Renaissance Technologies 13F: Adds $56M to BBWI Stake

Renaissance Technologies has significantly boosted its position in Bath & Body Works, Inc. (NYSE:BBWI), according to a recent SEC filing. The hedge fund added 2,455,500 shares, bringing its total holdings to 2,732,733 shares, a massive 885.7% increase. The total value of Renaissance's stake now stands at approximately $62.5 million as of the end of the reporting period.

What Changed in Renaissance Technologies' Bath & Body Works Position

Renaissance Technologies made a notable move by increasing its stake in Bath & Body Works by 885.7%. Previously holding 277,233 shares, the firm added 2,455,500 shares, reaching a total of 2,732,733 shares. This increase reflects a substantial vote of confidence in the company, with the total value of the position now at $62.5 million.

Other Institutional Activity in Bath & Body Works

Among other institutional investors, FMR LLC grew its holdings by 3,944,735 shares, ending with 20,888,799 shares valued at about $390 million, a 23.3% increase. BLACKROCK, INC. reduced its position by 1,826,464 shares, holding 19,322,372 shares worth $361 million, marking an 8.6% decrease. VANGUARD PORTFOLIO MANAGEMENT LLC opened a new position with 15,021,767 shares valued at $280 million. AQR CAPITAL MANAGEMENT LLC trimmed its stake by 405,215 shares, now holding 11,040,713 shares worth $206 million, a 3.5% decrease. Meanwhile, D. E. SHAW & CO., INC. increased its holdings by 3,735,358 shares to 9,504,593 shares, valued at $177 million, a 64.7% increase.

Bath & Body Works, Inc. Stock Up 31.4%

Shares of Bath & Body Works traded around $22.86 on Saturday. The company has a market capitalization of approximately $4.61 billion and a P/E ratio of 6.49. Its stock has a 52-week low of $14.28 and a high of $33.96, with a 50-day moving average of $19.13 and a 200-day moving average of $21.34. Bath & Body Works also maintains a current ratio of 1.38 and a quick ratio of 0.67, indicating its ability to cover short-term obligations.

Recent Earnings

In the most recent quarter, Bath & Body Works reported revenue of $7.25 billion, though it faced a slight revenue decline of 3.2%. The company's net margin stood at 10.04%, with earnings per share (EPS) of $3.52. Looking ahead, Bath & Body Works is scheduled to announce its next earnings on August 27, 2026.

Dividend

Bath & Body Works offers an annual dividend rate of $0.80, yielding 3.5% based on its current share price. The company's dividend payout ratio is 22.73%, indicating a sustainable dividend policy relative to its earnings.

Insider Buying and Selling at Bath & Body Works, Inc.

Several insiders made notable purchases in June 2026. Interim CFO Tom Javitch acquired 10,309 shares, while other insiders, including Alessandro Bogliolo, Juan Rajlin, and Sarah Nash, each bought 7,970 shares. These transactions reflect confidence in the company's future prospects.

Analysts Set New Price Targets

Analysts have maintained varied outlooks on Bath & Body Works. On June 23, 2026, Wells Fargo maintained a 'buy' rating with a $26 price target. Telsey Advisory Group and Barclays both maintained 'hold' ratings with targets of $22 and $23, respectively. The consensus among 14 analysts is a 'hold' recommendation, with a mean target price of $25.64.

About Bath & Body Works

Bath & Body Works, Inc. is a leading specialty retailer in the consumer cyclical sector, focusing on personal care and home fragrance products. Headquartered in Columbus, Ohio, and led by CEO Daniel Heaf, the company employs over 9,000 people. It operates retail stores and e-commerce sites in the U.S. and Canada, offering a wide range of products from body lotions to home fragrance diffusers.

Bottom Line

Renaissance Technologies' significant increase in its stake in Bath & Body Works underscores the hedge fund's confidence in the company's future. The stock's current performance, coupled with recent insider buying and mixed analyst ratings, will be of interest to investors tracking the specialty retail sector. As always, remember that 13F filings are backward-looking and may not represent the investor's current position.