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Consumer Cyclical - Specialty Retail - NYSE - US
$ 35.46
-2.13 %
$ 7.68 B
Market Cap
9.82
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Mar, 3, 2025.

The intrinsic value of one BBWI stock under the worst case scenario is HIDDEN Compared to the current market price of 35.5 USD, Bath & Body Works, Inc. is HIDDEN

This DCF valuation model was last updated on Mar, 3, 2025.

The intrinsic value of one BBWI stock under the base case scenario is HIDDEN Compared to the current market price of 35.5 USD, Bath & Body Works, Inc. is HIDDEN

This DCF valuation model was last updated on Mar, 3, 2025.

The intrinsic value of one BBWI stock under the best case scenario is HIDDEN Compared to the current market price of 35.5 USD, Bath & Body Works, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS
FINANCIALS
7.43 B REVENUE
-1.73%
1.28 B OPERATING INCOME
-6.61%
878 M NET INCOME
9.75%
954 M OPERATING CASH FLOW
-16.61%
-286 M INVESTING CASH FLOW
12.80%
-815 M FINANCING CASH FLOW
47.82%
1.61 B REVENUE
5.50%
218 M OPERATING INCOME
19.13%
106 M NET INCOME
-30.26%
-99 M OPERATING CASH FLOW
-115.22%
-74 M INVESTING CASH FLOW
-1233.33%
-150 M FINANCING CASH FLOW
50.17%
Balance Sheet Bath & Body Works, Inc.
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Current Assets 2.12 B
Cash & Short-Term Investments 1.08 B
Receivables 224 M
Other Current Assets 807 M
Non-Current Assets 3.35 B
Long-Term Investments 120 M
PP&E 2.28 B
Other Non-Current Assets 952 M
Current Liabilities 1.29 B
Accounts Payable 380 M
Short-Term Debt 181 M
Other Current Liabilities 728 M
Non-Current Liabilities 5.8 B
Long-Term Debt 5.39 B
Other Non-Current Liabilities 408 M
EFFICIENCY
Earnings Waterfall Bath & Body Works, Inc.
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Revenue 7.43 B
Cost Of Revenue 4.19 B
Gross Profit 3.24 B
Operating Expenses 1.95 B
Operating Income 1.28 B
Other Expenses 407 M
Net Income 878 M
RATIOS
43.56% GROSS MARGIN
43.56%
17.30% OPERATING MARGIN
17.30%
11.82% NET MARGIN
11.82%
-53.96% ROE
-53.96%
16.07% ROA
16.07%
25.37% ROIC
25.37%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Bath & Body Works, Inc.
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Net Income 878 M
Depreciation & Amortization 269 M
Capital Expenditures -298 M
Stock-Based Compensation 43 M
Change in Working Capital -82 M
Others 1 M
Free Cash Flow 656 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Bath & Body Works, Inc.
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Wall Street analysts predict an average 1-year price target for BBWI of $47.3 , with forecasts ranging from a low of $31 to a high of $60 .
BBWI Lowest Price Target Wall Street Target
31 USD -12.58%
BBWI Average Price Target Wall Street Target
47.3 USD 33.41%
BBWI Highest Price Target Wall Street Target
60 USD 69.20%
4. DIVIDEND ANALYSIS
0.70% DIVIDEND YIELD
0.2 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Bath & Body Works, Inc.
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
1.99 M USD 1
9-12 MONTHS
776 K USD 2
Bought
0 USD 0
0-3 MONTHS
178 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
4 months ago
Oct 09, 2024
Bought 178 K USD
Boswell Gina
Chief Executive Officer
+ 6000
29.642 USD
8 months ago
Jun 18, 2024
Sell 1.99 M USD
Nash Sarah E
Director
- 48000
41.5025 USD
11 months ago
Mar 27, 2024
Sell 210 K USD
Mazurek Thomas E.
Chief Supply Chain Officer
- 4285
48.8949 USD
1 year ago
Mar 01, 2024
Sell 566 K USD
Rosen Julie
President, Retail
- 12361
45.8277 USD
1 year ago
Mar 28, 2023
Sell 62.2 K USD
Arlin Wendy C.
EVP and CFO
- 1625
38.2906 USD
2 years ago
May 27, 2022
Sell 690 K USD
Mazurek Thomas E.
Chief Supply Chain Officer
- 16338
42.2521 USD
2 years ago
Apr 19, 2022
Sell 330 K USD
Arlin Wendy C.
