5 Best Performing Stocks in November

4. Bath & Body Works, Inc. (NYSE:BBWI)

Number of Hedge Fund Holders: 51 

Gain in Share Price in November: 27% 

Bath & Body Works, Inc. (NYSE:BBWI) operates as a specialty retailer of home fragrances, body care, and soap and sanitizer products. On November 17, Bath & Body Works Inc shares soared after a stronger-than-expected earnings report and increase in profit guidance raised the comfort level of investors.

On December 7, Argus analyst Taylor Conrad maintained a Buy rating on Bath & Body Works, Inc. (NYSE:BBWI) stock and raised the price target to $50 from $45, noting that to thrive in the current environment of increasing pressure from online retailers, companies need to have products that sell easily at brick-and-mortar stores and management teams that can make quick merchandising decisions.  

At the end of the third quarter of 2022, 51 hedge funds in the database of Insider Monkey held stakes worth $2.4 billion in Bath & Body Works, Inc. (NYSE:BBWI), compared to 47 in the preceding quarter worth $2 billion.