Night Squared LP Makes New Investment in Victoria’s Secret & Co. $VSXY

Night Squared LP bought a new position in Victoria’s Secret & Co. (NYSE:VSXY) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 99,236 shares of the company’s stock, valued at approximately $5,376,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of Victoria’s Secret & Co. in the 4th quarter worth about $33,000. Hantz Financial Services Inc. grew its position in shares of Victoria’s Secret & Co. by 104.3% in the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the company’s stock worth $44,000 after buying an additional 414 shares during the period. Leonteq Securities AG purchased a new stake in shares of Victoria’s Secret & Co. in the 4th quarter worth about $54,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter worth about $30,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Victoria’s Secret & Co. in the 4th quarter worth about $70,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Stock Performance

Shares of VSXY stock opened at $78.75 on Wednesday. Victoria’s Secret & Co. has a one year low of $17.53 and a one year high of $82.96. The company’s 50-day moving average is $56.12 and its 200 day moving average is $54.89. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 42.34, a price-to-earnings-growth ratio of 0.63 and a beta of 2.16. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 1.26.

Victoria’s Secret & Co. (NYSE:VSXY) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.29 by $0.31. Victoria’s Secret & Co. had a net margin of 3.11% and a return on equity of 38.03%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the firm posted $0.09 EPS. Sell-side analysts expect that Victoria’s Secret & Co. will post 4.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VSXY. UBS Group downgraded shares of Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and upped their target price for the stock from $81.00 to $90.00 in a research report on Wednesday, June 3rd. Weiss Ratings downgraded shares of Victoria’s Secret & Co. from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Bank of America raised shares of Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and upped their target price for the stock from $58.00 to $68.00 in a research report on Wednesday, April 29th. Barclays upped their target price on shares of Victoria’s Secret & Co. from $67.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Finally, Telsey Advisory Group upped their target price on shares of Victoria’s Secret & Co. from $71.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. One 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.60.

Insider Activity at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc sold 27,758 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $80.03, for a total transaction of $2,221,472.74. Following the sale, the insider directly owned 9,175,201 shares of the company’s stock, valued at approximately $734,291,336.03. This represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anne Sheehan acquired 4,842 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The shares were purchased at an average cost of $45.86 per share, for a total transaction of $222,054.12. Following the completion of the transaction, the director directly owned 34,261 shares in the company, valued at $1,571,209.46. The trade was a 16.46% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.52% of the stock is currently owned by insiders.

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.