Victoria’s Secret & Co. $VSXY Stock: Fulcrum Asset Management LLP Boosts Holdings

Fulcrum Asset Management LLP increased its position in Victoria’s Secret & Co. (NYSE:VSXY) by 57,172.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 108,818 shares of the company’s stock after purchasing an additional 108,628 shares during the period. Fulcrum Asset Management LLP’s holdings in Victoria’s Secret & Co. were worth $9,710,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Squarepoint Ops LLC acquired a new stake in Victoria’s Secret & Co. during the second quarter valued at approximately $39,803,000. Tidal Investments LLC acquired a new position in shares of Victoria’s Secret & Co. in the 2nd quarter worth approximately $2,308,000. California State Teachers Retirement System grew its position in shares of Victoria’s Secret & Co. by 23.5% in the 1st quarter. California State Teachers Retirement System now owns 84,333 shares of the company’s stock worth $3,910,000 after acquiring an additional 16,044 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Victoria’s Secret & Co. by 212.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 18,754 shares of the company’s stock worth $869,000 after acquiring an additional 12,750 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new position in shares of Victoria’s Secret & Co. in the 2nd quarter worth approximately $30,622,000. 90.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VSXY. Wells Fargo & Company boosted their price target on Victoria’s Secret & Co. from $100.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, November 3rd. Barclays raised their price objective on Victoria’s Secret & Co. from $106.00 to $112.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 20th. Telsey Advisory Group lifted their price objective on shares of Victoria’s Secret & Co. from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. BMO Capital Markets started coverage on shares of Victoria’s Secret & Co. in a report on Tuesday, September 8th. They issued a “market perform” rating and a $80.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Victoria’s Secret & Co. from $88.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Victoria’s Secret & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $93.67.

Victoria’s Secret & Co. Stock Performance

Shares of NYSE VSXY opened at $107.93 on Monday. The company has a quick ratio of 0.57, a current ratio of 1.36 and a debt-to-equity ratio of 0.92. The firm’s 50-day moving average price is $87.12 and its two-hundred day moving average price is $70.77. Victoria’s Secret & Co. has a 52-week low of $33.61 and a 52-week high of $110.27. The stock has a market capitalization of $8.61 billion, a P/E ratio of 31.28, a P/E/G ratio of 0.72 and a beta of 2.11.

Victoria’s Secret & Co. (NYSE:VSXY) last issued its earnings results on Thursday, September 3rd. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.18. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. Victoria’s Secret & Co. had a return on equity of 40.43% and a net margin of 5.46%. The firm’s revenue was up 10.4% on a year-over-year basis. As a group, sell-side analysts forecast that Victoria’s Secret & Co. will post 4.75 earnings per share for the current year.

Insider Buying and Selling at Victoria’s Secret & Co.

In related news, insider Melinda McAfee sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $98.90, for a total value of $692,300.00. Following the sale, the insider owned 156,817 shares of the company’s stock, valued at approximately $15,509,201.30. This trade represents a 4.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 14,000 shares of company stock worth $1,339,750. 0.52% of the stock is currently owned by corporate insiders.

Victoria’s Secret & Co. Profile

Victoria’s Secret & Co is a specialty retailer focused on intimate apparel, beauty products and related merchandise. Its offerings include bras, lingerie, panties, sleepwear, apparel, fragrances and body care products.

The company operates under the Victoria’s Secret and PINK brands and also owns Adore Me, an intimate-apparel brand with a digital-first business. It serves customers through stores and e-commerce, primarily in North America, as well as through international operations and partners.

Victoria’s Secret traces its origins to a lingerie retailer founded in 1977.