VIRGINIA RETIREMENT SYSTEMS ET Al cut its stake in Victoria’s Secret & Co. (NYSE:VSXY – Free Report) by 30.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,350 shares of the company’s stock after selling 10,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Victoria’s Secret & Co. were worth $2,066,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in VSXY. Squarepoint Ops LLC acquired a new position in Victoria’s Secret & Co. during the 2nd quarter worth approximately $39,803,000. Baird Financial Group Inc. purchased a new stake in Victoria’s Secret & Co. in the second quarter valued at approximately $30,622,000. Bank of America Corp DE boosted its stake in Victoria’s Secret & Co. by 61.9% during the 1st quarter. Bank of America Corp DE now owns 632,358 shares of the company’s stock worth $29,316,000 after purchasing an additional 241,660 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Victoria’s Secret & Co. by 39.0% during the first quarter. Principal Financial Group Inc. now owns 530,793 shares of the company’s stock worth $24,608,000 after buying an additional 148,876 shares during the period. Finally, Wellington Management Group LLP purchased a new position in shares of Victoria’s Secret & Co. in the 2nd quarter valued at approximately $5,803,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.
Analysts Set New Price Targets
VSXY has been the topic of a number of analyst reports. Wall Street Zen upgraded Victoria’s Secret & Co. from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th. Needham & Company LLC initiated coverage on Victoria’s Secret & Co. in a research note on Friday, October 16th. They set a “buy” rating and a $106.00 price objective on the stock. BMO Capital Markets assumed coverage on shares of Victoria’s Secret & Co. in a research note on Tuesday, September 8th. They issued a “market perform” rating and a $80.00 target price for the company. Morgan Stanley upped their price objective on shares of Victoria’s Secret & Co. from $101.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, October 19th. Finally, UBS Group decreased their target price on shares of Victoria’s Secret & Co. from $95.00 to $87.00 and set a “neutral” rating on the stock in a research report on Friday, September 4th. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Victoria’s Secret & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $93.67.
View Our Latest Analysis on VSXY
Victoria’s Secret & Co. Price Performance
VSXY stock opened at $100.68 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 1.36. Victoria’s Secret & Co. has a 1 year low of $33.61 and a 1 year high of $102.46. The stock has a 50-day simple moving average of $86.01 and a 200-day simple moving average of $70.07. The firm has a market cap of $8.03 billion, a P/E ratio of 29.18, a price-to-earnings-growth ratio of 0.66 and a beta of 2.11.
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, 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 analyst estimates of $1.62 billion. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, equities analysts predict that Victoria’s Secret & Co. will post 4.75 earnings per share for the current fiscal year.
Insider Transactions at Victoria’s Secret & Co.
In other Victoria’s Secret & Co. news, insider Melinda McAfee sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $98.90, for a total value of $692,300.00. Following the transaction, the insider directly owned 156,817 shares of the company’s stock, valued at $15,509,201.30. This represents a 4.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 14,000 shares of company stock worth $1,339,750. 0.52% of the stock is owned by insiders.
Victoria’s Secret & Co. Company 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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