Billionaire Dan Loeb’s Top Stock Picks

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5. Bath & Body Works, Inc. (NYSE:BBWI)

Number of Hedge Fund Holders: 36  

Third Point’s Stake: $376.2 million

Bath & Body Works, Inc. (NYSE:BBWI) operates as a specialty retailer of home fragrances, body care, and soap and sanitizer products. The following are some factors that make Bath & Body Works a great investment choice. Firstly, a robust increase in net sales is witnessed in the report for the third quarter of 2024. For instance, the company reported net sales of $1,610 million, an increase of 3% compared to net sales of $1,562 million for the quarter ended October 28, 2023, indicating a positive signal of growth in the company’s core operation. The company’s agile business model and predominantly US-based supply chain have enabled it to increase sales. Additionally, the company is committed to environmental sustainability, as outlined in its Environmental, Social, and Governance (ESG) strategy. Bath & Body Works targets 50% of packaging to be recyclable, reusable, or compostable by 2025, and 100% by 2030.

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