This $129 Million Bath & Body Works Stake Got Liquidated as Firm Cut Outlook Amid $1.6 Billion Quarter

Core Insights - Cooper Creek Partners Management sold its entire holding of Bath & Body Works shares, valued at approximately $128.98 million, as of February 17, 2026 [1][2]. Company Overview - Bath & Body Works reported a total revenue of $7.35 billion and a net income of $699 million for the trailing twelve months (TTM) [4]. - The company has a dividend yield of 3.24% and its stock price was $24.67 as of February 17, 2026 [4]. Recent Performance - The company's third-quarter sales decreased by 1% to $1.6 billion, with earnings per share (EPS) reported at $0.37 and adjusted EPS at $0.35 [10]. - Operating income fell to $161 million from $218 million year-over-year, and management revised full-year EPS guidance to at least $2.83, or $2.87 adjusted [10]. Strategic Initiatives - Bath & Body Works is implementing a transformation plan aimed at reigniting product innovation and brand relevance while targeting $250 million in cost savings over two years [11]. - The company is facing macroeconomic pressures and elevated inventory levels of $1.25 billion [11]. Market Context - As of February 17, 2026, Bath & Body Works shares have declined by 36.3% over the past year, significantly underperforming the S&P 500, which increased by approximately 16% [8]. - The company operates a vertically integrated specialty retail model, distributing products through various channels including physical stores and e-commerce [9].