Edgestream Partners L.P. Has $1.52 Million Stock Holdings in Victoria’s Secret & Co. $VSXY

Edgestream Partners L.P. boosted its position in Victoria’s Secret & Co. (NYSE:VSXY) by 113.9% during the first quarter, HoldingsChannel.com reports. The fund owned 32,718 shares of the company’s stock after buying an additional 17,425 shares during the quarter. Edgestream Partners L.P.’s holdings in Victoria’s Secret & Co. were worth $1,517,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VSXY. Janus Henderson Group PLC lifted its stake in Victoria’s Secret & Co. by 3.5% during the first quarter. Janus Henderson Group PLC now owns 57,928 shares of the company’s stock worth $2,685,000 after purchasing an additional 1,974 shares during the last quarter. Amundi increased its stake in shares of Victoria’s Secret & Co. by 28.8% in the 1st quarter. Amundi now owns 20,308 shares of the company’s stock valued at $941,000 after purchasing an additional 4,537 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Victoria’s Secret & Co. by 23.5% in the 1st quarter. California State Teachers Retirement System now owns 84,333 shares of the company’s stock valued at $3,910,000 after purchasing an additional 16,044 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of Victoria’s Secret & Co. by 9.2% during the 1st quarter. Quantinno Capital Management LP now owns 32,095 shares of the company’s stock worth $1,488,000 after buying an additional 2,704 shares in the last quarter. Finally, Whitebox Advisors LLC raised its holdings in shares of Victoria’s Secret & Co. by 7.4% during the 1st quarter. Whitebox Advisors LLC now owns 10,890 shares of the company’s stock worth $505,000 after buying an additional 750 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $80.11, for a total value of $88,735,603.92. Following the completion of the transaction, the insider directly owned 9,202,959 shares in the company, valued at approximately $737,249,045.49. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 2,500,000 shares of company stock valued at $212,353,716 in the last ninety days. 0.52% of the stock is currently owned by company insiders.

Victoria’s Secret & Co. Stock Up 0.7%

Shares of NYSE:VSXY opened at $89.29 on Tuesday. Victoria’s Secret & Co. has a 52-week low of $18.93 and a 52-week high of $91.97. The company has a market capitalization of $7.09 billion, a PE ratio of 48.01, a price-to-earnings-growth ratio of 0.69 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 company has a fifty day moving average of $78.31 and a 200-day moving average of $61.94.

Victoria’s Secret & Co. (NYSE:VSXY) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.31. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate 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 business posted $0.09 EPS. On average, equities analysts predict that Victoria’s Secret & Co. will post 4.67 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on VSXY. Telsey Advisory Group raised their price objective on Victoria’s Secret & Co. from $71.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. The Goldman Sachs Group boosted their target price on Victoria’s Secret & Co. from $56.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Barclays increased their target price on shares of Victoria’s Secret & Co. from $67.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. JPMorgan Chase & Co. raised their price target on shares of Victoria’s Secret & Co. from $88.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Finally, 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 report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Victoria’s Secret & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $88.70.

Victoria’s Secret & Co. Company 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.