Citigroup Upgrades Bath & Body Works to Buy: Fund Trends Revealed

Fintel reports that on February 28, 2025, Citigroup upgraded its outlook for Bath & Body Works (WBAG:BBWI) from Neutral to Buy.

Fund Sentiment Update

Currently, 1,160 funds or institutions have reported positions in Bath & Body Works, reflecting an increase of 83 owners, or 7.71%, from the previous quarter. The average portfolio weight of all funds dedicated to BBWI is 0.18%, which shows a rise of 23.86%. Total shares owned by institutions grew by 11.03% in the last three months, reaching 262,007K shares.

Shareholder Actions

The iShares Core S&P Small-Cap ETF (IJR) holds 14,134K shares, representing 6.53% ownership of Bath & Body Works. T. Rowe Price Investment Management has increased its stake to 10,235K shares, which is 4.73% ownership, marking an increase from 9,812K shares and a 4.13% rise in shareholding. Moreover, T. Rowe Price boosted its allocation in BBWI by 29.61% last quarter.

Price T Rowe Associates owns 8,494K shares (3.92% ownership), having raised its shares from 8,048K for a 5.25% increase and a 28.35% boost in portfolio allocation. Conversely, J.P. Morgan Chase currently holds 6,987K shares (3.23% ownership), down from 8,287K shares—an 18.60% reduction, signifying an 81.74% decrease in their investment in BBWI over the last quarter. Lastly, the Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) owns 6,903K shares, representing 3.19% ownership; this reflects a decrease from 7,035K shares, or 1.90%, along with a 24.66% reduction in portfolio allocation.

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This story originally appeared on Fintel.

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