Key Points
- Major shareholder International Pte Ltd Bbrc sold 27,758 shares of Victoria’s Secret & Co. on June 4 at an average price of $80.03, totaling about $2.22 million. After the sale, it still held 9.18 million shares.
- Earlier in the week, the same insider also sold 1.11 million shares for roughly $88.7 million, showing a notable reduction in its position over a short period.
- Victoria’s Secret reported strong quarterly results, with EPS of $0.60 versus expectations of $0.29 and revenue of $1.56 billion topping estimates. The company also saw multiple analysts raise price targets, reflecting improving sentiment around the turnaround.
Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) major shareholder International Pte Ltd Bbrc sold 27,758 shares of the business's stock in a transaction on 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 completion of the transaction, the insider directly owned 9,175,201 shares in the company, valued at $734,291,336.03. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more 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 shares were sold at an average price of $80.11, for a total transaction of $88,735,603.92.
Victoria's Secret & Co. Stock Performance
Shares of VSXY opened at $73.09 on Friday. 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 stock has a market capitalization of $5.81 billion, a P/E ratio of 39.30, a P/E/G ratio of 1.36 and a beta of 2.16. The company's fifty day moving average is $51.00 and its two-hundred day moving average is $52.60. Victoria's Secret & Co. has a 1 year low of $17.53 and a 1 year high of $81.28.
Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.31. The company had revenue of $1.56 billion for 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 in the previous year, the company posted $0.09 EPS. On average, sell-side analysts predict that Victoria's Secret & Co. will post 3.49 earnings per share for the current year.
Institutional Investors Weigh In On Victoria's Secret & Co.
A number of hedge funds and other institutional investors have recently bought and sold shares of VSXY. Parallel Advisors LLC lifted its holdings in Victoria's Secret & Co. by 666.7% in the first quarter. Parallel Advisors LLC now owns 621 shares of the company's stock valued at $29,000 after acquiring an additional 540 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Victoria's Secret & Co. in the third quarter valued at $30,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Victoria's Secret & Co. in the fourth quarter valued at $33,000. Hantz Financial Services Inc. lifted its holdings in 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 during the period. Finally, State of Wyoming acquired a new stake in Victoria's Secret & Co. in the third quarter valued at $48,000. Institutional investors and hedge funds own 90.29% of the company's stock.
More Victoria's Secret & Co. News
Here are the key news stories impacting Victoria's Secret & Co. this week:
- Positive Sentiment: Victoria's Secret posted stronger-than-expected Q1 results, with sales and earnings topping guidance and management raising its full-year outlook. Reuters article
- Positive Sentiment: Wells Fargo and Telsey Advisory Group both raised their price targets to $90 and maintained bullish ratings, reinforcing confidence in the turnaround story. Benzinga article
- Positive Sentiment: All three independent proxy advisors recommended shareholders vote for the company’s nominees, reducing governance-related uncertainty ahead of the annual meeting. GlobeNewswire article
- Neutral Sentiment: Several commentary pieces highlighted that the stock’s sharp rally has pushed valuation higher, and one Seeking Alpha note downgraded the shares to Hold because the risk/reward is less compelling after the surge.
- Neutral Sentiment: Market commentary points to Victoria's Secret’s brand reset, improved pricing power, and revived core identity as the basis for the stock’s recent momentum.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. Zacks Research raised shares of Victoria's Secret & Co. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 10th. Bank of America raised shares of Victoria's Secret & Co. from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $58.00 to $68.00 in a research note on Wednesday, April 29th. Telsey Advisory Group boosted their price objective on shares of Victoria's Secret & Co. from $71.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday. Barclays boosted 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 research note on Wednesday. Finally, The Goldman Sachs Group raised their target price on Victoria's Secret & Co. from $56.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday. One investment 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. has an average rating of "Moderate Buy" and an average price target of $79.80.
View Our Latest Research Report on Victoria's Secret & Co.
About Victoria's Secret & Co.
(
Get Free Report)
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.
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