Billionaire Daniel Sundheim’s Portfolio: 5 New Stock Picks

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

D1 Capital Partners’ Stake Value: $573,762,000

Percentage of D1 Capital Partners’ 13F Portfolio: 3.20%

Number of Hedge Fund Holders: 56

Bath & Body Works, Inc. (NYSE:BBWI) is an American retailer selling body wash, lotions, fragrances, and candles, among other similar personal care products. Daniel Sundheim, as of Q3 2021, acquired 9.10 million Bath & Body Works, Inc. (NYSE:BBWI) shares, worth $573.7 million, representing 3.20% of the billionaire’s total 13F securities. 

Bath & Body Works, Inc. (NYSE:BBWI), on November 17, posted its Q3 results. The company announced an EPS of $0.92, beating estimates by $0.31. The revenue came in at $1.68 billion, exceeding estimates by $69.03 million. 

Goldman Sachs analyst Kate McShane initiated coverage of Bath & Body Works, Inc. (NYSE:BBWI) with a Buy rating and a $93 price target on December 14. The analyst sees Bath & Body Works, Inc. (NYSE:BBWI) as a “strong brand with high awareness and customer retention”. The company’s strengths also include its omnichannel engagement, attractive valuation, and high margins. 

56 hedge funds tracked by Insider Monkey were bullish on Bath & Body Works, Inc. (NYSE:BBWI) in Q3 2021, with stakes equaling $6.5 billion, as compared to 53 funds holding stakes in Bath & Body Works, Inc. (NYSE:BBWI) worth $6.3 billion in the preceding quarter.