Entropy Technologies LP Makes New Investment in Victoria’s Secret & Co. $VSXY

Entropy Technologies LP bought a new stake in Victoria’s Secret & Co. (NYSE:VSXY) during the fourth quarter, HoldingsChannel.com reports. The firm bought 28,137 shares of the company’s stock, valued at approximately $1,524,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in shares of Victoria’s Secret & Co. by 11.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,935 shares of the company’s stock worth $106,000 after buying an additional 199 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Victoria’s Secret & Co. by 1.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 18,308 shares of the company’s stock worth $992,000 after acquiring an additional 286 shares in the last quarter. Optimize Financial Inc raised its stake in Victoria’s Secret & Co. by 1.5% during the fourth quarter. Optimize Financial Inc now owns 23,074 shares of the company’s stock worth $1,250,000 after acquiring an additional 332 shares in the last quarter. Savvy Advisors Inc. lifted its holdings in shares of Victoria’s Secret & Co. by 3.0% in the third quarter. Savvy Advisors Inc. now owns 11,895 shares of the company’s stock worth $323,000 after acquiring an additional 346 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Victoria’s Secret & Co. by 2.7% in the 4th quarter. ProShare Advisors LLC now owns 13,601 shares of the company’s stock valued at $737,000 after purchasing an additional 361 shares in the last quarter. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

NYSE VSXY opened at $79.38 on Tuesday. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 42.68, a PEG ratio of 0.62 and a beta of 2.16. The company has a quick ratio of 0.41, a current ratio of 1.26 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 $82.96. The stock has a fifty day simple moving average of $55.46 and a 200 day simple moving average of $54.62.

Victoria’s Secret & Co. (NYSE:VSXY) last released its quarterly earnings results on Tuesday, June 2nd. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.31. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $0.09 EPS. Sell-side analysts expect that Victoria’s Secret & Co. will post 4.61 EPS for the current year.

Analyst Upgrades and Downgrades

VSXY has been the subject of several research reports. Telsey Advisory Group increased 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, June 3rd. Zacks Research upgraded shares of Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Wells Fargo & Company increased their price target on 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. JPMorgan Chase & Co. raised their price objective on Victoria’s Secret & Co. from $77.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, June 8th. Finally, UBS Group lowered Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $81.00 to $90.00 in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Victoria’s Secret & Co. has a consensus rating of “Moderate Buy” and an average price target of $82.60.

Insider Activity at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc sold 27,758 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $80.03, for a total value of $2,221,472.74. Following the transaction, the insider owned 9,175,201 shares in the company, valued at approximately $734,291,336.03. The trade was a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne Sheehan acquired 4,842 shares of Victoria’s Secret & Co. stock in a transaction dated Thursday, April 2nd. The stock was purchased at an average cost of $45.86 per share, for a total transaction of $222,054.12. Following the completion of the purchase, the director owned 34,261 shares in the company, valued at approximately $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 company insiders.

Victoria’s Secret & Co. 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.