Boswell snapped up the slumping stock the following month, purchasing 6,000 shares in the company for $177,850.Write to Mackenzie Tatananni at [email protected]

Bath & Body Works is forecasting a smaller decline in full-year sales and raising its profit estimate after better-than-expected third-quarter earnings. The news sent the retailer’s share price up 17 percent to $35.96.

For the current quarter, Bath & Body Works ( BBWI ), which includes holiday sales, sales are expected to be down 4.5% to down 6.5% with a 500-basis point headwind due to the shorter holiday season and an extra week in Q4 2023. Earnings are targeted for $1.94 to $2.07 per share compared to $1.97 estimates.