SCHEDULE 13G/A: BlackRock Amends Passive Stake in Bath & Body Works, Disclosing 8.8% Ownership

BlackRock, Inc. has filed an Amendment No. 4 to Schedule 13G, disclosing its beneficial ownership of 8.8% of Bath & Body Works, Inc.'s common stock as of March 31, 2025.

Summary

• BlackRock, Inc. filed an Amendment No. 4 to Schedule 13G regarding its beneficial ownership in Bath & Body Works, Inc.
• As of March 31, 2025, BlackRock, Inc. beneficially owns 18,850,697 shares of Bath & Body Works, Inc. common stock.
• This represents 8.8% of the total outstanding common shares of Bath & Body Works, Inc.
• BlackRock, Inc. holds sole voting power over 18,339,958 shares and sole dispositive power over 18,850,697 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• BlackRock Fund Advisors, a subsidiary of BlackRock, Inc., is specifically noted as beneficially owning 5% or greater of the outstanding shares of the security class.

Sentiment

Score: 5

Explanation: The document is a neutral, factual disclosure of beneficial ownership by an institutional investor. It contains no positive or negative operational or financial news about the issuer, Bath & Body Works, Inc.

Future Outlook

The document does not provide any forward-looking statements or guidance from Bath & Body Works, Inc. It is a disclosure of beneficial ownership by an institutional investor, BlackRock, Inc.

Management Comments

• "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing reflects a significant passive investment by BlackRock, one of the world's largest asset managers, in a leading specialty retailer. Such filings are routine disclosures of institutional holdings and do not typically indicate a change in the issuer's operational strategy or market position, but rather an investment decision by the reporting entity based on its portfolio management objectives.

Stakeholder Impact

• This filing primarily impacts shareholders by providing transparency on a significant institutional holding. It indicates BlackRock's continued investment in Bath & Body Works, Inc., which may be viewed positively by other investors as a vote of confidence, though it is a passive stake.

Key Dates

Keywords

BlackRock, Bath & Body Works, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Passive Investment