State of Wyoming reduced its position in shares of Victoria’s Secret & Co. (NYSE:VSXY – Free Report) by 70.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,868 shares of the company’s stock after selling 13,841 shares during the period. State of Wyoming’s holdings in Victoria’s Secret & Co. were worth $519,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the company. Fortitude Family Office LLC raised its position in shares of Victoria’s Secret & Co. by 126.7% in the third quarter. Fortitude Family Office LLC now owns 306 shares of the company’s stock worth $27,000 after buying an additional 171 shares in the last quarter. Signaturefd LLC grew its position in Victoria’s Secret & Co. by 83.4% during the third quarter. Signaturefd LLC now owns 552 shares of the company’s stock worth $49,000 after buying an additional 251 shares in the last quarter. Hanseatic Management Services Inc. grew its position in Victoria’s Secret & Co. by 2.1% during the third quarter. Hanseatic Management Services Inc. now owns 14,330 shares of the company’s stock worth $1,268,000 after buying an additional 292 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in Victoria’s Secret & Co. in the 3rd quarter worth about $31,000. Finally, Rockefeller Capital Management L.P. increased its stake in Victoria’s Secret & Co. by 48.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,122 shares of the company’s stock worth $61,000 after acquiring an additional 364 shares during the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on VSXY. Weiss Ratings upgraded Victoria’s Secret & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. BMO Capital Markets initiated coverage on shares of Victoria’s Secret & Co. in a research report on Tuesday, September 8th. They issued a “market perform” rating and a $80.00 price objective on the stock. TD Cowen raised their target price on shares of Victoria’s Secret & Co. from $75.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, August 18th. Wall Street Zen raised shares of Victoria’s Secret & Co. from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Victoria’s Secret & Co. from $88.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Victoria’s Secret & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $92.00.
View Our Latest Analysis on Victoria’s Secret & Co.
Victoria’s Secret & Co. Trading Up 1.8%
NYSE VSXY opened at $98.40 on Tuesday. The stock’s 50-day simple moving average is $85.74 and its two-hundred day simple moving average is $69.88. Victoria’s Secret & Co. has a twelve month low of $33.61 and a twelve month high of $102.46. The company has a quick ratio of 0.57, a current ratio of 1.36 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 0.64 and a beta of 2.01.
Victoria’s Secret & Co. (NYSE:VSXY – Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.18. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Victoria’s Secret & Co. had a return on equity of 40.43% and a net margin of 5.46%. Victoria’s Secret & Co.’s revenue was up 10.4% compared to the same quarter last year. Research analysts forecast that Victoria’s Secret & Co. will post 4.75 EPS for the current fiscal year.
Insiders Place Their Bets
In other Victoria’s Secret & Co. news, insider Melinda McAfee sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $95.00, for a total value of $237,500.00. Following the completion of the sale, the insider owned 163,817 shares of the company’s stock, valued at $15,562,615. This represents a 1.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.52% of the stock is owned by insiders.
Victoria’s Secret & Co. Profile
Victoria’s Secret & Co is a specialty retailer focused on intimate apparel, lingerie, beauty products and related lifestyle merchandise. Its portfolio includes the Victoria’s Secret brand, which offers bras, panties, lingerie, sleepwear, apparel, accessories, fragrances and personal-care products, and PINK, which targets younger customers with lingerie, loungewear, apparel, beauty products and accessories.
The company also operates Adore Me, a digitally focused intimates brand known for a broad range of sizes and subscription-based shopping options.
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