Company Overview - Bath & Body Works, Inc. is a leading specialty retailer focused on personal care and home fragrance products, operating a broad network of company-operated and partner stores [6] - The company reported a revenue of $7.35 billion and a net income of $699 million for the trailing twelve months (TTM) [4] Recent Developments - Bridger Management, LLC sold all 300,619 shares of Bath & Body Works in the fourth quarter of 2025, with an estimated transaction value of $7.74 million [2][7] - The stock price as of February 17, 2026, was $24.67, reflecting a 32.3% decline over the past year, underperforming the S&P 500 by 38.07 percentage points [8][11] Market Position and Challenges - Historically, Bath & Body Works has maintained brand loyalty and a robust supply chain, but recent years have seen stagnation in sales due to shifting buying patterns and declining popularity with Gen Z [7][10] - The company lowered its sales guidance for the remainder of 2025, with analysts forecasting lower sales in 2026 [10] Financial Metrics - The company has a dividend yield of 3.24% and a gross margin of 44.09% [4][11] - Despite a low valuation and a P/E ratio of less than 8, Bridger Management's decision to close its position indicates a lack of confidence in a rebound for the retail stock [11]