35,600 Shares in Victoria’s Secret & Co. $VSXY Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in Victoria’s Secret & Co. (NYSE:VSXY) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 35,600 shares of the company’s stock, valued at approximately $1,650,000.

A number of other large investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter worth $30,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Victoria’s Secret & Co. in the fourth quarter valued at $33,000. Hantz Financial Services Inc. increased its holdings in 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 buying an additional 414 shares during the last quarter. DV Equities LLC acquired a new stake in Victoria’s Secret & Co. in the fourth quarter valued at $49,000. Finally, Quantbot Technologies LP acquired a new stake in Victoria’s Secret & Co. in the third quarter valued at $53,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the business’s stock in a transaction dated 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 in the company, valued at $737,249,045.49. The trade was a 10.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 1,411,601 shares of company stock worth $115,398,210 over the last 90 days. Company insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

VSXY has been the subject of several analyst reports. Bank of America raised Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $58.00 to $68.00 in a research report on Wednesday, April 29th. TD Cowen boosted their target price on Victoria’s Secret & Co. from $50.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday, June 4th. The Goldman Sachs Group upped their price target on Victoria’s Secret & Co. from $56.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Telsey Advisory Group increased their price target 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. Finally, Zacks Research raised shares of Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.60.

Victoria’s Secret & Co. Trading Down 5.7%

NYSE:VSXY opened at $78.69 on Thursday. The company has a market capitalization of $6.25 billion, a PE ratio of 42.31, a P/E/G ratio of 0.66 and a beta of 2.06. Victoria’s Secret & Co. has a 52-week low of $17.53 and a 52-week high of $88.57. The stock’s 50 day moving average price is $62.97 and its 200 day moving average price is $57.66. 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 issued its quarterly earnings data on Tuesday, June 2nd. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.31. Victoria’s Secret & Co. had a return on equity of 38.03% and a net margin of 3.11%.The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the business earned $0.09 earnings per share. On average, research analysts anticipate that Victoria’s Secret & Co. will post 4.61 EPS for the current year.

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.