EVP and CFO
- 6000
55 USD
3 years ago
Nov 24, 2021
Sell 401 K USD
SCHOTTENSTEIN ROBERT H
Director
- 5375
74.518 USD
3 years ago
Sep 22, 2021
Sell 954 K USD
Nash Sarah E
Director
- 14400
66.2588 USD
3 years ago
Sep 08, 2021
Sell 1.29 M USD
Bersani James L.
President - Real Estate
- 19913
64.9 USD
3 years ago
Jul 19, 2021
Sell 949 M USD
Wexner Leslie H.
10 percent owner
- 13001096
73.01 USD
3 years ago
Jul 19, 2021
Sell 730 M USD
Wexner Leslie H.
10 percent owner
- 10000000
73.01 USD
3 years ago
Jul 19, 2021
Sell 435 M USD
Wexner Leslie H.
10 percent owner
- 5958809
73.01 USD
3 years ago
Jun 03, 2021
Sell 98 M USD
Wexner Leslie H.
10 percent owner
- 1500000
65.3 USD
3 years ago
Jun 03, 2021
Sell 229 M USD
Wexner Leslie H.
10 percent owner
- 3500000
65.3 USD
3 years ago
May 27, 2021
Sell 2.52 M USD
Bersani James L.
President - Real Estate
- 36458
69.21 USD
3 years ago
Mar 22, 2021
Sell 58.3 M USD
Wexner Leslie H.
director, 10 percent owner:
- 1000000
58.31 USD
3 years ago
Mar 22, 2021
Sell 2.92 M USD
Wexner Leslie H.
director, 10 percent owner:
- 50000
58.31 USD
3 years ago
Mar 22, 2021
Sell 117 M USD
Wexner Leslie H.
director, 10 percent owner:
- 2000000
58.31 USD
4 years ago
Feb 26, 2021
Sell 4.14 M USD
Burgdoerfer Stuart B
EVP & CFO
- 75848
54.56 USD
4 years ago
Feb 26, 2021
Bought 200 K USD
Bellinger Patricia S.
Director
+ 3666
54.5261 USD
4 years ago
Feb 26, 2021
Sell 628 K USD
Bersani James L.
President - Real Estate
- 11279
55.65 USD
4 years ago
Nov 20, 2020
Sell 749 K USD
Bersani James L.
President - Real Estate
- 18900
39.65 USD
4 years ago
Sep 01, 2020
Sell 851 K USD
Bersani James L.
President - Real Estate
- 28373
30.0013 USD
4 years ago
Aug 25, 2020
Sell 29.7 M USD
Wexner Leslie H.
director, 10 percent owner:
- 1000000
29.7 USD
4 years ago
Aug 25, 2020
Sell 59.4 M USD
Wexner Leslie H.
director, 10 percent owner:
- 2000000
29.7 USD
4 years ago
Jun 23, 2020
Bought 10 K USD
Sheehan Anne
Director
+ 685
14.64 USD
6 years ago
Jul 06, 2018
Bought 181 K USD
Bersani James L.
EVP & President - Real Estate
+ 5000
36.28 USD
6 years ago
Nov 21, 2018
Sell 181 K USD
ZIMMERMAN RAYMOND
Director
- 6385
28.3285 USD
6 years ago
May 25, 2018
Bought 35.3 K USD
JAMES DONNA
Director
+ 1000
35.292 USD
6 years ago
May 25, 2018
Sell 35.3 K USD
JAMES DONNA
Director
- 1000
35.292 USD
6 years ago
Mar 21, 2018
Sell 673 K USD
Burgdoerfer Stuart B
EVP & CFO
- 17000
39.56 USD
6 years ago
Mar 13, 2018
Sell 1.4 M USD
Burgdoerfer Stuart B
EVP & CFO
- 33000
42.526 USD
7 years ago
Nov 20, 2017
Bought 499 K USD
KOLLAT DAVID T
Director
