Victoria’s Secret & Co. $VSXY Shares Bought by KBC Group NV

KBC Group NV raised its holdings in Victoria’s Secret & Co. (NYSE:VSXY) by 2,247.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 47,931 shares of the company’s stock after acquiring an additional 45,889 shares during the quarter. KBC Group NV’s holdings in Victoria’s Secret & Co. were worth $2,222,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC increased its position in shares of Victoria’s Secret & Co. by 11.5% during the fourth 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 period. Maryland State Retirement & Pension System increased its holdings in 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 worth $635,000 after purchasing an additional 245 shares during the period. Investors Asset Management of Georgia Inc. GA ADV raised its position in Victoria’s Secret & Co. by 4.5% in the 1st quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,755 shares of the company’s stock valued at $267,000 after purchasing an additional 250 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Victoria’s Secret & Co. by 1.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,308 shares of the company’s stock valued at $992,000 after purchasing an additional 286 shares in the last quarter. Finally, Optimize Financial Inc raised its position in Victoria’s Secret & Co. by 1.5% in the 4th quarter. Optimize Financial Inc now owns 23,074 shares of the company’s stock valued at $1,250,000 after purchasing an additional 332 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Trading Up 0.4%

NYSE:VSXY opened at $83.14 on Friday. Victoria’s Secret & Co. has a 1 year low of $18.04 and a 1 year high of $90.00. The stock has a market cap of $6.60 billion, a P/E ratio of 44.70, a P/E/G ratio of 0.65 and a beta of 2.07. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 1.26. The stock has a 50-day simple moving average of $73.56 and a 200-day simple moving average of $60.79.

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

Wall Street Analysts Forecast Growth

VSXY has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on Victoria’s Secret & Co. from $77.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Wall Street Zen cut shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 5th. Weiss Ratings raised shares of Victoria’s Secret & Co. from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 24th. Telsey Advisory Group lifted 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. Finally, UBS Group cut shares of Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $81.00 to $90.00 in a report on Wednesday, June 3rd. One equities 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 company’s stock. Based on data from MarketBeat, Victoria’s Secret & Co. has an average rating of “Moderate Buy” and a consensus price target of $86.50.

Insider Transactions at Victoria’s Secret & Co.

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the 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 directly owned 9,202,959 shares in the company, valued at $737,249,045.49. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 1,411,601 shares of company stock valued at $115,398,210 over the last three months. Corporate insiders own 0.52% of the company’s stock.

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.