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

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 index rebalancing where Movado will be removed from the S&P SmallCap 600 a...

Analysis

This announcement details index rebalancing where Movado will be removed from the S&P SmallCap 600 as Amentum enters the S&P 500 and Bath & Body Works shifts indices. Such changes can alter the mix of passive and benchmark-driven holders without signaling a change in Movado’s fundamentals. Investors may monitor subsequent liquidity, ownership disclosures, and upcoming earnings updates to assess how the new index status fits with the company’s recent positive financial trajectory.

Key Figures

Amentum S&P 500 effective date: September 30, 2024 BBWI S&P 500 removal: October 1, 2024 BBWI SmallCap 600 addition: October 1, 2024 +1 more

4 metrics

Amentum S&P 500 effective date September 30, 2024 Effective prior to open when Amentum joins S&P 500

BBWI S&P 500 removal October 1, 2024 Effective date BBWI leaves S&P 500

BBWI SmallCap 600 addition October 1, 2024 Effective date BBWI joins S&P SmallCap 600

MOV SmallCap 600 deletion October 1, 2024 Effective date MOV leaves S&P SmallCap 600

Historical Context

5 past events · Latest: Mar 19 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 19	Earnings results	Positive	+9.5%	Fiscal 2026 results with net sales, EPS and strong cash position.
Mar 12	Earnings call date	Neutral	+0.6%	Announcement of date and time for Q4 and FY 2026 call.
Jan 06	Conference participation	Neutral	+4.3%	ICR Conference 2026 participation and investor meetings disclosure.
Nov 25	Earnings results	Positive	+6.1%	Q3 fiscal 2026 sales growth, margin expansion, and higher EPS.
Nov 18	Earnings call date	Neutral	+2.5%	Scheduling of Q3 fiscal 2026 results release and conference call.

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

Pattern Detected

Recent earnings releases for MOV have been followed by positive price reactions, while neutral scheduling and conference announcements also saw modest gains.

Recent Company History

Over the past several quarters, Movado Group reported solid financials, including $671.3M in fiscal 2026 net sales and improved Q3 fiscal 2026 margins, with no debt and recurring dividends of $0.35 per share. Conference participation and earnings-date announcements in late 2025 and early 2026 also coincided with smaller positive moves. Against this backdrop, today’s index deletion from the S&P SmallCap 600 marks a structural change rather than a fundamental shift.

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..."

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

"Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector"

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.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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
spdji.comms@spglobal.com 

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.