SCHEDULE: FMR LLC Boosts Stake in Bath & Body Works to 8.3%
Beneficial Ownership Disclosure
FMR LLC and Abigail P. Johnson have reported an 8.3% beneficial ownership stake in Bath & Body Works Inc., holding over 17 million shares of common stock.
Summary
- FMR LLC and Abigail P. Johnson collectively beneficially own 17,176,068.05 shares of Bath & Body Works Inc. common stock.
- This aggregate amount represents 8.3% of the total outstanding common stock of Bath & Body Works Inc.
- FMR LLC holds sole voting power over 17,065,906.57 shares and sole dispositive power over 17,176,068.05 shares.
- Abigail P. Johnson, as a Director, Chairman, and CEO of FMR LLC, is deemed to have sole dispositive power over the same 17,176,068.05 shares.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Bath & Body Works Inc.
Sentiment
Score: 6
Explanation: The filing is a routine disclosure of beneficial ownership by a major institutional investor. While not directly impacting company performance, a significant stake by a reputable firm can be viewed as a neutral to slightly positive signal of confidence in the issuer.
Positives
- The significant beneficial ownership stake of 8.3% by a major institutional investor like FMR LLC may signal confidence in Bath & Body Works Inc.'s long-term prospects.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding Bath & Body Works Inc.'s financial performance or strategic direction.
Management Comments
- FMR LLC and Abigail P. Johnson certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Industry Context
This filing is a routine disclosure of institutional ownership and does not provide specific analysis of Bath & Body Works Inc.'s position within the broader retail or personal care industry trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Reporting Entity Structure Disclosure | Abigail P. Johnson is a Director, Chairman, and Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners of Series B voting common shares of FMR LLC, representing 49% of the voting power. A shareholders' voting agreement ensures all Series B shares are voted in accordance with the majority, potentially forming a controlling group under the Investment Company Act of 1940. | NA | This describes the internal governance and control structure of the reporting entity, FMR LLC, and its affiliates, rather than changes to Bath & Body Works Inc.'s corporate governance. |
Stakeholder Impact
- Shareholders: Increased institutional ownership by FMR LLC could be perceived as a vote of confidence, potentially contributing to market stability or investor interest.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for FMR LLC. |
| 01/10/2023 | Date of Schedule 13G filing by FMR LLC, referenced for Power of Attorney. |
| 01/26/2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 01/31/2023 | Date of Schedule 13G filing by FMR LLC, referenced for Abigail P. Johnson's Power of Attorney. |
| 09/30/2025 | Date of event which requires filing of this statement. |
| 11/04/2025 | Date of filing and Rule 13d-1(k)(1) agreement. |
Keywords
Bath & Body Works, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Ownership, Retail
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