Amentum Set to Join S&P 500; Bath & Body Works to Join S&P SmallCap 600

(Moderate)

(Neutral)

Rhea-AI Summary

Amentum (NYSE:AMTM) will join the S&P 500 effective prior to the open on Sept 30, 2024, replacing Bath & Body Works (NYSE:BBWI). Bath & Body Works will move to the S&P SmallCap 600 prior to the open on Oct 1, 2024, replacing Movado (NYSE:MOV).

Jacob's Solutions (NYSE:J) is spinning off its Critical Mission Solutions and Cyber Intelligence business, which will merge with private Amentum to create the newly public Amentum Holdings in a transaction expected to complete on Sept 30, 2024. S&P Dow Jones Indices says Bath & Body Works is no longer representative of the large-cap market space and Movado is no longer representative of the small-cap market space.

Positive

Amentum to join S&P 500 effective Sept 30, 2024
New Amentum created via completed spin-off and merger on Sept 30, 2024

Negative

Bath & Body Works exiting S&P 500 effective Oct 1, 2024
Bath & Body Works moved to S&P SmallCap 600, lowering large-cap representation

Market Context

This announcement details Bath & Body Works’ removal from the S&P 500 and addition to the S&P SmallC...

Analysis

This announcement details Bath & Body Works’ removal from the S&P 500 and addition to the S&P SmallCap 600, reflecting its current large‑cap versus small‑cap profile. Pre‑news, the stock traded at 18.35, below its 200‑day MA of 24.33 and well under the 34.66 52‑week high. Recent history combined brand collaborations and an Amazon storefront launch with softer 2025 results and a cautious 2026 outlook. Investors may watch how index reweightings, fundamentals, and future guidance interact from here.

Key Figures

S&P 500 addition date: September 30, 2024 S&P 500 deletion date: October 1, 2024 SmallCap 600 addition: October 1, 2024 +5 more

8 metrics

S&P 500 addition date September 30, 2024 Amentum added to S&P 500 prior to market open

S&P 500 deletion date October 1, 2024 Bath & Body Works removed from S&P 500

SmallCap 600 addition October 1, 2024 Bath & Body Works added to S&P SmallCap 600

Current price $18.35 Price before announced index changes

52-week high $34.66 Pre-news 52-week trading range high

52-week low $14.275 Pre-news 52-week trading range low

Market cap $3,640,530,197 Equity value before index removal

200-day moving average $24.33 Technical reference vs current price

Historical Context

5 past events · Latest: Apr 07 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 07	Fragrance anniversary	Positive	-0.1%	Celebrated 20 years of Japanese Cherry Blossom with new and legacy scents.
Mar 20	Brand collaboration launch	Positive	-4.5%	Released limited-edition Mother’s Day collection with Vera Bradley and new fragrances.
Mar 04	Earnings and guidance	Negative	+2.6%	Reported slightly lower 2025 results and guided 2026 sales and EPS down.
Feb 27	Seasonal product launch	Positive	-2.4%	Introduced limited-time PEEPS®-branded spring collection across categories.
Feb 20	Amazon storefront launch	Positive	+1.0%	Opened authorized Amazon U.S. storefront to expand third-party distribution.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news often saw share moves diverge from the apparent tone of announcements, including product launches and earnings.

Recent Company History

Over recent months, Bath & Body Works issued multiple brand and strategic updates, including collaborations like PEEPS® and Vera Bradley and the launch of an authorized Amazon storefront. Financially, it reported fourth-quarter 2025 net sales of $2.724 billion and full-year 2025 net sales of $7.291 billion, with a 2026 outlook calling for lower sales and earnings. Today’s shift from the S&P 500 to the S&P SmallCap 600 follows this period of modest sales pressure and strategic repositioning.

Key Terms

s&p 500, s&p smallcap 600, gics sector

3 terms

s&p 500 financial

"Amentum Holdings Inc. (NYSE: AMTM) will be added to the S&P 500 effective prior..."

The S&P 500 is a broad stock market index that tracks the performance of 500 large U.S. companies, weighted so bigger firms have a larger impact. Investors use it like a thermometer or benchmark to judge how the overall U.S. stock market or a portfolio is doing; movements in the index influence investor sentiment, fund performance, and many passive investment products that aim to match its returns.

