Billionaire Izzy Englander is Selling These 5 Stocks

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

Number of Hedge Fund Holders: 56

Bath & Body Works, Inc. (NYSE:BBWI) is an American retail store chain that sells skincare products and fragrances. In Q3 2021, Millennium Management sold off its entire stake in the company, which represented 0.02% of the hedge fund’s portfolio in Q2.

In the third quarter, Bath & Body Works, Inc. (NYSE:BBWI) reported a 53% growth in sales from the pre-pandemic levels in 2019. The company expects growth in its business during the holiday season as it offers market leadership in key categories. Recently, Goldman Sachs initiated its coverage on Bath & Body Works, Inc. (NYSE:BBWI) with a Buy rating and a $93 price target, due to the company’s strong brand.

In Q3 2021, the number of hedge funds tracked by Insider Monkey having stakes in Bath & Body Works, Inc. (NYSE:BBWI) grew to 56, from 53 in the previous quarter. These stakes hold a total value of over $6.5 billion, up from $6.3 billion in Q2.