Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Takes Position in Victoria’s Secret & Co. $VSXY

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new stake in Victoria’s Secret & Co. (NYSE:VSXY) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,700 shares of the company’s stock, valued at approximately $580,000.

Several other institutional investors and hedge funds have also made changes to their positions in VSXY. Aster Capital Management DIFC Ltd bought a new position in shares of Victoria’s Secret & Co. in the third quarter valued at approximately $30,000. Hantz Financial Services Inc. boosted its holdings in shares of Victoria’s Secret & Co. by 104.3% in the fourth quarter. Hantz Financial Services Inc. now owns 811 shares of the company’s stock valued at $44,000 after acquiring an additional 414 shares in the last quarter. State of Wyoming bought a new position in shares of Victoria’s Secret & Co. in the third quarter valued at approximately $48,000. Quantbot Technologies LP bought a new position in shares of Victoria’s Secret & Co. in the third quarter valued at approximately $53,000. Finally, Leonteq Securities AG bought a new position in shares of Victoria’s Secret & Co. in the fourth quarter valued at approximately $54,000. 90.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Donna James acquired 2,175 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was purchased at an average price of $46.23 per share, with a total value of $100,550.25. Following the purchase, the director owned 63,097 shares of the company’s stock, valued at approximately $2,916,974.31. This trade represents a 3.57% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $80.11, for a total transaction of $88,735,603.92. Following the completion of the transaction, the insider directly owned 9,202,959 shares of the company’s stock, valued at $737,249,045.49. This represents a 10.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.52% of the company’s stock.

Victoria’s Secret & Co. Trading Up 1.8%

Shares of NYSE:VSXY opened at $74.41 on Friday. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 40.01, a PEG ratio of 0.67 and a beta of 2.16. Victoria’s Secret & Co. has a 1-year low of $17.53 and a 1-year high of $81.28. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.54 and a current ratio of 1.25. The company has a 50 day moving average price of $51.60 and a 200 day moving average price of $52.75.

Victoria’s Secret & Co. (NYSE:VSXY) last issued its earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.31. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Victoria’s Secret & Co. had a net margin of 3.11% and a return on equity of 38.95%. During the same period last year, the firm posted $0.09 earnings per share. On average, research analysts anticipate that Victoria’s Secret & Co. will post 4.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Victoria’s Secret & Co. from $67.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday. The Goldman Sachs Group increased their price objective on shares of Victoria’s Secret & Co. from $56.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday. UBS Group cut shares of Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and increased their price objective for the company from $81.00 to $90.00 in a report on Wednesday. Bank of America upgraded shares of Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and raised their target price for the stock from $58.00 to $68.00 in a report on Wednesday, April 29th. Finally, Zacks Research upgraded shares of Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.80.

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.