Victoria’s Secret & Co. $VSXY Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its holdings in shares of Victoria’s Secret & Co. (NYSE:VSXY) by 22.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,786 shares of the company’s stock after selling 35,309 shares during the period. BNP Paribas Financial Markets’ holdings in Victoria’s Secret & Co. were worth $6,597,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VSXY. Balyasny Asset Management L.P. acquired a new position in shares of Victoria’s Secret & Co. during the third quarter worth approximately $20,870,000. Bridgeway Capital Management LLC acquired a new position in shares of Victoria’s Secret & Co. during the third quarter worth approximately $17,644,000. Cramer Rosenthal Mcglynn LLC boosted its position in shares of Victoria’s Secret & Co. by 32.0% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 2,363,850 shares of the company’s stock worth $64,155,000 after buying an additional 572,844 shares during the period. American Century Companies Inc. boosted its position in shares of Victoria’s Secret & Co. by 230.3% during the third quarter. American Century Companies Inc. now owns 781,057 shares of the company’s stock worth $21,198,000 after buying an additional 544,554 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Victoria’s Secret & Co. by 44.2% during the second quarter. Bank of America Corp DE now owns 1,415,200 shares of the company’s stock worth $26,210,000 after buying an additional 434,012 shares during the period. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VSXY has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price objective on Victoria’s Secret & Co. from $77.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday. UBS Group cut Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $81.00 to $90.00 in a report on Wednesday, June 3rd. Wells Fargo & Company boosted their target price on Victoria’s Secret & Co. from $57.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Barclays boosted their target price on Victoria’s Secret & Co. from $67.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Finally, Wall Street Zen cut Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 5th. One 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 stock. According to data from MarketBeat, Victoria’s Secret & Co. has an average rating of “Moderate Buy” and a consensus price target of $82.60.

Insider Buying and Selling at Victoria’s Secret & Co.

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $80.11, for a total value of $88,735,603.92. Following the transaction, the insider owned 9,202,959 shares of the company’s stock, valued at approximately $737,249,045.49. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donna James purchased 2,175 shares of the company’s stock in a transaction on Thursday, April 2nd. The stock was bought at an average cost of $46.23 per share, for a total transaction of $100,550.25. Following the acquisition, the director directly owned 63,097 shares of the company’s stock, valued at $2,916,974.31. This represents a 3.57% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.52% of the stock is owned by corporate insiders.

Victoria’s Secret & Co. Price Performance

NYSE VSXY opened at $75.21 on Wednesday. The stock has a market capitalization of $5.97 billion, a P/E ratio of 40.44, a P/E/G ratio of 0.64 and a beta of 2.16. Victoria’s Secret & Co. has a 1 year low of $17.53 and a 1 year high of $81.28. The business’s fifty day moving average is $52.90 and its two-hundred day moving average is $53.45. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.54 and a current ratio of 1.26.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share (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 analysts’ expectations 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 prior year, the company earned $0.09 earnings per share. On average, research analysts forecast that Victoria’s Secret & Co. will post 4.37 earnings per share for the current fiscal year.

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.