Cookson Peirce & Co. Inc. purchased a new stake in shares of Victoria’s Secret & Co. (NYSE:VSXY – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 25,648 shares of the company’s stock, valued at approximately $1,389,000.
Other hedge funds have also bought and sold shares of the company. Public Sector Pension Investment Board grew its holdings in Victoria’s Secret & Co. by 14.5% during the third quarter. Public Sector Pension Investment Board now owns 311,502 shares of the company’s stock valued at $8,454,000 after purchasing an additional 39,356 shares during the period. Premier Fund Managers Ltd bought a new stake in Victoria’s Secret & Co. during the third quarter valued at about $540,000. Royce & Associates LP grew its holdings in Victoria’s Secret & Co. by 11.2% during the third quarter. Royce & Associates LP now owns 398,992 shares of the company’s stock valued at $10,829,000 after purchasing an additional 40,155 shares during the period. Tabor Asset Management LP bought a new stake in Victoria’s Secret & Co. during the third quarter valued at about $907,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Victoria’s Secret & Co. during the fourth quarter valued at about $7,790,000. Institutional investors own 90.29% of the company’s stock.
Insider Transactions at Victoria’s Secret & Co.
In other news, Director Donna James bought 2,175 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were bought at an average cost of $46.23 per share, for a total transaction of $100,550.25. Following the completion of the transaction, the director owned 63,097 shares of the company’s stock, valued at approximately $2,916,974.31. This represents a 3.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Anne Sheehan purchased 4,842 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were purchased at an average cost of $45.86 per share, with a total value of $222,054.12. Following the completion of the purchase, the director owned 34,261 shares of the company’s stock, valued at $1,571,209.46. The trade was a 16.46% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.52% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on VSXY
Victoria’s Secret & Co. Stock Performance
NYSE VSXY opened at $74.41 on Monday. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 40.01, a price-to-earnings-growth ratio of 0.67 and a beta of 2.16. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 1.07. The business has a 50-day moving average price of $51.60 and a 200-day moving average price of $52.87. Victoria’s Secret & Co. has a twelve month low of $17.53 and a twelve month high of $81.28.
Victoria’s Secret & Co. (NYSE:VSXY – Get Free Report) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.31. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. Victoria’s Secret & Co. had a return on equity of 38.95% and a net margin of 3.11%.During the same quarter in the prior year, the company posted $0.09 earnings per share. As a group, equities research analysts predict that Victoria’s Secret & Co. will post 4.07 EPS for the current fiscal year.
Victoria’s Secret & Co. Company Profile
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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