Illinois Municipal Retirement Fund Increases Holdings in Victoria’s Secret & Co. $VSXY

Illinois Municipal Retirement Fund boosted its stake in shares of Victoria’s Secret & Co. (NYSE:VSXY) by 65.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 56,795 shares of the company’s stock after buying an additional 22,393 shares during the period. Illinois Municipal Retirement Fund’s holdings in Victoria’s Secret & Co. were worth $2,633,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in VSXY. Smartleaf Asset Management LLC increased its stake in shares of Victoria’s Secret & Co. by 11.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,935 shares of the company’s stock worth $106,000 after acquiring an additional 199 shares during the last quarter. Maryland State Retirement & Pension System boosted its position in shares of Victoria’s Secret & Co. by 2.1% during the 4th quarter. Maryland State Retirement & Pension System now owns 11,725 shares of the company’s stock valued at $635,000 after acquiring an additional 245 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its position in Victoria’s Secret & Co. by 4.5% during the first quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,755 shares of the company’s stock worth $267,000 after purchasing an additional 250 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in Victoria’s Secret & Co. by 1.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 18,308 shares of the company’s stock worth $992,000 after purchasing an additional 286 shares during the last quarter. Finally, Optimize Financial Inc raised its stake in Victoria’s Secret & Co. by 1.5% during the fourth quarter. Optimize Financial Inc now owns 23,074 shares of the company’s stock worth $1,250,000 after purchasing an additional 332 shares during the period. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $80.11, for a total transaction of $88,735,603.92. Following the completion of the transaction, the insider directly owned 9,202,959 shares in the company, valued at $737,249,045.49. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 1,411,601 shares of company stock worth $115,398,210 in the last ninety days. Company insiders own 0.52% of the company’s stock.

Victoria’s Secret & Co. Price Performance

Victoria’s Secret & Co. stock opened at $81.31 on Monday. The company’s 50 day simple moving average is $69.59 and its 200-day simple moving average is $59.73. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 1.26. Victoria’s Secret & Co. has a 1 year low of $18.04 and a 1 year high of $88.57. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 43.72, a price-to-earnings-growth ratio of 0.64 and a beta of 2.07.

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

Analyst Ratings Changes

Several research firms have weighed in on VSXY. Wells Fargo & Company boosted their target price on shares of Victoria’s Secret & Co. from $57.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Jefferies Financial Group lowered shares of Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and lifted their price target for the company from $65.00 to $73.00 in a research report on Wednesday, June 3rd. Weiss Ratings upgraded Victoria’s Secret & Co. from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 24th. UBS Group lowered Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $81.00 to $90.00 in a research report on Wednesday, June 3rd. Finally, Barclays lifted their target price on Victoria’s Secret & Co. from $67.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $86.50.

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.