BBWI Chart
About

Bath & Body Works, Inc. operates as a specialty retailer of home fragrance, personal and body care, soaps, and sanitizer products. The company offers body and home fragrances, including 3-wick candles, home fragrance diffusers, fine fragrance mists, liquid hand soaps, body lotions, and body creams. It sells its products under the Bath & Body Works, White Barn, and other brand names through retail stores and e-commerce sites in the United States and Canada, as well as through international stores operated by partners under the franchise, license, and wholesale arrangements. 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.

Fundamentals
Scroll to Statements
Sector Consumer Cyclical Industry Specialty Retail Market Cap 4.16B
Enterprise Value 8.15B Income 649.00M Sales 7.29B
Book/sh -6.30 Cash/sh 4.70 Dividend Yield 3.91%
Payout 25.72% Employees IPO
P/E 6.48 Forward P/E 7.04 PEG
P/S 0.57 P/B -3.20 P/C
EV/EBITDA 5.91 EV/Sales 1.12 Quick Ratio 0.71
Current Ratio 1.27 Debt/Eq LT Debt/Eq
EPS (ttm) 3.11 EPS next Y 2.87 EPS Growth -4.70%
Revenue Growth -2.30% Earnings 2026-05-28 ROA 14.16%
ROE ROIC Gross Margin 43.74%
Oper. Margin 22.54% Profit Margin 8.90% Shs Outstand 204.72M
Shs Float 190.77M Short Float 8.20% Short Ratio 2.90
Short Interest 52W High 34.66 52W Low 14.28
Beta 1.42 Avg Volume 5.46M Volume 1.07M
Target Price $27.62 Recom Buy Prev Close $20.44
Price $20.16 Change -1.37%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$27.62
Mean price target
2. Current target
$20.16
Latest analyst target
3. DCF / Fair value
$65.00
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$20.16
Low
$22.00
High
$56.00
Mean
$27.62

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-05 main Barclays Equal-Weight → Equal-Weight $25
2026-03-05 main Telsey Advisory Group Market Perform → Market Perform $25
2026-03-04 main Telsey Advisory Group Market Perform → Market Perform $23
2026-03-02 main Barclays Equal-Weight → Equal-Weight $21
2026-02-27 main Telsey Advisory Group Market Perform → Market Perform $23
2026-02-23 main UBS Neutral → Neutral $22
2026-02-17 down Citigroup Buy → Neutral $25
2026-01-08 main UBS Neutral → Neutral $21
2026-01-06 main Barclays Equal-Weight → Equal-Weight $20
2025-12-10 init Guggenheim — → Neutral
2025-11-21 main Citigroup Buy → Buy $21
2025-11-21 main Barclays Equal-Weight → Equal-Weight $18
2025-11-21 main UBS Neutral → Neutral $17
2025-11-21 main Wells Fargo Overweight → Overweight $25
2025-11-21 main B of A Securities Buy → Buy $26
2025-11-21 down Telsey Advisory Group Outperform → Market Perform $17
2025-11-21 down Morgan Stanley Overweight → Equal-Weight $18
2025-11-21 down Goldman Sachs Buy → Neutral $17
2025-11-21 down Baird Outperform → Neutral $19
2025-11-20 main B of A Securities Buy → Buy $32
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 10000 155800.0 Purchase at price 15.58 per share. NASH SARAH E Director 2025-11-24 00:00:00 D
