Quantedge Capital Pte Ltd Purchases Shares of 7,900 Victoria’s Secret & Co. $VSXY

Quantedge Capital Pte Ltd purchased a new stake in shares of Victoria’s Secret & Co. (NYSE:VSXY) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,900 shares of the company’s stock, valued at approximately $366,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VSXY. Bbfit Investments PTE Ltd. bought a new position in Victoria’s Secret & Co. in the 4th quarter worth approximately $558,521,000. Vanguard Group Inc. increased its position in Victoria’s Secret & Co. by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 8,748,614 shares of the company’s stock valued at $473,912,000 after acquiring an additional 263,079 shares during the period. Dimensional Fund Advisors LP raised its stake in Victoria’s Secret & Co. by 10.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,549,501 shares of the company’s stock valued at $69,187,000 after acquiring an additional 238,516 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Victoria’s Secret & Co. by 11.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,011,366 shares of the company’s stock valued at $108,956,000 after acquiring an additional 199,170 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Victoria’s Secret & Co. by 301.4% during the fourth quarter. Marshall Wace LLP now owns 1,792,727 shares of the company’s stock valued at $97,112,000 after purchasing an additional 1,346,104 shares during the period. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VSXY. The Goldman Sachs Group lifted their price objective on shares of Victoria’s Secret & Co. from $56.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Wells Fargo & Company increased 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 research report on Wednesday, June 3rd. Morgan Stanley reissued an “overweight” rating and set a $99.00 target price on shares of Victoria’s Secret & Co. in a research note on Monday, July 6th. Weiss Ratings upgraded shares of Victoria’s Secret & Co. from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 24th. Finally, Telsey Advisory Group upped their price target on shares of Victoria’s Secret & Co. from $71.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.50.

Insider Activity

In other news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of Victoria’s Secret & Co. stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $80.11, for a total value of $88,735,603.92. Following the transaction, the insider owned 9,202,959 shares of the company’s stock, valued at $737,249,045.49. The trade was a 10.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 1,411,601 shares of company stock valued at $115,398,210. Insiders own 0.52% of the company’s stock.

Victoria’s Secret & Co. Trading Down 0.4%

Shares of VSXY stock opened at $87.10 on Wednesday. The stock has a 50-day simple moving average of $71.24 and a 200 day simple moving average of $60.19. Victoria’s Secret & Co. has a fifty-two week low of $18.04 and a fifty-two week high of $89.71. The stock has a market capitalization of $6.92 billion, a P/E ratio of 46.83, a P/E/G ratio of 0.68 and a beta of 2.07. The company has a quick ratio of 0.41, a current ratio of 1.26 and a debt-to-equity ratio of 1.17.

Victoria’s Secret & Co. (NYSE:VSXY) last released 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 firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the company earned $0.09 earnings per share. On average, sell-side analysts expect that Victoria’s Secret & Co. will post 4.65 earnings per share for the current fiscal year.

Victoria’s Secret & Co. Profile

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.