Victoria’s Secret & Co. (NYSE:VSXY) Major Shareholder International Pte Ltd Bbrc Sells 27,758 Shares

Victoria’s Secret & Co. (NYSE:VSXY) major shareholder International Pte Ltd Bbrc sold 27,758 shares of the stock in a transaction that occurred 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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 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 Victoria’s Secret & Co. stock opened at $73.09 on Friday. The firm 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. Victoria’s Secret & Co. has a 52 week low of $17.53 and a 52 week high of $81.28. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 1.07. The firm’s 50 day moving average is $51.00 and its two-hundred day moving average is $52.60.

Victoria’s Secret & Co. (NYSE:VSXY) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported $0.60 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 analyst estimates 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 prior year, the firm posted $0.09 earnings per share. Research analysts forecast that Victoria’s Secret & Co. will post 3.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VSXY. Wall Street Zen lowered shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 5th. Zacks Research upgraded 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 upgraded shares of Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and increased their price target for the company from $58.00 to $68.00 in a research note on Wednesday, April 29th. UBS Group lowered shares of Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and increased their price target for the company from $81.00 to $90.00 in a research note on Wednesday. Finally, The Goldman Sachs Group increased their price objective on Victoria’s Secret & Co. from $56.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday. One 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $79.80.

Institutional Investors Weigh In On Victoria’s Secret & Co.

Large investors have recently modified their holdings of the company. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Victoria’s Secret & Co. in the fourth quarter valued at approximately $33,000. Parallel Advisors LLC boosted its holdings in shares of 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. Hantz Financial Services Inc. boosted its holdings in shares of 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. DV Equities LLC acquired a new stake in shares of Victoria’s Secret & Co. in the fourth quarter valued at approximately $49,000. Finally, Leonteq Securities AG acquired a new stake in shares of Victoria’s Secret & Co. in the fourth quarter valued at approximately $54,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Victoria’s Secret & Co.

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.

Victoria’s Secret & Co. Company 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.