1 22500 350550.0 Purchase at price 15.58 per share. SYMANCYK JAMES KEVIN Director 2025-11-24 00:00:00 D
2 20000 300700.0 Purchase at price 15.04 per share. VOSKUIL STEVEN E Director 2025-11-21 00:00:00 D
3 6700 99528.0 Purchase at price 14.86 per share. STEINOUR STEPHEN D Director 2025-11-21 00:00:00 D
4 3343 50128.0 Purchase at price 15.00 per share. HONDAL FRANCIS A Director 2025-11-21 00:00:00 D
5 3469 49962.0 Purchase at price 14.40 per share. BRADY LUCY Director 2025-11-21 00:00:00 D
6 9402 Stock Award(Grant) at price 0.00 per share. NASH SARAH E Director 2025-06-05 00:00:00 D
7 5641 Stock Award(Grant) at price 0.00 per share. VOSKUIL STEVEN E Director 2025-06-05 00:00:00 D
8 5641 Stock Award(Grant) at price 0.00 per share. BOGLIOLO ALESSANDRO Director 2025-06-05 00:00:00 D
9 5641 Stock Award(Grant) at price 0.00 per share. SYMANCYK JAMES KEVIN Director 2025-06-05 00:00:00 D
Financials
Line Item2025-01-312024-01-312023-01-312022-01-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.220.140.240.24
NormalizedEBITDA1.62B1.64B1.61B2.17B
NetIncomeFromContinuingOperationNetMinorityInterest798.00M878.00M794.00M1.07B
ReconciledDepreciation282.00M269.00M221.00M363.00M
ReconciledCostOfRevenue4.07B4.19B4.30B4.03B
EBITDA1.62B1.64B1.61B2.17B
EBIT1.34B1.37B1.39B1.81B
NetInterestIncome-312.00M-345.00M-348.00M-388.00M
InterestExpense312.00M345.00M348.00M388.00M
NormalizedIncome798.00M878.00M794.00M1.07B
NetIncomeFromContinuingAndDiscontinuedOperation798.00M878.00M800.00M1.33B
TotalExpenses6.04B6.14B6.18B5.87B
TotalOperatingIncomeAsReported1.27B1.28B1.38B2.01B
DilutedAverageShares221.00M229.00M233.00M273.25M
BasicAverageShares216.00M225.94M229.00M273.02M
DilutedEPS3.613.843.434.88
BasicEPS3.683.893.494.88
DilutedNIAvailtoComStockholders798.00M878.00M800.00M1.33B
NetIncomeCommonStockholders798.00M878.00M800.00M1.33B
NetIncome798.00M878.00M800.00M1.33B
NetIncomeIncludingNoncontrollingInterests798.00M878.00M800.00M1.33B
NetIncomeDiscontinuousOperations0.000.006.00M258.00M
NetIncomeContinuousOperations798.00M878.00M794.00M1.07B
TaxProvision230.00M143.00M251.00M348.00M
PretaxIncome1.03B1.02B1.04B1.42B
OtherIncomeExpense74.00M81.00M17.00M-198.00M
OtherNonOperatingIncomeExpenses74.00M81.00M17.00M-198.00M
NetNonOperatingInterestIncomeExpense-312.00M-345.00M-348.00M-388.00M
InterestExpenseNonOperating312.00M345.00M348.00M388.00M
OperatingIncome1.27B1.28B1.38B2.01B
OperatingExpense1.97B1.95B1.88B1.85B
SellingGeneralAndAdministration1.97B1.95B1.88B1.85B
GeneralAndAdministrativeExpense1.97B1.95B1.88B1.85B
OtherGandA1.97B1.95B1.88B1.85B
GrossProfit3.23B3.24B3.25B3.85B
CostOfRevenue4.07B4.19B4.30B4.03B
TotalRevenue7.31B7.43B7.56B7.88B
OperatingRevenue7.31B7.43B7.56B7.88B
Line Item2025-01-312024-01-312023-01-312022-01-31
TreasurySharesNumber15.00M15.00M15.00M15.00M
OrdinarySharesNumber216.00M225.94M229.00M253.90M
ShareIssued231.00M240.94M244.00M268.90M
