Dan Loeb Pulls Plug On Bath & Body Works Stake As Sales Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 11 2025
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Source: Benzinga
Dan Loeb's Stake Exit: Billionaire Dan S. Loeb has exited his stake in Bath & Body Works, reducing his shares from 13.85 million in Q4 2023 to 11.78 million by Q4 2024, amidst a backdrop of declining sales and stock performance.
Analysts' Perspectives: Analysts have mixed views on Bath & Body Works, with some upgrading ratings due to potential growth from collaborations, while others express concerns over reliance on promotions and the company's significant underperformance compared to peers.
Analyst Views on PSCD
Wall Street analysts forecast PSCD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PSCD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 115.552
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Current: 115.552
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
