International Pte Ltd Bbrc Sells 27,758 Shares of Victoria’s Secret & Co. (NYSE:VSXY) Stock

Victoria’s Secret & Co. (NYSE:VSXY) major shareholder International Pte Ltd Bbrc sold 27,758 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $80.03, for a total value of $2,221,472.74. Following the completion of the transaction, the insider directly owned 9,175,201 shares in the company, valued at $734,291,336.03. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

International Pte Ltd Bbrc also recently made the following trade(s):

• On Tuesday, June 2nd, International Pte Ltd Bbrc sold 1,107,672 shares of Victoria’s Secret & Co. stock. The stock was sold at an average price of $80.11, for a total value of $88,735,603.92.

Victoria’s Secret & Co. Stock Performance

NYSE:VSXY opened at $74.41 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 1.07. Victoria’s Secret & Co. has a 12-month low of $17.53 and a 12-month high of $81.28. The stock has a 50-day moving average price of $51.60 and a 200 day moving average price of $52.75. The stock has a market capitalization of $5.91 billion, a P/E ratio of 40.01, a P/E/G ratio of 0.66 and a beta of 2.16.

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, topping the consensus estimate of $0.29 by $0.31. Victoria’s Secret & Co. had a return on equity of 38.95% and a net margin of 3.11%.The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter last year, the business posted $0.09 earnings per share. Equities research analysts forecast that Victoria’s Secret & Co. will post 4.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VSXY has been the subject of several research analyst reports. Telsey Advisory Group increased their target price on Victoria’s Secret & Co. from $71.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wall Street Zen cut Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 5th. Wells Fargo & Company increased their target price on Victoria’s Secret & Co. from $57.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday. TD Cowen increased 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. Finally, UBS Group cut Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and increased their target price for the stock from $81.00 to $90.00 in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Victoria’s Secret & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.80.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in Victoria’s Secret & Co. by 666.7% during the 1st quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock valued at $29,000 after buying an additional 540 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Victoria’s Secret & Co. during the 3rd quarter valued at approximately $30,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Victoria’s Secret & Co. during the 4th quarter valued at approximately $33,000. Hantz Financial Services Inc. grew its holdings in Victoria’s Secret & Co. by 104.3% during the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the company’s stock valued at $44,000 after buying an additional 414 shares in the last quarter. Finally, State of Wyoming purchased a new position in Victoria’s Secret & Co. during the 3rd quarter valued at approximately $48,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

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.