Top 5 Stock Picks of Thomas Bancroft’s Makaira Partners

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

Bancroft’s Stake Value: $97,184,000

Percentage of Thomas Bancroft’s 13F Portfolio: 19.27%

Number of Hedge Fund Holders: N/A

Bath & Body Works, Inc. (NYSE: BBWI) engages in the retailing of body care, home fragrance products, soaps, and sanitizers. The company sells its products under Bath & Body Works, White Barn, C.O. Bigelow, and other brand names online and at retail stores located in the United States, Canada, and internationally. Bath & Body Works, Inc. (NYSE: BBWI) operates approximately 1,750 company-operated locations and 300 international franchised locations, as well as bathandbodyworks.com. Bath & Body Works, Inc. (NYSE: BBWI) was founded in 1963 and is headquartered in Columbus, Ohio.

This August B. Riley analyst Susan Anderson raised the firm’s price target on Bath & Body Works, Inc. (NYSE: BBWI) from $71.93 to $78 and kept a Buy rating on the shares. She anticipates “solid growth” for Bath & Body Works, Inc. (NYSE: BBWI) given the company’s growth initiatives and “replenishment nature” of its products.

According to the latest filings, Makaira Partners owned over 1.34 million shares in the firm at the end of June 2021 worth more than $97 million, representing 19.27% of the portfolio.

As of the fiscal second quarter of 2022, Bath & Body Works, Inc. (NYSE: BBWI) reported an EPS of $1.34, beating estimates by $0.57. Total revenue grew 43.03% year over year to $3.32 billion beating estimates by $1.63 billion. Bath & Body Works, Inc. (NYSE: BBWI) has gained 35.58% over the past 6 months and 107.31% year to date.