Victoria’s Secret & Co. (NYSE:VSXY) Major Shareholder International Pte Ltd Bbrc Sells 289,479 Shares

Victoria’s Secret & Co. (NYSE:VSXY) major shareholder International Pte Ltd Bbrc sold 289,479 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $88.89, for a total transaction of $25,731,788.31. Following the transaction, the insider owned 8,609,551 shares in the company, valued at approximately $765,302,988.39. This trade represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

International Pte Ltd Bbrc also recently made the following trade(s):

• On Friday, June 26th, International Pte Ltd Bbrc sold 276,171 shares of Victoria’s Secret & Co. stock. The stock was sold at an average price of $88.50, for a total transaction of $24,441,133.50.
• On Thursday, June 4th, International Pte Ltd Bbrc sold 27,758 shares of Victoria’s Secret & Co. stock. The shares were sold at an average price of $80.03, for a total transaction of $2,221,472.74.
• On Tuesday, June 2nd, International Pte Ltd Bbrc sold 1,107,672 shares of Victoria’s Secret & Co. stock. The shares were sold at an average price of $80.11, for a total value of $88,735,603.92.

Victoria’s Secret & Co. Stock Performance

NYSE VSXY opened at $89.04 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. The business’s 50 day moving average is $75.26 and its two-hundred day moving average is $61.23. Victoria’s Secret & Co. has a 12-month low of $18.04 and a 12-month high of $90.68. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 47.87, a PEG ratio of 0.67 and a beta of 2.07.

Victoria’s Secret & Co. (NYSE:VSXY) last issued its earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.31. Victoria’s Secret & Co. had a return on equity of 38.03% and a net margin of 3.11%.The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the business posted $0.09 EPS. Research analysts expect that Victoria’s Secret & Co. will post 4.65 EPS for the current year.

Institutional Trading of Victoria’s Secret & Co.

A number of institutional investors have recently bought and sold shares of VSXY. Parallel Advisors LLC increased its position in shares of Victoria’s Secret & Co. by 666.7% in the first quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock valued at $29,000 after buying an additional 540 shares in the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Victoria’s Secret & Co. in the 4th quarter valued at about $33,000. Hantz Financial Services Inc. increased its holdings 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 acquiring an additional 414 shares in the last quarter. DV Equities LLC acquired a new position in Victoria’s Secret & Co. during the fourth quarter worth about $49,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at about $53,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on VSXY shares. Barclays raised their target price on Victoria’s Secret & Co. from $67.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. JPMorgan Chase & Co. increased their price target on shares of Victoria’s Secret & Co. from $88.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday. TD Cowen increased their price target on shares of Victoria’s Secret & Co. from $50.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, June 4th. Bank of America upgraded shares of Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and raised their price objective for the company from $58.00 to $68.00 in a research note on Wednesday, April 29th. Finally, Jefferies Financial Group downgraded shares of Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $65.00 to $73.00 in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.70.

About Victoria’s Secret & Co.

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.