Triasima Portfolio Management inc. bought a new stake in Victoria’s Secret & Co. (NYSE:VSXY – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,442 shares of the company’s stock, valued at approximately $658,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VSXY. Fortitude Family Office LLC increased its stake in Victoria’s Secret & Co. by 126.7% during the 3rd quarter. Fortitude Family Office LLC now owns 306 shares of the company’s stock worth $27,000 after buying an additional 171 shares during the period. Parallel Advisors LLC lifted its holdings in Victoria’s Secret & Co. by 666.7% during the 1st quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock worth $29,000 after buying an additional 540 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Victoria’s Secret & Co. in the 2nd quarter valued at approximately $49,000. Rockefeller Capital Management L.P. boosted its position 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 valued at $61,000 after buying an additional 364 shares during the period. Finally, GK Wealth Management LLC purchased a new position in Victoria’s Secret & Co. in the 3rd quarter valued at approximately $103,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have commented on VSXY. Wells Fargo & Company boosted their price target on shares of Victoria’s Secret & Co. from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 29th. Barclays reduced their price objective on Victoria’s Secret & Co. from $108.00 to $106.00 and set an “overweight” rating on the stock in a research note on Friday, September 4th. Morgan Stanley lifted their target price on Victoria’s Secret & Co. from $99.00 to $101.00 and gave the company an “overweight” rating in a report on Friday, September 4th. Weiss Ratings upgraded Victoria’s Secret & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, UBS Group lowered their target price on Victoria’s Secret & Co. from $95.00 to $87.00 and set a “neutral” rating for the company in a research note on Friday, September 4th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $89.91.
Read Our Latest Stock Analysis on Victoria’s Secret & Co.
Insiders Place Their Bets
In related news, insider Melinda McAfee sold 4,500 shares of the business’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $91.10, for a total transaction of $409,950.00. Following the completion of the transaction, the insider owned 166,317 shares in the company, valued at approximately $15,151,478.70. The trade was a 2.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $89.15, for a total value of $71,223,718.00. Following the completion of the transaction, the insider directly owned 7,810,631 shares in the company, valued at $696,317,753.65. This trade represents a 9.28% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,092,899 shares of company stock valued at $97,365,456. Insiders own 0.52% of the company’s stock.
Victoria’s Secret & Co. Stock Up 2.4%
Shares of NYSE:VSXY opened at $90.47 on Friday. The firm’s 50 day moving average price is $84.92 and its 200 day moving average price is $72.99. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 0.60 and a beta of 2.01. Victoria’s Secret & Co. has a fifty-two week low of $29.65 and a fifty-two week 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.
Victoria’s Secret & Co. (NYSE:VSXY – Get Free Report) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.18. Victoria’s Secret & Co. had a net margin of 5.46% and a return on equity of 40.43%. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. Victoria’s Secret & Co.’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, equities research analysts predict that Victoria’s Secret & Co. will post 4.69 earnings per share for the current fiscal year.
Victoria’s Secret & Co. Company Profile
Victoria’s Secret & Co is a specialty retailer focused on women’s intimate apparel, lingerie, beauty products, sleepwear, loungewear and related accessories. Its portfolio includes the Victoria’s Secret brand, which offers bras, panties, sleepwear, apparel, fragrances and body-care products, and PINK, a lifestyle brand serving younger consumers with intimates, apparel, beauty products and accessories. The company also owns Adore Me, a digitally focused intimate-apparel brand.
The company sells its products through company-operated stores, digital platforms and selected wholesale and partner channels.
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