NetDebt3.21B3.30B3.63B2.88B
TotalDebt4.96B5.57B6.05B6.01B
TangibleBookValue-2.18B-2.42B-3.00B-2.31B
InvestedCapital2.50B2.76B2.66B3.34B
WorkingCapital592.00M826.00M887.00M1.72B
NetTangibleAssets-2.18B-2.42B-3.00B-2.31B
CapitalLeaseObligations1.07B1.19B1.19B1.16B
CommonStockEquity-1.39B-1.63B-2.21B-1.52B
TotalCapitalization2.50B2.76B2.66B3.34B
TotalEquityGrossMinorityInterest-1.38B-1.63B-2.21B-1.52B
MinorityInterest2.00M1.00M1.00M1.00M
StockholdersEquity-1.39B-1.63B-2.21B-1.52B
GainsLossesNotAffectingRetainedEarnings71.00M75.00M78.00M80.00M
OtherEquityAdjustments71.00M75.00M78.00M80.00M
TreasuryStock822.00M822.00M822.00M822.00M
RetainedEarnings-1.58B-1.84B-2.40B-1.80B
AdditionalPaidInCapital829.00M838.00M817.00M893.00M
CapitalStock115.00M120.00M122.00M134.00M
CommonStock115.00M120.00M122.00M134.00M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest6.25B7.09B7.70B7.54B
TotalNonCurrentLiabilitiesNetMinorityInterest5.02B5.80B6.32B6.25B
OtherNonCurrentLiabilities233.00M261.00M276.00M253.00M
LiabilitiesHeldforSaleNonCurrent0.00
NonCurrentDeferredLiabilities24.00M147.00M168.00M157.00M
NonCurrentDeferredTaxesLiabilities24.00M147.00M168.00M157.00M
LongTermDebtAndCapitalLeaseObligation4.77B5.39B5.88B5.84B
LongTermCapitalLeaseObligation883.00M1.00B1.01B989.00M
LongTermDebt3.88B4.39B4.86B4.85B
CurrentLiabilities1.23B1.29B1.38B1.29B
CurrentDeferredLiabilities197.00M198.00M195.00M148.00M
CurrentDeferredRevenue197.00M198.00M195.00M148.00M
CurrentDebtAndCapitalLeaseObligation192.00M181.00M177.00M170.00M
CurrentCapitalLeaseObligation192.00M181.00M177.00M170.00M
PensionandOtherPostRetirementBenefitPlansCurrent127.00M142.00M
PayablesAndAccruedExpenses842.00M910.00M1.01B972.00M
CurrentAccruedExpenses286.00M260.00M316.00M322.00M
InterestPayable63.00M58.00M74.00M75.00M
Payables556.00M650.00M691.00M650.00M
TotalTaxPayable218.00M270.00M236.00M215.00M
IncomeTaxPayable117.00M120.00M74.00M34.00M
AccountsPayable338.00M380.00M455.00M435.00M
TotalAssets4.87B5.46B5.49B6.03B
TotalNonCurrentAssets3.05B3.35B3.23B3.02B
OtherNonCurrentAssets50.00M135.00M155.00M149.00M
NonCurrentDeferredAssets130.00M144.00M37.00M45.00M
NonCurrentDeferredTaxesAssets130.00M144.00M37.00M45.00M
GoodwillAndOtherIntangibleAssets793.00M793.00M793.00M793.00M
OtherIntangibleAssets165.00M165.00M165.00M165.00M
Goodwill628.00M628.00M628.00M628.00M
NetPPE2.08B2.28B2.24B2.03B
AccumulatedDepreciation-2.09B-1.90B-1.72B-1.57B
GrossPPE4.17B4.18B3.96B3.60B
Leases891.00M850.00M809.00M722.00M
ConstructionInProgress37.00M43.00M73.00M63.00M
OtherProperties949.00M1.06B1.05B1.02B
MachineryFurnitureEquipment1.88B1.82B1.64B1.41B
BuildingsAndImprovements323.00M319.00M306.00M301.00M
LandAndImprovements87.00M90.00M90.00M89.00M
Properties0.000.000.000.00
CurrentAssets1.82B2.12B2.27B3.01B
OtherCurrentAssets114.00M97.00M99.00M81.00M
AssetsHeldForSaleCurrent96.00M0.000.00
Inventory734.00M710.00M709.00M709.00M
