RBF Capital LLC bought a new stake in shares of Victoria’s Secret & Co. (NYSE:VSXY – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 40,000 shares of the company’s stock, valued at approximately $2,167,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new stake in Victoria’s Secret & Co. during the 3rd quarter valued at approximately $30,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Victoria’s Secret & Co. during the 4th quarter valued at approximately $33,000. Hantz Financial Services Inc. increased its position in Victoria’s Secret & Co. by 104.3% during the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the company’s stock valued at $44,000 after purchasing an additional 414 shares during the period. Quantbot Technologies LP acquired a new stake in Victoria’s Secret & Co. during the 3rd quarter valued at approximately $53,000. Finally, Leonteq Securities AG acquired a new stake in Victoria’s Secret & Co. during the 4th quarter valued at approximately $54,000. Institutional investors and hedge funds own 90.29% of the company’s stock.
Victoria’s Secret & Co. Price Performance
Shares of VSXY opened at $78.75 on Wednesday. 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 fifty day moving average is $56.12 and its 200 day moving average is $54.89. Victoria’s Secret & Co. has a 12-month low of $17.53 and a 12-month high of $82.96. The stock has a market cap of $6.26 billion, a P/E ratio of 42.34, a P/E/G ratio of 0.63 and a beta of 2.16.
Insider Buying and Selling at Victoria’s Secret & Co.
In related news, Director Anne Sheehan acquired 4,842 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were acquired at an average cost of $45.86 per share, for a total transaction of $222,054.12. Following the purchase, the director owned 34,261 shares in the company, valued at approximately $1,571,209.46. The trade was a 16.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Donna James acquired 2,175 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were bought at an average price of $46.23 per share, for a total transaction of $100,550.25. Following the completion of the purchase, the director owned 63,097 shares in the company, valued at approximately $2,916,974.31. This represents a 3.57% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.52% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Telsey Advisory Group increased their target price on shares of Victoria’s Secret & Co. from $71.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Zacks Research raised shares of Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Wells Fargo & Company raised their price objective on shares of Victoria’s Secret & Co. from $57.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Weiss Ratings downgraded shares of Victoria’s Secret & Co. from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Finally, Bank of America raised shares of Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $58.00 to $68.00 in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Victoria’s Secret & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $82.60.
Check Out Our Latest Analysis on VSXY
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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