Victoria’s Secret & Co. $VSXY Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its holdings in shares of Victoria’s Secret & Co. (NYSE:VSXY) by 50.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,064 shares of the company’s stock after selling 66,565 shares during the quarter. First Trust Advisors LP owned about 0.08% of Victoria’s Secret & Co. worth $3,016,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in Victoria’s Secret & Co. by 666.7% in 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 during the period. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Victoria’s Secret & Co. during the 4th quarter valued at about $33,000. Hantz Financial Services Inc. lifted its holdings in shares of Victoria’s Secret & Co. by 104.3% during the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the company’s stock worth $44,000 after acquiring an additional 414 shares during the period. DV Equities LLC purchased a new position in shares of Victoria’s Secret & Co. during the 4th quarter worth about $49,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Victoria’s Secret & Co. in the third quarter worth approximately $53,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VSXY. Weiss Ratings upgraded shares of Victoria’s Secret & Co. from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 24th. Bank of America upgraded shares of Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and lifted their price target for the company from $58.00 to $68.00 in a report on Wednesday, April 29th. Wells Fargo & Company boosted their price objective on shares of Victoria’s Secret & Co. from $57.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. UBS Group downgraded Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $81.00 to $90.00 in a report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. upped their price objective on Victoria’s Secret & Co. from $88.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. One investment 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $88.70.

Victoria’s Secret & Co. Trading Up 4.2%

NYSE VSXY opened at $93.60 on Friday. The firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of 50.32, a PEG ratio of 0.70 and a beta of 2.06. 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. has a one year low of $20.48 and a one year high of $94.34. The company’s 50 day moving average price is $80.31 and its 200 day moving average price is $62.58.

Victoria’s Secret & Co. (NYSE:VSXY) last released its quarterly earnings data 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 net margin of 3.11% and a return on equity of 38.03%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the firm earned $0.09 earnings per share. On average, sell-side analysts predict that Victoria’s Secret & Co. will post 4.67 EPS for the current year.

Insider Buying and Selling

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 9,202,959 shares in the company, valued at $737,249,045.49. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 2,500,000 shares of company stock valued at $212,353,716 over the last 90 days. Company insiders own 0.52% 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.