Bbfit Investments PTE Ltd. Buys Shares of 10,310,531 Victoria’s Secret & Co. $VSXY

Bbfit Investments PTE Ltd. bought a new stake in Victoria’s Secret & Co. (NYSE:VSXY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,310,531 shares of the company’s stock, valued at approximately $558,521,000. Victoria’s Secret & Co. comprises about 55.7% of Bbfit Investments PTE Ltd.’s holdings, making the stock its biggest position. Bbfit Investments PTE Ltd. owned 0.13% of Victoria’s Secret & Co. at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Victoria’s Secret & Co. by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 8,748,614 shares of the company’s stock valued at $473,912,000 after buying an additional 263,079 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Victoria’s Secret & Co. by 10.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,549,501 shares of the company’s stock valued at $69,187,000 after buying an additional 238,516 shares during the last quarter. Cramer Rosenthal Mcglynn LLC grew its holdings in Victoria’s Secret & Co. by 32.0% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 2,363,850 shares of the company’s stock valued at $64,155,000 after buying an additional 572,844 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Victoria’s Secret & Co. by 11.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,011,366 shares of the company’s stock valued at $108,956,000 after buying an additional 199,170 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in Victoria’s Secret & Co. by 301.4% in the 4th quarter. Marshall Wace LLP now owns 1,792,727 shares of the company’s stock valued at $97,112,000 after buying an additional 1,346,104 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

Shares of NYSE:VSXY opened at $78.57 on Thursday. Victoria’s Secret & Co. has a 1-year low of $17.53 and a 1-year high of $82.99. The firm has a market capitalization of $6.24 billion, a PE ratio of 42.24, a PEG ratio of 0.62 and a beta of 2.16. The business’s 50 day moving average is $56.72 and its 200-day moving average is $55.16. The company has a current ratio of 1.26, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17.

Victoria’s Secret & Co. (NYSE:VSXY) last announced its quarterly earnings data 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. Victoria’s Secret & Co. had a return on equity of 38.03% and a net margin of 3.11%.The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the firm earned $0.09 EPS. Sell-side analysts predict that Victoria’s Secret & Co. will post 4.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Barclays raised their target price 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. Zacks Research raised Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Wall Street Zen lowered Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 5th. Bank of America raised Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $58.00 to $68.00 in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lifted their price objective on Victoria’s Secret & Co. from $77.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.60.

Insider Transactions at Victoria’s Secret & Co.

In other news, Director Anne Sheehan acquired 4,842 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were bought at an average price of $45.86 per share, with a total value of $222,054.12. Following the acquisition, the director owned 34,261 shares of the company’s stock, valued at $1,571,209.46. This trade represents a 16.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder International Pte Ltd Bbrc sold 27,758 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $80.03, for a total value of $2,221,472.74. Following the completion of the sale, the insider directly owned 9,175,201 shares in the company, valued at approximately $734,291,336.03. This represents a 0.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.52% of the stock is owned by insiders.

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.