5 Stocks to Buy Now According to Munir Javeri’s 3G Sahana Capital Management

In this article, we discuss 5 stocks to buy now according to Munir Javeri’s 3G Sahana Capital Management. If you want to read our detailed analysis of Javeri’s history and hedge fund performance, go directly to 9 Stocks to Buy Now According to Munir Javeri’s 3G Sahana Capital Management.

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

3G Sahana Capital Management Stake Value: $70,107,000
Percentage of 3G Sahana Capital Management’s 13F Portfolio: 7.88%
Number of Hedge Fund Holders: 62

Bath & Body Works, Inc. (NYSE:BBWI) is a specialty business that is home to America’s favourite fragrances, specializing in fine fragrance mists, body lotions, body creams, 3-wick candles, home fragrance diffusers, and liquid hand soaps. 3G Sahana Capital Management reduced its stake in Bath & Body Works, Inc. (NYSE:BBWI) during the fourth quarter of 2021 by around 14%. The fund now owns over 1 million shares of Bath & Body Works, Inc. (NYSE:BBWI), worth close to $70.11 million, representing 7.88% of the portfolio.

Out of the 924 elite hedge funds tracked by Insider Monkey, 62 were long Bath & Body Works, Inc. (NYSE:BBWI) at the close of the fourth quarter, in contrast to 56 hedge funds that were bullish on the company in Q3 2021.

After the Q4 results, B. Riley analyst Susan Anderson cut her Bath & Body Works, Inc. (NYSE:BBWI) price target to $76 from $91 and reaffirmed a Buy rating. Due to margin issues, the company’s projection was a little weaker than Wall Street’s expectations, according to Anderson, but it was still within its long-term objective EBIT margin.