+ 9910
50.34 USD
7 years ago
Aug 18, 2017
Bought 995 K USD
KOLLAT DAVID T
Director
+ 26500
37.56 USD
7 years ago
Sep 21, 2017
Bought 370 K USD
TESSLER ALLAN R
Director
+ 10000
36.9994 USD
7 years ago
Sep 21, 2017
Bought 370 K USD
TESSLER ALLAN R
Director
+ 10000
36.9994 USD
7 years ago
May 19, 2017
Sell 1.95 M USD
Coe Nicholas
CEO-Bath and Body Works
- 39839
48.88 USD
8 years ago
Feb 24, 2017
Sell 567 K USD
Coe Nicholas
CEO-Bath and Body Works
- 11093
51.07 USD
8 years ago
Aug 30, 2016
Sell 1.81 M USD
McGuigan Charles
Chief Operating Officer
- 23687
76.37 USD
8 years ago
Aug 23, 2016
Sell 3.53 M USD
Waters Martin P
Pres, L Brands International
- 45500
77.49 USD
8 years ago
Jul 11, 2016
Sell 334 K USD
Coe Nicholas
CEO-Bath and Body Works
- 4951
67.53 USD
8 years ago
Jun 24, 2016
Bought 238 K USD
TESSLER ALLAN R
Director
+ 3500
67.9161 USD
8 years ago
May 25, 2016
Sell 1.84 M USD
Coe Nicholas
CEO-Bath and Body Works
- 28444
64.5878 USD
8 years ago
Mar 23, 2016
Sell 1.54 M USD
Coe Nicholas
CEO-Bath and Body Works
- 18075
85.24 USD
9 years ago
Dec 28, 2015
Sell 144 K USD
ZIMMERMAN RAYMOND
Director
- 1500
96.26 USD
9 years ago
Nov 03, 2015
Sell 3.27 M USD
TURNEY SHAREN J
CEO/P VS Megabrand Int App Grp
- 32655
100.0043 USD
9 years ago
Nov 04, 2015
Sell 4.75 M USD
TURNEY SHAREN J
CEO/P VS Megabrand Int App Grp
- 47345
100.3062 USD
9 years ago
Oct 07, 2015
Sell 10.2 M USD
TURNEY SHAREN J
CEO/P VS Megabrand Int App Grp
- 107801
95 USD
9 years ago
Jul 09, 2015
Sell 419 K USD
Coe Nicholas
CEO-Bath and Body Works
- 5000
83.79 USD
9 years ago
Jun 24, 2015
Bought 20 K USD
ZIMMERMAN RAYMOND
Director
+ 228
87.6189 USD
9 years ago
Jun 24, 2015
Bought 24.8 K USD
ZIMMERMAN RAYMOND
Director
+ 282
87.7698 USD
9 years ago
Jun 24, 2015
Bought 68.1 K USD
ZIMMERMAN RAYMOND
Director
+ 775
87.8082 USD
9 years ago
Jun 04, 2015
Sell 4.31 M USD
Burgdoerfer Stuart B
EVP & CFO
- 49113
87.72 USD
9 years ago
Jun 04, 2015
Sell 512 K USD
McGuigan Charles
Pres Global Sourcing&Logistics
- 5815
87.9789 USD
9 years ago
Jun 04, 2015
Sell 1.31 M USD
Coe Nicholas
CEO-Bath and Body Works
- 15000
87.1077 USD
9 years ago
Apr 13, 2015
Sell 4.44 M USD
McGuigan Charles
Pres Global Sourcing&Logistics
- 47316
93.74 USD
9 years ago
Mar 17, 2015
Sell 2.81 M USD
Burgdoerfer Stuart B
EVP & CFO
- 30750
91.4385 USD
10 years ago
Aug 28, 2014
Sell 255 K USD
ZIMMERMAN RAYMOND
Director
- 4000
63.8264 USD
10 years ago
Sep 11, 2014
Sell 13 M USD
TURNEY SHAREN J
CEO/P VS Megabrand Int App Grp
- 200000
65.02 USD
10 years ago
Aug 25, 2014
Sell 125 M USD
Wexner Leslie H.
