BATH & BODY WORKS, INC.
boothcheck covers BATH & BODY WORKS, INC. (BBWI) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed July 25, 2026.
• The physical shop is still the business, with stores in the United States and Canada supplying 77% of revenue against 19% from direct and 4% from international, and the annual report notes that the fourth quarter ⟦typically accounts for approximately 40% of our Net Sales and is our most profitable quarter⟧. • Profit is going the wrong way, with the company reporting that ⟦For 2025, Operating Income was $1,126 million, which decreased $140 million, or 11%⟧ against the prior year. • Ownership is
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450 institutional managers reported holding BBWI in 13F filings for the quarter ended 2026-03-31. 79 opened new positions that quarter. Held by Vanguard Group, FMR (Fidelity), BlackRock, among others. On the short side, 16.7M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (3.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
BBWI has cut its share count 26.9% over the past five years, spending $4.06B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting); the current rate is $0.80 a share annually. Cash returned over the past three years: $520.00M in dividends and $950.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at BBWI over the trailing three years: 2024: 1 buy totaling $178k; 2025: 6 buys totaling $1.01M. 16 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
BBWI's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-09-02 | -1.0% | -14.6% |
| 2023-12-02 | -9.7% | +28.2% |
| 2024-03-23 | -0.6% | +3.3% |
| 2024-06-05 | -8.9% | -35.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
BBWI's latest 8-K filings: 2026-08-26 (items 2.02, 7.01, 9.01); 2026-07-20 (items 7.01, 9.01); 2026-06-15 (items 5.07); 2026-05-27 (items 2.02, 5.02, 7.01, 9.01); 2026-03-04 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.