Bath & Body Works Inc (BBWI): $31.43
Market Cap: $6.89B
Enterprise Value: $12.32B
Despite muted insider activity due to earnings-related quiet periods, the list of the top insider purchases and sales this week yielded some interesting companies – such as the “entertainment” (arcade and restaurant) company Dave & Buster’s Entertainment (PLAY) or the trading platform Robinhood Markets (HOOD). The company that stood out to us the most was the specialty retailer Bath & Body Works (BBWI).
Bath & Body Works has a slightly complicated history – the company was founded in 1990 but was soon acquired by Limited Brands/L Brands, which owned several other brands such as Victoria’s Secret (VSCO) and Abercrombie & Fitch (ANF). L Brands would acquire and later sell off numerous retailers, the last of which was the Victoria’s Secret carve-out in August 2021. Following this spinoff, Bath & Body Works became L Brands’ only label, and the company renamed itself accordingly.