Chairman and CEO
- 2000000
62.64 USD
10 years ago
Jun 17, 2014
Sell 694 K USD
JAMES DONNA
Director
- 12000
57.837 USD
10 years ago
Jul 07, 2014
Sell 203 K USD
Coe Nicholas
CEO-Bath and Body Works
- 3321
61.21 USD
10 years ago
Jun 30, 2014
Sell 1.24 M USD
Ramsey Jane L
EVP of HR
- 21219
58.61 USD
10 years ago
Jun 02, 2014
Sell 408 K USD
Coe Nicholas
CEO-Bath and Body Works
- 7053
57.8 USD
10 years ago
Jun 02, 2014
Sell 166 K USD
McGuigan Charles
Pres Global Sourcing&Logistics
- 2880
57.68 USD
10 years ago
Jun 02, 2014
Sell 654 K USD
McGuigan Charles
Pres Global Sourcing&Logistics
- 11313
57.81 USD
10 years ago
Apr 10, 2014
Sell 217 K USD
McGuigan Charles
Pres Global Sourcing&Logistics
- 3800
57.18 USD
10 years ago
Apr 10, 2014
Sell 1.41 M USD
McGuigan Charles
Pres Global Sourcing&Logistics
- 24991
56.43 USD
11 years ago
Feb 28, 2014
Bought 563 K USD
STEINOUR STEPHEN D
Director
+ 10000
56.348 USD
11 years ago
Sep 05, 2013
Sell 898 K USD
McGuigan Charles
Pres Global Sourcing&Logistics
- 15538
57.81 USD
11 years ago
Jul 30, 2013
Sell 7.7 M USD
TURNEY SHAREN J
CEO/P VS Megabrand Int App Grp
- 139854
55.0794 USD
11 years ago
Jul 30, 2013
Sell 11 M USD
TURNEY SHAREN J
CEO/P VS Megabrand Int App Grp
- 200000
55.216 USD
11 years ago
Jul 29, 2013
Sell 560 K USD
Burgdoerfer Stuart B
EVP & CFO
- 10378
54 USD
11 years ago
Jul 12, 2013
Sell 173 K USD
Coe Nicholas
CEO-Bath and Body Works
- 3329
51.87 USD
11 years ago
Jun 04, 2013
Sell 540 K USD
Burgdoerfer Stuart B
EVP & CFO
- 10377
52 USD
11 years ago
May 28, 2013
Sell 4.33 M USD
Burgdoerfer Stuart B
EVP & CFO
- 86799
49.93 USD
11 years ago
Apr 11, 2013
Sell 74 M USD
Wexner Leslie H.
Chairman and CEO
- 1500000
49.32 USD
11 years ago
Apr 05, 2013
Sell 631 K USD
McGuigan Charles
Pres Global Sourcing&Logistics
- 13887
45.46 USD
11 years ago
Apr 08, 2013
Sell 468 K USD
McGuigan Charles
Pres Global Sourcing&Logistics
- 10000
46.84 USD
12 years ago
Oct 02, 2012
Bought 500 K USD
MORRIS MICHAEL G
Director
+ 10110
49.43 USD
12 years ago
Sep 27, 2012
Sell 694 K USD
McGuigan Charles
Pres Global Sourcing&Logistics
- 14091
49.25 USD
12 years ago
Sep 20, 2012
Sell 128 K USD
McGuigan Charles
Pres Global Sourcing&Logistics
- 2496
51.15 USD
12 years ago
Aug 17, 2012
Sell 557 K USD
Ramsey Jane L
EVP of HR
- 11260
49.5 USD
12 years ago
Jul 13, 2012
Sell 460 K USD
TESSLER ALLAN R
Director
- 10000
45.9997 USD
12 years ago
Apr 13, 2012
Sell 731 K USD
REDGRAVE MARTYN R
EVP & Chief Admin Officer
- 15239
48 USD
12 years ago
Apr 16, 2012
Sell 2.49 M USD
REDGRAVE MARTYN R
EVP & Chief Admin Officer
- 52011
47.89 USD
12 years ago
Apr 04, 2012
Sell 1.52 M USD
McGuigan Charles
Pres Global Sourcing&Logistics
- 31286
48.61 USD
12 years ago
Apr 03, 2012
Sell 9.21 M USD
TURNEY SHAREN J
CEO/P VS Megabrand Int App Grp
- 188000
48.98 USD
12 years ago
Mar 27, 2012
Sell 97.5 M USD
Wexner Leslie H.
Chairman and CEO
- 2000000
48.76 USD
12 years ago
Mar 27, 2012
Sell 97.5 M USD
Wexner Leslie H.
