Barclays Lowers Bath & Body Works Outlook Amid Mixed Institutional Sentiment
On November 8, 2024, Barclays downgraded Bath & Body Works (WBAG:BBWI) from Equal-Weight to Underweight.
Fund Sentiment Overview
A total of 1,074 funds and institutions are currently holding positions in Bath & Body Works. This marks an increase of 5 funds, or 0.47%, from the previous quarter. The average portfolio weight of these funds invested in BBWI is 0.18%, showing a significant rise of 11.75%. Additionally, institutional shares have climbed 4.12% over the past three months, now totaling 240,193K shares.
Institutional Holdings Update
Third Point currently holds 11,975K shares, which represents 5.47% of the company. This is a decrease from their last filing where they reported 12,850K shares, reflecting a drop of 7.31%. Their allocation in BBWI has seen a significant reduction of 34.66% recently.
Lone Pine Capital has increased its holdings, owning 11,316K shares or 5.16% of the company, up from 9,768K shares previously. This represents a 13.68% increase, although their portfolio allocation in BBWI decreased by 7.05% over the last quarter.
T. Rowe Price Investment Management holds 9,826K shares, constituting 4.48% ownership. Their previous report indicated ownership of 11,810K shares, which marks a reduction of 20.19%. Their allocation in BBWI also fell drastically by 33.00% in the past quarter.
Jpmorgan Chase owns 8,181K shares, amounting to 3.73% of Bath & Body Works. They previously held 6,956K shares, showing a 14.98% increase, yet they reduced their overall allocation in BBWI by an astounding 93.99% during the last quarter.
Price T Rowe Associates currently holds 7,107K shares, accounting for 3.24% of the firm. They reported 7,133K shares previously, which is a slight decrease of 0.36%. Their portfolio allocation in BBWI diminished by 24.06% over the recent quarter.
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