FinishedGoods589.00M558.00M538.00M521.00M
RawMaterials145.00M152.00M171.00M188.00M
Receivables205.00M224.00M226.00M240.00M
AccountsReceivable205.00M224.00M226.00M240.00M
CashCashEquivalentsAndShortTermInvestments674.00M1.08B1.23B1.98B
CashAndCashEquivalents674.00M1.08B1.23B1.98B
Line Item2025-01-312024-01-312023-01-312022-01-31
FreeCashFlow660.00M656.00M816.00M1.22B
RepurchaseOfCapitalStock-401.00M-148.00M-1.31B-1.96B
RepaymentOfDebt-539.00M-462.00M-9.00M-1.73B
IssuanceOfDebt0.000.00
CapitalExpenditure-226.00M-298.00M-328.00M-270.00M
EndCashPosition674.00M1.08B1.23B1.98B
BeginningCashPosition1.08B1.23B1.98B3.93B
EffectOfExchangeRateChanges-2.00M-1.00M-1.00M1.00M
ChangesInCash-408.00M-147.00M-746.00M-1.96B
FinancingCashFlow-1.13B-815.00M-1.56B-3.19B
CashFlowFromContinuingFinancingActivities-1.13B-815.00M-1.56B-3.19B
NetOtherFinancingCharges-15.00M-23.00M-55.00M541.00M
ProceedsFromStockOptionExercised4.00M6.00M83.00M
CashDividendsPaid-177.00M-182.00M-186.00M-120.00M
CommonStockDividendPaid-177.00M-182.00M-186.00M-120.00M
NetCommonStockIssuance-401.00M-148.00M-1.31B-1.96B
CommonStockPayments-401.00M-148.00M-1.31B-1.96B
NetIssuancePaymentsOfDebt-539.00M-462.00M-9.00M-1.73B
NetShortTermDebtIssuance0.000.00
ShortTermDebtPayments0.000.00
ShortTermDebtIssuance0.000.00
NetLongTermDebtIssuance-539.00M-462.00M-9.00M-1.73B
LongTermDebtPayments-539.00M-462.00M-9.00M-1.73B
LongTermDebtIssuance0.000.00
InvestingCashFlow-162.00M-286.00M-328.00M-259.00M
CashFlowFromContinuingInvestingActivities-162.00M-286.00M-328.00M-259.00M
NetOtherInvestingChanges64.00M12.00M11.00M
CapitalExpenditureReported-226.00M-298.00M-328.00M-270.00M
OperatingCashFlow886.00M954.00M1.14B1.49B
CashFlowFromContinuingOperatingActivities886.00M954.00M1.14B1.49B
ChangeInWorkingCapital-93.00M-82.00M68.00M-490.00M
ChangeInOtherWorkingCapital-12.00M-7.00M-26.00M-91.00M
ChangeInPayablesAndAccruedExpense-73.00M-75.00M83.00M-158.00M
ChangeInPayable-73.00M-75.00M83.00M-158.00M
ChangeInAccountPayable-50.00M-109.00M44.00M-86.00M
ChangeInTaxPayable-23.00M34.00M39.00M-72.00M
ChangeInIncomeTaxPayable-23.00M34.00M39.00M-72.00M
ChangeInInventory-26.00M-2.00M0.00-177.00M
ChangeInReceivables18.00M2.00M11.00M-64.00M
ChangesInAccountReceivables18.00M2.00M11.00M-64.00M
StockBasedCompensation40.00M43.00M38.00M46.00M
AssetImpairmentCharge0.008.00M0.000.00
DeferredTax-112.00M-128.00M17.00M45.00M
DeferredIncomeTax-112.00M-128.00M17.00M45.00M
DepreciationAmortizationDepletion282.00M269.00M221.00M363.00M
DepreciationAndAmortization282.00M269.00M221.00M363.00M
Depreciation282.00M269.00M221.00M363.00M
OperatingGainsLosses-29.00M-34.00M195.00M
EarningsLossesFromEquityInvestments0.000.00
GainLossOnInvestmentSecurities-39.00M
GainLossOnSaleOfBusiness0.000.00
NetIncomeFromContinuingOperations798.00M878.00M800.00M1.33B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for BBWI
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status