Chairman and CEO
- 2000000
48.76 USD
12 years ago
Mar 22, 2012
Sell 1.57 M USD
McGuigan Charles
Pres Global Sourcing&Logistics
- 32241
48.82 USD
13 years ago
Feb 27, 2012
Sell 6.38 M USD
REDGRAVE MARTYN R
EVP & Chief Admin Officer
- 137206
46.53 USD
13 years ago
Feb 24, 2012
Sell 13.9 K USD
Ramsey Jane L
EVP of HR
- 300
46.205 USD
13 years ago
Feb 24, 2012
Sell 2.13 M USD
Ramsey Jane L
EVP of HR
- 46013
46.2 USD
13 years ago
Oct 24, 2011
Sell 8.43 M USD
TURNEY SHAREN J
CEO/P VS Megabrand Int App Grp
- 193762
43.5 USD
13 years ago
May 26, 2011
Sell 2 M USD
TURNEY SHAREN J
CEO/P VS Megabrand Int App Grp
- 50000
40 USD
13 years ago
Oct 10, 2011
Sell 886 K USD
McGuigan Charles
Pres Global Sourcing&Logistics
- 21100
42 USD
13 years ago
Sep 16, 2011
Sell 1.16 M USD
Ramsey Jane L
EVP of HR
- 28994
40 USD
13 years ago
Sep 19, 2011
Sell 91.6 K USD
Loomis William R Jr
Director
- 2284
40.09 USD
13 years ago
Jun 02, 2011
Bought 53.2 K USD
Hersch Dennis S
Director
+ 1461
36.38 USD
13 years ago
May 25, 2011
Sell 1.95 M USD
TURNEY SHAREN J
CEO/P VS Megabrand Int App Grp
- 50000
39.02 USD
13 years ago
May 20, 2011
Sell 2.21 M USD
NEAL DIANE L
CEO Bath & Body Works
- 55690
39.6018 USD
13 years ago
May 20, 2011
Sell 3.58 M USD
NEAL DIANE L
CEO Bath & Body Works
- 90347
39.59 USD
13 years ago
Apr 07, 2011
Sell 1.6 M USD
REDGRAVE MARTYN R
EVP & Chief Admin Officer
- 45000
35.59 USD
13 years ago
Apr 07, 2011
Sell 500 K USD
Burgdoerfer Stuart B
CFO
- 13884
36 USD
13 years ago
Apr 08, 2011
Sell 514 K USD
Burgdoerfer Stuart B
CFO
- 13884
37 USD
13 years ago
Apr 05, 2011
Sell 1.68 M USD
REDGRAVE MARTYN R
EVP & Chief Admin Officer
- 50000
33.5 USD
13 years ago
Apr 05, 2011
Sell 3.08 M USD
Burgdoerfer Stuart B
CFO
- 90564
34 USD
13 years ago
Apr 06, 2011
Sell 486 K USD
Burgdoerfer Stuart B
CFO
- 13884
35 USD
13 years ago
Mar 31, 2011
Sell 2.07 M USD
Burgdoerfer Stuart B
CFO
- 63075
32.74 USD
13 years ago
Apr 01, 2011
Sell 778 K USD
Burgdoerfer Stuart B
CFO
- 23572
33.01 USD
13 years ago
Mar 28, 2011
Sell 1.11 M USD
NEAL DIANE L
CEO Bath & Body Works
- 34423
32.28 USD
14 years ago
Feb 28, 2011
Sell 1.65 M USD
Burgdoerfer Stuart B
CFO
- 51012
32.26 USD
14 years ago
Feb 28, 2011
Sell 211 K USD
Burgdoerfer Stuart B
CFO
- 6558
32.18 USD
7. News
Bath & Body Works (BBWI) Expected to Beat Earnings Estimates: Should You Buy? Bath & Body Works (BBWI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 1 week ago
Bath & Body Works: New Disney Collaboration Offers Top- And Bottom-Line Inflection Opportunity: Analyst The launch of Bath & Body Works Inc's BBWI new collaboration with Walt Disney Co DIS may lead to an inflection on both revenues and profits in fiscal 2025, according to JPMorgan. benzinga.com - 1 week ago
Small-Cap Surge: 3 Stocks Ready to Ride the Market Rotation When the stock market seems to be on a roll, trending ever so higher without much interruption, there comes a point when the excess returns begin to concentrate in a single area while leaving most other worthy names behind. Today, as the broader S&P 500 hovers near its all-time high prices, a different area of the stock market (and the economy) is beginning to catch up. marketbeat.com - 1 week ago
Bath & Body Works To Report Fourth Quarter and Fiscal 2024 Results on February 27, 2025 COLUMBUS, Ohio, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) announced today that it plans to report its fourth quarter and fiscal 2024 financial results before market open on Thursday, February 27, 2025. In conjunction with this report, the company will host a conference call at 8:30 a.m. EST during which Gina Boswell, chief executive officer, and Eva Boratto, chief financial officer, will discuss the company's results and provide a business update. Supplemental materials will be posted approximately 45 minutes prior to the start of the conference call on the events and presentations page in the Investors section of the company's website at bbwinc.com. globenewswire.com - 2 weeks ago
Here's Why Bath & Body Works (BBWI) Looks Ripe for Bottom Fishing After losing some value lately, a hammer chart pattern has been formed for Bath & Body Works (BBWI), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term. zacks.com - 2 weeks ago
Bath & Body Works Declares Cash Dividend COLUMBUS, Ohio, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) announced today the declaration of its regular quarterly dividend of $0.20 per share payable on March 7, 2025, to shareholders of record at the close of business on February 21, 2025. globenewswire.com - 3 weeks ago