View in glossary

s&p smallcap 600 financial

"Bath & Body Works, Inc. (NYSE: BBWI), which will be moved to the S&P SmallCap 600..."

A stock market index made up of 600 small-cap U.S. companies chosen to represent the performance of smaller publicly traded firms. It matters to investors because it acts like a temperature gauge for the small-company segment of the market, serving as a benchmark for fund managers, a basis for index funds and ETFs, and a way to compare returns and risk when building a diversified portfolio.

gics sector financial

GICS sector is one of the major industry groupings from the Global Industry Classification Standard, a system that sorts companies into consistent categories (like Technology or Health Care) based on the primary business they do. Investors use these sectors like folders in a filing cabinet to compare companies, build diversified portfolios, and track how whole parts of the market are performing rather than focusing on single stocks.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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09/24/2024 - 06:13 PM

NEW YORK, Sept. 24, 2024 /PRNewswire/ -- Amentum Holdings Inc. (NYSE: AMTM) will be added to the S&P 500 effective prior to the open of trading on Monday, September 30, replacing Bath & Body Works, Inc. (NYSE: BBWI), which will be moved to the S&P SmallCap 600 effective prior to the open of trading on Tuesday, October 1. Bath & Body Works will replace Movado Group, Inc. (NYSE: MOV) in the S&P SmallCap 600 also effective prior to the open of trading on October 1. S&P 500 constituent Jacob's Solutions Inc. (NYSE: J) is spinning off its Critical Mission Solutions and Cyber Intelligence business, which will merge with private Amentum to create newly publicly traded Amentum Holdings in a transaction expected to be completed on September 30. Bath & Body Works is no longer representative of the large-cap market space and Movado is no longer representative of the small-cap market space.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date	Index Name	Action	Company Name	Ticker	GICS Sector
Sept 30, 2024	S&P 500	Addition	Amentum	AMTM	Industrials
Oct 1, 2024	S&P 500	Deletion	Bath & Body Works	BBWI	Consumer Discretionary
Oct 1, 2024	S&P SmallCap 600	Addition	Bath & Body Works	BBWI	Consumer Discretionary
Oct 1, 2024	S&P SmallCap 600	Deletion	Movado	MOV	Consumer Discretionary

For more information about S&P Dow Jones Indices, please visit www.spdji.com.

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
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View original content:https://www.prnewswire.com/news-releases/amentum-set-to-join-sp-500-bath--body-works-to-join-sp-smallcap-600-302257757.html

SOURCE S&P Dow Jones Indices

FAQ

Why is Amentum (AMTM) being added to the S&P 500 on Sept 30, 2024?

Amentum (AMTM) is being added because the merged public company will meet index criteria. According to S&P Dow Jones Indices, the spin-off and merger creating Amentum are expected to complete on Sept 30, 2024, prompting the S&P 500 addition.

What does Bath & Body Works (BBWI) moving to the S&P SmallCap 600 mean for investors on Oct 1, 2024?

BBWI moving to the SmallCap 600 means it will represent smaller-cap benchmarks instead of large-cap ones. According to S&P Dow Jones Indices, Bath & Body Works is no longer representative of the large-cap market space, effective prior to the open on Oct 1, 2024.

How will the Jacob's Solutions (J) spin-off affect the creation of Amentum on Sept 30, 2024?

The spin-off transfers Jacob's Solutions' Critical Mission Solutions and Cyber Intelligence business into the merged public Amentum. According to S&P Dow Jones Indices, that spin-off and merger are expected to complete on Sept 30, 2024, creating the newly public Amentum Holdings.

Will Movado (MOV) be removed from the S&P SmallCap 600 on Oct 1, 2024?

Yes, Movado (MOV) will be deleted from the S&P SmallCap 600 effective prior to the open on Oct 1, 2024. According to S&P Dow Jones Indices, Bath & Body Works will replace Movado in the SmallCap 600 on that date.

When do these S&P index changes take effect for AMTM, BBWI, and MOV in 2024?

The effective dates are Sept 30, 2024 for Amentum's S&P 500 addition and Oct 1, 2024 for Bath & Body Works' SmallCap 600 addition and Movado's deletion. According to S&P Dow Jones Indices, changes occur prior to the open on those dates.