Entropy Technologies LP Has $891,000 Stock Position in Victoria’s Secret & Co. $VSXY

Entropy Technologies LP trimmed its position in shares of Victoria’s Secret & Co. (NYSE:VSXY) by 31.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,216 shares of the company’s stock after selling 8,921 shares during the quarter. Entropy Technologies LP’s holdings in Victoria’s Secret & Co. were worth $891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its stake in shares of Victoria’s Secret & Co. by 0.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,343,203 shares of the company’s stock valued at $62,271,000 after purchasing an additional 12,238 shares during the last quarter. Inceptionr LLC bought a new stake in Victoria’s Secret & Co. in the first quarter worth $242,000. Lido Advisors LLC acquired a new position in Victoria’s Secret & Co. during the first quarter worth $301,000. State of Wyoming increased its position in Victoria’s Secret & Co. by 51.4% during the first quarter. State of Wyoming now owns 11,733 shares of the company’s stock worth $544,000 after buying an additional 3,985 shares during the last quarter. Finally, Quantedge Capital Pte Ltd bought a new position in Victoria’s Secret & Co. during the first quarter valued at about $366,000. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

NYSE VSXY opened at $89.04 on Wednesday. The stock has a 50-day simple moving average of $75.26 and a 200 day simple moving average of $61.23. Victoria’s Secret & Co. has a twelve month low of $18.04 and a twelve month high of $90.68. The stock has a market capitalization of $7.07 billion, a PE ratio of 47.87, a P/E/G ratio of 0.67 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.

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, beating analysts’ consensus estimates of $0.29 by $0.31. The firm 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 firm posted $0.09 EPS. Research analysts anticipate that Victoria’s Secret & Co. will post 4.65 EPS for the current year.

Insider Buying and Selling at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc sold 289,479 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $88.89, for a total value of $25,731,788.31. Following the sale, 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 1,701,080 shares of company stock valued at $141,129,998 over the last three months. 0.52% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Telsey Advisory Group boosted their price target on Victoria’s Secret & Co. from $71.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Bank of America raised Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and increased their price objective for the company from $58.00 to $68.00 in a report on Wednesday, April 29th. Jefferies Financial Group downgraded Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and raised their price objective for the company from $65.00 to $73.00 in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. boosted their target price on Victoria’s Secret & Co. from $88.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, TD Cowen upped their target price on Victoria’s Secret & Co. from $50.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock 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.