Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) major shareholder International Pte Ltd Bbrc sold 276,171 shares of the business's stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $88.50, for a total transaction of $24,441,133.50. Following the transaction, the insider owned 8,899,030 shares of the company's stock, valued at $787,564,155. This trade represents a 3.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
International Pte Ltd Bbrc also recently made the following trade(s):
- On Thursday, June 4th, International Pte Ltd Bbrc sold 27,758 shares of Victoria's Secret & Co. stock. The shares were sold at an average price of $80.03, for a total value of $2,221,472.74.
- On Tuesday, June 2nd, International Pte Ltd Bbrc sold 1,107,672 shares of Victoria's Secret & Co. stock. The stock was sold at an average price of $80.11, for a total value of $88,735,603.92.
Victoria's Secret & Co. Stock Down 3.1%
Shares of NYSE:VSXY opened at $83.78 on Wednesday. The company has a market capitalization of $6.65 billion, a PE ratio of 45.04, a P/E/G ratio of 0.68 and a beta of 2.16. The company has a current ratio of 1.26, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. Victoria's Secret & Co. has a twelve month low of $17.53 and a twelve month high of $88.57. The firm has a 50 day simple moving average of $62.50 and a 200-day simple moving average of $57.48.
Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) last posted its earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.31. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. Victoria's Secret & Co. had a return on equity of 38.03% and a net margin of 3.11%.During the same period in the previous year, the business earned $0.09 EPS. On average, equities analysts predict that Victoria's Secret & Co. will post 4.61 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on VSXY shares. Barclays lifted their target price 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, June 3rd. Wells Fargo & Company raised 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 report on Wednesday, June 3rd. TD Cowen lifted their price objective on Victoria's Secret & Co. from $50.00 to $75.00 and gave the company a "hold" rating in a report on Thursday, June 4th. Telsey Advisory Group boosted their target price on 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. Finally, Jefferies Financial Group downgraded Victoria's Secret & Co. from a "buy" rating to a "hold" rating and increased their target price for the stock from $65.00 to $73.00 in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $82.60.
Check Out Our Latest Stock Analysis on Victoria's Secret & Co.
Hedge Funds Weigh In On Victoria's Secret & Co.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in Victoria's Secret & Co. by 61.9% during the 1st quarter. Bank of America Corp DE now owns 632,358 shares of the company's stock worth $29,316,000 after purchasing an additional 241,660 shares in the last quarter. Edgestream Partners L.P. boosted its stake in shares of Victoria's Secret & Co. by 113.9% during the 1st quarter. Edgestream Partners L.P. now owns 32,718 shares of the company's stock worth $1,517,000 after purchasing an additional 17,425 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Victoria's Secret & Co. by 3.5% during the first quarter. Janus Henderson Group PLC now owns 57,928 shares of the company's stock worth $2,685,000 after buying an additional 1,974 shares in the last quarter. Amundi grew its holdings in shares of Victoria's Secret & Co. by 28.8% during the first quarter. Amundi now owns 20,308 shares of the company's stock worth $941,000 after buying an additional 4,537 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Victoria's Secret & Co. by 23.5% in the first quarter. California State Teachers Retirement System now owns 84,333 shares of the company's stock valued at $3,910,000 after buying an additional 16,044 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company's stock.
Victoria's Secret & Co. Company Profile
(
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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