Will Bath & Body Works (BBWI) Beat Estimates Again in Its Next Earnings Report? Bath & Body Works (BBWI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report. zacks.com - 3 weeks ago
Is the Options Market Predicting a Spike in Bath & Body Works (BBWI) Stock? Investors need to pay close attention to Bath & Body Works (BBWI) stock based on the movements in the options market lately. zacks.com - 3 weeks ago
Billionaire Investor Jumps From One Iconic Brand to Another With Latest Move According to Bloomberg, Lone Pine Capital made approximately $5 billion in investment gains for its investors in 2024. Founded by Stephen Mandel Jr. in 1996, the one-time Tiger Cub outsources the day-to-day operations but maintains a visible presence at the Greenwich-based hedge fund. In 2023, Mandel is said to have made $500 million personally, a nice rebound from Lone Pine’s losses in 2022, when the long/short fund lost 32%, while its long-only fund dropped 42%. It also has a fund for private investments. Given the gains in 2024, Mandel is likely to have recouped much of his losses from 2022’s terrible year in the markets. Bloomberg estimates the firm’s assets under management at $18.2 billion. According to its Q3 2024 13f holdings report, $13.41 billion was invested in 29 stocks, an average of $462 million per company. In the third quarter, the hedge fund closed out four stocks, added six positions, reduced its holdings in 12 stocks, and added nine new names. Lone Pine significantly reduced its exposure to one of the country’s leading providers of personal care and home fragrance products. Then, it turned around and poured the proceeds into another iconic brand. Here’s why. Key Points About This Article: Lone Pine Capital closed out its Bath & Body Works (NYSE:BBWI) holdings in Q3 2024 after nearly five years of owning the stock. Billionaire Stephen Mandel Jr.’s hedge fund poured the proceeds into Starbucks (NASDAQ:SBUX), a struggling but iconic American brand. The coffee chain’s turnaround is in the early stages, but CEO Brian Niccol is willing to look at all possible ideas to improve the business. Sit back and let dividends do the heavy lifting for a simple, steady path to serious wealth creation over time. Grab a free copy of “2 Legendary High-Yield Dividend Stocks” now. Holding for Four Years Is a Long Time for Most Hedge Funds Lone Pine sold 11.32 million shares of Bath and Body Works (NYSE:BBWI) in the third quarter, closing out its position after four-and-a-half years, an exceptionally long time for a hedge fund. When the hedge fund first acquired shares in the company in Q1 2020, it was still part of L Brands, Leslie Wexner’s retail conglomerate. Lone Pine acquired 26.27 million shares. In August 2021, L Brands spun out its Victoria’s Secret (NYSE:VSCO) into its own public company. As a result, L Brands was renamed Bath & Body Works. At the time of the spin-off, Lone Pine owned 24.30 million shares of BBWI and 8.61 million of VSCO. L Brands shareholders received one share of VSCO for every three shares held in the parent company. The hedge fund sold its entire position in Victoria’s Secret in Q2 2022. As of March 31, 2022, it had 22.22 million shares of BBWI. Therefore, Lone Pine sold 57% of its original position in Bath & Body Works (L Brands) over 17 quarters and the remaining 43% in the latest quarter. Why now? According to WhaleWisdom.com, Lone Pine’s average price for BBWI stock was $22.40. The hedge fund missed out on selling when BBWI’s share price hit $75 in late 2021. It likely sold the shares between $40 and $50 in the third quarter, figuring there were better opportunities elsewhere. The shares have rebounded since hitting a 52-week low of $26.21 last September. As the saying goes, “A bird in the hand is worth two in the bush.” It invested the approximate proceeds of $500 million in an even more iconic brand than Bath & Body Works, which L Brands founded in 1990 as Express Inc.’s beauty line. Starbucks Is on the Ropes The hedge fund acquired 4.05 million shares of Starbucks (NASDAQ:SBUX) in the third quarter at an estimated average price of $84.54. It instantly became Long Pine’s 18th-largest holding, accounting for 2.95% of its portfolio. While the hedge fund’s purchase