Squarepoint Ops LLC Makes New Investment in Victoria’s Secret & Co. $VSXY

Squarepoint Ops LLC purchased a new stake in shares of Victoria’s Secret & Co. (NYSE:VSXY) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 476,797 shares of the company’s stock, valued at approximately $39,803,000.

Other hedge funds have also modified their holdings of the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Victoria’s Secret & Co. during the 4th quarter valued at $33,000. Parallel Advisors LLC increased its stake in Victoria’s Secret & Co. by 666.7% in the 1st quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock worth $29,000 after buying an additional 540 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Victoria’s Secret & Co. by 104.3% in the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the company’s stock worth $44,000 after buying an additional 414 shares in the last quarter. DV Equities LLC bought a new stake in Victoria’s Secret & Co. during the fourth quarter valued at about $49,000. Finally, Leonteq Securities AG bought a new stake in Victoria’s Secret & Co. during the fourth quarter valued at about $54,000. 90.29% of the stock is currently owned by institutional investors.

Victoria’s Secret & Co. Stock Up 3.0%

Shares of VSXY stock opened at $77.80 on Wednesday. The stock has a market cap of $6.18 billion, a P/E ratio of 27.49, a PEG ratio of 0.51 and a beta of 2.05. Victoria’s Secret & Co. has a 52 week low of $25.00 and a 52 week high of $102.46. The company has a quick ratio of 0.41, a current ratio of 1.26 and a debt-to-equity ratio of 1.17. The company’s fifty day simple moving average is $85.10 and its two-hundred day simple moving average is $67.03.

Victoria’s Secret & Co. (NYSE:VSXY) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.18. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. Victoria’s Secret & Co. had a return on equity of 43.36% and a net margin of 5.46%.The business’s revenue was up 10.4% on a year-over-year basis. Analysts predict that Victoria’s Secret & Co. will post 4.72 EPS for the current fiscal year.

Insider Activity at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $89.15, for a total transaction of $71,223,718.00. Following the completion of the transaction, the insider directly owned 7,810,631 shares of the company’s stock, valued at approximately $696,317,753.65. This represents a 9.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 1,364,570 shares of company stock valued at $121,396,640 in the last quarter. 0.52% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on VSXY. Telsey Advisory Group boosted their price objective on Victoria’s Secret & Co. from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. UBS Group cut their target price on Victoria’s Secret & Co. from $95.00 to $87.00 and set a “neutral” rating for the company in a research report on Friday, September 4th. Wall Street Zen cut Victoria’s Secret & Co. from a “buy” rating to a “hold” rating in a report on Saturday. The Goldman Sachs Group upped their price target on Victoria’s Secret & Co. from $56.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Finally, Weiss Ratings raised shares of Victoria’s Secret & Co. from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $89.00.

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.