sandler Korinne Wolfmeyer 29% 1-year accuracy 13 / 45 met price target | 7%upside $39 | Neutral Maintained | 6 Jan 2025 |
TD Cowen Jonna Kim 75% 1-year accuracy 3 / 4 met price target | 32%upside $48 | Buy Maintained | 12 Dec 2024 |
TD Cowen Gary Taylor 21% 1-year accuracy 4 / 19 met price target | 15%upside $42 | Buy Maintained | 26 Nov 2024 |
Telsey Advisory Group Dana Telsey 66% 1-year accuracy 125 / 188 met price target | 18%upside $43 | Outperform Maintained | 26 Nov 2024 |
Financial journalist opinion
Based on 3 articles about BBWI published over the past 30 days
