Bath & Body Works (BBWI) has seen a flurry of financial activity lately. Institutions like
Alecta Tjanstepension Omsesidigt and
Teachers Retirement System of The State of Kentucky have reduced their stakes in the firm. Meanwhile,
Morgan Stanley has lowered their price target for BBWI to $41 but maintains a buy rating. The company's Stock saw a jump of almost 10%, potentially due to earnings expectations.
Legato Capital Management LLC and
Y Intercept Hong Kong Ltd have acquired new stakes in the firm. Despite some shares trading down, BBWI's Q1 earnings beat estimates and showed promising growth. Additionally, new partnerships, such as the one with
Disney for a fragrance collection, have excited investors. BBWI's new Halloween Collection quickly sold out, indicating strong consumer interest. Moreover, the company has named a new CEO and announced strong Q1 sales and earnings, instilling investor confidence.
Bath Body Works BBWI News Analytics from Mon, 30 Sep 2024 07:00:00 GMT to Sat, 26 Jul 2025 06:38:50 GMT -
Rating 6
- Innovation 3
- Information 6
- Rumor 5
