Principal Financial Group Inc. Grows Position in Victoria’s Secret & Co. $VSXY

Principal Financial Group Inc. boosted its holdings in Victoria’s Secret & Co. (NYSE:VSXYFree Report) by 39.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 530,793 shares of the company’s stock after acquiring an additional 148,876 shares during the quarter. Principal Financial Group Inc.’s holdings in Victoria’s Secret & Co. were worth $24,608,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VSXY. Bbfit Investments PTE Ltd. purchased a new stake in shares of Victoria’s Secret & Co. during the 4th quarter worth $558,521,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Victoria’s Secret & Co. in the 4th quarter valued at about $87,786,000. Marshall Wace LLP lifted its stake in shares of Victoria’s Secret & Co. by 301.4% in the fourth quarter. Marshall Wace LLP now owns 1,792,727 shares of the company’s stock valued at $97,112,000 after purchasing an additional 1,346,104 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Victoria’s Secret & Co. by 1,454.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,045,465 shares of the company’s stock valued at $56,634,000 after purchasing an additional 978,194 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new stake in Victoria’s Secret & Co. during the third quarter worth about $20,870,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VSXY shares. Bank of America upgraded Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and upped their price target for the stock from $58.00 to $68.00 in a report on Wednesday, April 29th. The Goldman Sachs Group lifted their price objective on Victoria’s Secret & Co. from $56.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. JPMorgan Chase & Co. boosted their target price on Victoria’s Secret & Co. from $77.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. TD Cowen upped their target price on Victoria’s Secret & Co. from $50.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, June 4th. Finally, Morgan Stanley restated an “overweight” rating and issued a $99.00 price target on shares of Victoria’s Secret & Co. in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $86.50.

Check Out Our Latest Stock Report on VSXY

Victoria’s Secret & Co. Stock Performance

Shares of VSXY opened at $87.80 on Tuesday. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 47.20, a PEG ratio of 0.64 and a beta of 2.07. The company has a quick ratio of 0.41, a current ratio of 1.26 and a debt-to-equity ratio of 1.17. The business’s 50 day moving average is $70.43 and its two-hundred day moving average is $59.96. Victoria’s Secret & Co. has a 52-week low of $18.04 and a 52-week high of $88.57.

Victoria’s Secret & Co. (NYSE:VSXYGet Free Report) last posted its earnings results on Tuesday, June 2nd. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.29 by $0.31. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Victoria’s Secret & Co. had a net margin of 3.11% and a return on equity of 38.03%. During the same quarter in the prior year, the firm earned $0.09 EPS. Analysts forecast that Victoria’s Secret & Co. will post 4.65 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder International Pte Ltd Bbrc sold 276,171 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $88.50, for a total value of $24,441,133.50. Following the sale, the insider directly owned 8,899,030 shares in the company, valued at $787,564,155. This trade represents a 3.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 1,411,601 shares of company stock valued at $115,398,210. 0.52% of the stock is owned by company insiders.

Victoria’s Secret & Co. Profile

(Free Report)

Victoria’s Secret & Co is a leading designer, manufacturer and marketer of intimate apparel, beauty products and accessories for women. The company operates a portfolio of brands that includes Victoria’s Secret, renowned for its lingerie, bras and sleepwear; PINK, a line targeting younger consumers with activewear and lifestyle products; and Victoria’s Secret Beauty, offering fragrances, cosmetics and personal care items. Products are sold through retail stores as well as direct-to-consumer channels, including e-commerce platforms and mobile applications.

The origins of Victoria’s Secret date back to 1977, when founders Roy and Gaye Raymond opened the first store in San Francisco.

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Institutional Ownership by Quarter for Victoria's Secret & Co. (NYSE:VSXY)

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