Victoria’s Secret & Co. $VSXY is Bridgeway Capital Management LLC’s 9th Largest Position

Bridgeway Capital Management LLC reduced its holdings in shares of Victoria’s Secret & Co. (NYSE:VSXY) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 581,951 shares of the company’s stock after selling 68,142 shares during the quarter. Victoria’s Secret & Co. accounts for about 0.7% of Bridgeway Capital Management LLC’s investment portfolio, making the stock its 9th largest holding. Bridgeway Capital Management LLC’s holdings in Victoria’s Secret & Co. were worth $31,524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in Victoria’s Secret & Co. by 11.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,935 shares of the company’s stock worth $106,000 after purchasing an additional 199 shares during the last quarter. Maryland State Retirement & Pension System lifted its stake in Victoria’s Secret & Co. by 2.1% during the fourth quarter. Maryland State Retirement & Pension System now owns 11,725 shares of the company’s stock worth $635,000 after purchasing an additional 245 shares during the last quarter. Oregon Public Employees Retirement Fund lifted 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 purchasing an additional 286 shares during the last quarter. Optimize Financial Inc lifted 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 purchasing an additional 332 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in Victoria’s Secret & Co. by 2.7% during the fourth quarter. ProShare Advisors LLC now owns 13,601 shares of the company’s stock worth $737,000 after purchasing an additional 361 shares during the last quarter. 90.29% of the stock is currently owned by institutional investors.

Victoria’s Secret & Co. Price Performance

NYSE:VSXY opened at $78.57 on Thursday. The business’s 50-day moving average price is $56.72 and its 200 day moving average price is $55.16. The firm has a market cap of $6.24 billion, a P/E ratio of 42.24, a PEG ratio of 0.62 and a beta of 2.16. Victoria’s Secret & Co. has a 52-week low of $17.53 and a 52-week high of $82.99. 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. (NYSE:VSXY) last released its earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the company earned $0.09 earnings per share. As a group, sell-side analysts predict that Victoria’s Secret & Co. will post 4.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of Victoria’s Secret & Co. 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 directly owned 9,202,959 shares of the company’s stock, valued at $737,249,045.49. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donna James bought 2,175 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were purchased at an average cost of $46.23 per share, for a total transaction of $100,550.25. Following the completion of the acquisition, the director owned 63,097 shares of the company’s stock, valued at $2,916,974.31. This trade represents a 3.57% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.52% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on VSXY shares. Wells Fargo & Company increased their target price on Victoria’s Secret & Co. from $57.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. increased their target price on Victoria’s Secret & Co. from $77.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Wall Street Zen lowered Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 5th. UBS Group lowered Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and increased their target price for the stock from $81.00 to $90.00 in a research report on Wednesday, June 3rd. Finally, Jefferies Financial Group lowered 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 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 given a Hold rating to the company’s stock. According to MarketBeat.com, Victoria’s Secret & Co. has a consensus rating of “Moderate Buy” and an average target price of $82.60.

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.