New York State Teachers Retirement System Sells 30,900 Shares of Bath & Body Works, Inc. $BBWI

New York State Teachers Retirement System reduced its holdings in Bath & Body Works, Inc. (NYSE:BBWI) by 13.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 203,047 shares of the company’s stock after selling 30,900 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Bath & Body Works worth $3,791,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in BBWI. Y Intercept Hong Kong Ltd bought a new position in shares of Bath & Body Works in the 1st quarter valued at about $2,734,000. Root Financial Partners LLC grew its position in Bath & Body Works by 4,485.7% in the first quarter. Root Financial Partners LLC now owns 3,210 shares of the company’s stock worth $60,000 after acquiring an additional 3,140 shares in the last quarter. Drucker Wealth 3.0 LLC increased its stake in Bath & Body Works by 133.5% during the first quarter. Drucker Wealth 3.0 LLC now owns 52,857 shares of the company’s stock worth $987,000 after acquiring an additional 30,217 shares during the last quarter. Pictet Asset Management Holding SA raised its position in Bath & Body Works by 6.3% during the first quarter. Pictet Asset Management Holding SA now owns 32,410 shares of the company’s stock valued at $605,000 after purchasing an additional 1,918 shares during the period. Finally, Urban Wealth Management LLC purchased a new stake in Bath & Body Works during the first quarter valued at approximately $211,000. 95.14% of the stock is currently owned by institutional investors.

Bath & Body Works Stock Performance

NYSE BBWI opened at $19.41 on Thursday. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 5.45, a price-to-earnings-growth ratio of 2.04 and a beta of 1.38. The company’s 50-day simple moving average is $19.46 and its two-hundred day simple moving average is $20.41. Bath & Body Works, Inc. has a one year low of $14.27 and a one year high of $33.96.

Bath & Body Works (NYSE:BBWI) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. Bath & Body Works had a net margin of 10.03% and a negative return on equity of 45.34%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the company earned $0.49 EPS. The company’s revenue was down 3.2% compared to the same quarter last year. 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. Equities analysts expect that Bath & Body Works, Inc. will post 2.63 earnings per share for the current fiscal year.

Bath & Body Works Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 5th were issued a $0.20 dividend. The ex-dividend date was Friday, June 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.1%. Bath & Body Works’s dividend payout ratio (DPR) is currently 22.47%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Raymond James Financial reiterated a “market perform” rating on shares of Bath & Body Works in a report on Wednesday, May 27th. UBS Group lowered their price target on Bath & Body Works from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, May 20th. Barclays dropped their price objective on shares of Bath & Body Works from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, May 28th. Wells Fargo & Company boosted their price objective 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. Finally, Weiss Ratings downgraded shares of Bath & Body Works from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 2nd. Three research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Bath & Body Works presently has a consensus rating of “Hold” and a consensus price target of $22.00.

About Bath & Body Works

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.