MRA Advisory Group Buys New Shares in Victoria’s Secret & Co. $VSXY

MRA Advisory Group purchased a new position in Victoria’s Secret & Co. (NYSE:VSXY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,700 shares of the company’s stock, valued at approximately $770,000.

A number of other institutional investors have also recently modified their holdings of the stock. Parallel Advisors LLC grew its position in Victoria’s Secret & Co. by 666.7% during the 1st quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock valued at $29,000 after purchasing an additional 540 shares during the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of Victoria’s Secret & Co. during the fourth quarter valued at approximately $33,000. Integrated Wealth Concepts LLC bought a new stake in shares of Victoria’s Secret & Co. during the second quarter valued at approximately $49,000. Rockefeller Capital Management L.P. raised its holdings 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 worth $61,000 after acquiring an additional 364 shares during the last quarter. Finally, Havemeyer Place LP bought a new position in Victoria’s Secret & Co. in the 4th quarter valued at approximately $108,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Weiss Ratings raised Victoria’s Secret & Co. from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 8th. Wells Fargo & Company lifted their target price on shares of Victoria’s Secret & Co. from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 29th. Telsey Advisory Group boosted their target price on shares of Victoria’s Secret & Co. from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. UBS Group dropped their price target on Victoria’s Secret & Co. from $95.00 to $87.00 and set a “neutral” rating on the stock in a research note on Friday, September 4th. Finally, Wall Street Zen cut Victoria’s Secret & Co. from a “buy” rating to a “hold” rating in a research report on Monday, September 21st. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Victoria’s Secret & Co. presently has an average rating of “Hold” and an average price target of $89.91.

Insider Activity at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $89.15, for a total transaction of $71,223,718.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Melinda R. Mcafee sold 4,500 shares of the company’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $91.10, for a total transaction of $409,950.00. Following the completion of the transaction, the insider directly owned 166,317 shares of the company’s stock, valued at $15,151,478.70. This represents a 2.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,092,899 shares of company stock worth $97,365,456 in the last ninety days. Insiders own 0.52% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

NYSE VSXY traded up $1.28 on Wednesday, hitting $86.37. 332,963 shares of the company traded hands, compared to its average volume of 2,121,537. The company has a current ratio of 1.36, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92. The business’s 50 day moving average price is $85.26 and its 200-day moving average price is $70.89. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 0.61 and a beta of 2.01. Victoria’s Secret & Co. has a 52-week low of $28.15 and a 52-week high of $102.46.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.18. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Victoria’s Secret & Co. had a return on equity of 40.43% and a net margin of 5.46%.The firm’s revenue was up 10.4% on a year-over-year basis. Equities analysts expect that Victoria’s Secret & Co. will post 4.69 earnings per share for the current 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.