6,487 Shares in Victoria’s Secret & Co. $VSXY Acquired by Lido Advisors LLC

Lido Advisors LLC acquired a new stake in shares of Victoria’s Secret & Co. (NYSE:VSXY) in the first quarter, Holdings Channel reports. The fund acquired 6,487 shares of the company’s stock, valued at approximately $301,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in shares of Victoria’s Secret & Co. by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 1,760,139 shares of the company’s stock valued at $95,365,000 after acquiring an additional 47,462 shares during the period. Landscape Capital Management L.L.C. increased its holdings in shares of Victoria’s Secret & Co. by 47.5% in the 4th quarter. Landscape Capital Management L.L.C. now owns 177,423 shares of the company’s stock worth $9,611,000 after acquiring an additional 57,133 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Victoria’s Secret & Co. in the 4th quarter worth about $7,790,000. Sequoia Financial Advisors LLC lifted its position in Victoria’s Secret & Co. by 212.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 18,754 shares of the company’s stock valued at $869,000 after purchasing an additional 12,750 shares during the last quarter. Finally, Apollon Wealth Management LLC bought a new stake in Victoria’s Secret & Co. in the 1st quarter valued at about $940,000. 90.29% of the stock is currently owned by institutional investors.

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

In other news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $89.15, for a total value of $71,223,718.00. Following the completion of the sale, the insider directly owned 7,810,631 shares of the company’s stock, valued at approximately $696,317,753.65. This represents a 9.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 2,500,000 shares of company stock valued at $212,353,716. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on VSXY shares. Telsey Advisory Group boosted their target price on shares of 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 raised their price target 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. Barclays lifted their price target on Victoria’s Secret & Co. from $67.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Wall Street Zen downgraded Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 5th. Finally, Jefferies Financial Group lowered Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and increased their price objective for the stock from $65.00 to $73.00 in a report on Wednesday, June 3rd. One 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. According to MarketBeat, Victoria’s Secret & Co. has an average rating of “Moderate Buy” and an average price target of $88.70.

Victoria’s Secret & Co. Price Performance

Shares of NYSE VSXY opened at $89.09 on Friday. The stock has a market cap of $7.08 billion, a P/E ratio of 47.90, a P/E/G ratio of 0.69 and a beta of 2.07. The firm’s 50-day simple moving average is $77.58 and its 200 day simple moving average is $61.76. Victoria’s Secret & Co. has a fifty-two week low of $18.04 and a fifty-two week high of $91.97. 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 announced 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 during the quarter, compared to analyst estimates of $1.52 billion. Victoria’s Secret & Co. had a net margin of 3.11% and a return on equity of 38.03%. During the same quarter in the prior year, the firm posted $0.09 EPS. Equities analysts expect that Victoria’s Secret & Co. will post 4.67 EPS for the current year.

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.