Landscape Capital Management L.L.C. Has $9.61 Million Position in Victoria’s Secret & Co. $VSXY

Landscape Capital Management L.L.C. increased its position in shares of Victoria’s Secret & Co. (NYSE:VSXY) by 47.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 177,423 shares of the company’s stock after purchasing an additional 57,133 shares during the quarter. Victoria’s Secret & Co. comprises approximately 0.6% of Landscape Capital Management L.L.C.’s portfolio, making the stock its 19th biggest holding. Landscape Capital Management L.L.C.’s holdings in Victoria’s Secret & Co. were worth $9,611,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in Victoria’s Secret & Co. by 11.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,935 shares of the company’s stock worth $106,000 after purchasing an additional 199 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Victoria’s Secret & Co. by 1.6% during the 4th 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. Optimize Financial Inc lifted its holdings in Victoria’s Secret & Co. by 1.5% during the 4th 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 last quarter. Savvy Advisors Inc. lifted its holdings in Victoria’s Secret & Co. by 3.0% during the 3rd quarter. Savvy Advisors Inc. now owns 11,895 shares of the company’s stock worth $323,000 after purchasing an additional 346 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in Victoria’s Secret & Co. by 2.7% during the 4th quarter. ProShare Advisors LLC now owns 13,601 shares of the company’s stock worth $737,000 after purchasing an additional 361 shares during the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

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 on 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 transaction, the insider owned 9,202,959 shares in the company, valued at approximately $737,249,045.49. This trade represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Donna James purchased 2,175 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was acquired at an average price of $46.23 per share, for a total transaction of $100,550.25. Following the purchase, the director owned 63,097 shares in the company, valued at approximately $2,916,974.31. The trade was a 3.57% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.52% of the company’s stock.

Victoria’s Secret & Co. Price Performance

Victoria’s Secret & Co. stock opened at $78.49 on Friday. The stock’s fifty day moving average price is $54.79 and its two-hundred day moving average price is $54.21. Victoria’s Secret & Co. has a one year low of $17.53 and a one year high of $81.28. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.26 and a quick ratio of 0.54. The firm has a market cap of $6.23 billion, a PE ratio of 42.20, a price-to-earnings-growth ratio of 0.62 and a beta of 2.16.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $0.60 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 quarter last year, the company earned $0.09 EPS. As a group, research analysts expect that Victoria’s Secret & Co. will post 4.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VSXY. Wall Street Zen cut Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 5th. Barclays raised their price objective on Victoria’s Secret & Co. from $67.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Weiss Ratings lowered Victoria’s Secret & Co. from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. UBS Group lowered Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $81.00 to $90.00 in a research note on Wednesday, June 3rd. Finally, Wells Fargo & Company raised their price objective on Victoria’s Secret & Co. from $57.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.60.

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.