Bridger Dumps 301,000 Bath & Body Works Shares Worth $7.7 Million

This specialty retailer delivers personal care and home fragrance products through a broad network of stores and online channels.On February 17, 2026, Bridger Management, LLC disclosed in a U.S. Securities and Exchange Commission (SEC) filing that it sold all of its Bath & Body Works (BBWI +3.20%) shares in the fourth quarter.What happenedAccording to an SEC filing dated February 17, 2026, Bridger Management, LLC sold all 300,619 shares of Bath & Body Works during the fourth quarter. The estimated transaction value was $7.74 million, calculated using the average price for the quarter. What else to knowTop holdings after the filing:NYSE:MS: $24.27 million (15.6% of AUM)NASDAQ:AMZN: $15.30 million (9.8% of AUM)NYSE:TEVA: $11.47 million (7.4% of AUM)NYSE:NKE: $11.45 million (7.4% of AUM)NYSE:ALC: $8.53 million (5.5% of AUM)As of February 17, 2026, shares were priced at $24.67, down 32.3% over one year, underperforming the S&P 500 by 38.07 percentage points.Fund downsizing: total 13F AUM shrank by 16% quarter-over-quarter.Company OverviewMetricValueRevenue (TTM)$7.35 billionNet Income (TTM)$699.00 millionDividend Yield3.24%Price (as of market close 2/17/26)$24.67Company SnapshotOffers home fragrance, body care, soaps, and sanitizer products under the Bath & Body Works and White Barn brands through retail stores and e-commerce channels.Generates revenue primarily from direct-to-consumer sales in company-operated stores and online, supplemented by international franchise, license, and wholesale arrangements.Targets retail consumers in the United States and Canada, with additional reach through international partners.Bath & Body Works, Inc. is a leading specialty retailer with a focus on personal care and home fragrance products, operating a broad network of company-operated and partner stores.What this transaction means for investorsBridger Management has sold out of Bath & Body Works stock at a difficult time for the company.The fund had held shares of the stock since the second quarter of 2023. Its performance struggled during the time Bridger owned it before the stock price began to crater as the fund sold it.Historically, the company had stood out in this highly competitive market with brand loyalty, a robust supply chain, and omnichannel retailing.However, in recent years, sales levels have stagnated amid shifting buying patterns and falling popularity with Gen Z. In Q3, these trends culminated with the company lowering its guidance for the remainder of 2025 and analysts forecasting lower sales in 2026.ExpandNYSE: BBWIBath & Body WorksToday's Change(3.20%) $0.72Current Price$23.24Key Data PointsMarket Cap$4.6BDay's Range$22.73 - $23.4652wk Range$14.28 - $41.87Volume290KAvg Vol6.2MGross Margin44.09%Dividend Yield3.55%Indeed, amid a low valuation, Bath & Body Works stock staged a modest rebound beginning in late 2025. Still, even with a P/E ratio of less than 8, the fund decided to close its position, indicating Bridger did not have a high degree of faith in a rebound for the retail stock.Read NextDec 26, 2025 •By Will HealyBlueshift Dumps 106,000 Bath & Body Works Shares Worth $3.4 MillionDec 5, 2025 •By Will HealyBarington Loads Up Bath and Body Works With 125,000 Shares BoughtNov 20, 2025 •By Daniel SparksWhy Bath & Body Works Stock Cratered TodayJun 4, 2024 •By Rich SmithWhy Bath & Body Works Stock Tumbled 13% on TuesdayMay 22, 2023 •By Chris HillMontana Bans TikTok. What's Next?May 19, 2023 •By Demitri KalogeropoulosWhy Bath & Body Works Stock Was Up This WeekAbout the AuthorWill Healy is a contributing Motley Fool stock market analyst covering technology and consumer goods industries.

Before The Motley Fool, Will was a freelance writer covering stocks and personal finance for MSN Money, Yahoo! Finance, and Nasdaq. Earlier in his career, he was an expert in geographic information systems, applying spatial and IT skills to perform RF and demographic analysis in the telecom industry. He holds a bachelor’s degree in journalism from Texas A&M University and an MBA in finance and strategy from the University of Texas at Dallas.TMFWillHealyX@HealyWritingStocks MentionedBath & Body WorksNYSE: BBWI$23.24 (+3.20%) $+0.72Morgan StanleyNYSE: MS$168.79 (+1.19%) $+1.99AmazonNASDAQ: AMZN$208.56 (+1.60%) $+3.29Teva Pharmaceutical IndustriesNYSE: TEVA$33.96 (+0.15%) $+0.05NikeNYSE: NKE$64.09 (+1.58%) $+1.00AlconNYSE: ALC$84.19 (+1.62%) $+1.34*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.