of Starbucks, which cost approximately $320 million, wasn’t its most significant expenditure in Q3, it was the value/turnaround play of the nine new stocks bought during the quarter. As most investors know, former Chipotle Mexican Grill (NYSE:CMG) CEO Brian Niccol was hired by the company in August to turn around its struggling business. He’s been a very busy man ever since. On Oct. 31, Niccol revealed more of his turnaround strategy for the company. High on the list of things to change is the customization available on the mobile app. There are just too many options, and many of them are unnecessary. It makes life easier for the baristas and reduces the time spent making the drink. Anyone who regularly goes to Starbucks knows that the menu has become a telephone book of items to order. I get the same Americano with a splash of milk every time, though I might change that up once a month if I’m lucky. I have no idea who’s buying many of these products. So, Niccol is cutting the number of items offered. Too many choices have been proven to be a bad thing. Lastly, it wants to return to being a “third place” where customers go that’s neither work nor home. To do that, it has created a code of conduct for its stores that emphasizes the seating, wi-fi, and bathrooms for customers and employees. You probably won’t be kicked out for just minding your business, but if you linger without ordering, you could be asked to leave. That, to me, is Business 101. Give your most loyal customers a good experience, and they’ll be happy to keep spending. Starbucks stock hit an all-time high of $126.32 on July 1, 2021. Lone Pine is betting it can reach that sooner rather than later. I guess we’ll see. The post Billionaire Investor Jumps From One Iconic Brand to Another With Latest Move appeared first on 24/7 Wall St.. https://247wallst.com - 4 weeks ago
Bath & Body Works Undervalued: Goldman Sachs Sees Upside Amid Strong Candle Day Performance Goldman Sachs analyst Kate McShane reiterated a Buy rating on the shares of Bath & Body Works Inc. BBWI with a price target of $52.00. benzinga.com - 1 month ago
The 4 S's driving retail success in 2025: Expert Telsey Advisory Group CEO and chief research officer Dana Telsey joins Madison Mills on Catalysts to share her outlook for the retail sector in 2025. Telsey maintains an optimistic stance, noting that the retail sector is "still a buy" for 2025. youtube.com - 1 month ago
Bath & Body Works Has Long-Term Earnings Potential Bath & Body Works shows long-term potential through cost-saving measures, customer loyalty, and expansion into new product categories like haircare and men's care. Despite an around 15% YTD stock dip, BBWI trades at 12x January 2025 earnings, offering a 2.1% yield and long-term growth prospects. BBWI's strategic shift to off-mall locations and strong digital sales growth, coupled with high customer loyalty, bolster its retail performance. seekingalpha.com - 2 months ago
8. Profile Summary

Bath & Body Works, Inc. BBWI

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COUNTRY US
INDUSTRY Specialty Retail
MARKET CAP $ 7.68 B
Dividend Yield 0.70%
Description Bath & Body Works, Inc. operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. The company sells its products under the Bath & Body Works, White Barn, and other brand names through specialty retail stores and websites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements. As of January 29, 2022, it operated 1,755 company-operated retail stores and 338 international partner-operated stores. The company was formerly known as L Brands, Inc. and changed its name to Bath & Body Works, Inc. in August 2021. Bath & Body Works, Inc. was founded in 1963 and is headquartered in Columbus, Ohio.
Contact Three Limited Parkway, Columbus, OH, 43230 https://www.bbwinc.com
IPO Date April 1, 1982
Employees 8981
Officers Mr. Thilina Gunasinghe Chief Digital & Technology Officer Mr. Maurice Cooper Chief Customer Office Ms. Eva C. Boratto Chief Financial Officer Mr. Michael C. Wu Chief Legal Officer & Corporate Secretary Mr. Brian K. Leinbach Executive Vice President & Chief Information Officer Ms. Gina R. Boswell Chief Executive Officer & Director Mr. Tom Mazurek Chief Supply Chain Officer Dr. Deon N. Riley Non-Executive Officer Ms. Kelie Charles Vice President & Chief Diversity Officer Bruce Mosier Executive Vice President of Logistics