Victoria’s Secret & Co. (NYSE:VSXY) Major Shareholder International Pte Ltd Bbrc Sells 289,479 Shares of Stock

Victoria’s Secret & Co. (NYSE:VSXY) major shareholder International Pte Ltd Bbrc sold 289,479 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $88.89, for a total transaction of $25,731,788.31. Following the completion of the sale, the insider owned 8,609,551 shares of the company’s stock, valued at approximately $765,302,988.39. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

International Pte Ltd Bbrc also recently made the following trade(s):

• On Friday, June 26th, International Pte Ltd Bbrc sold 276,171 shares of Victoria’s Secret & Co. stock. The stock was sold at an average price of $88.50, for a total transaction of $24,441,133.50.
• On Thursday, June 4th, International Pte Ltd Bbrc sold 27,758 shares of Victoria’s Secret & Co. stock. The stock was sold at an average price of $80.03, for a total value of $2,221,472.74.
• On Tuesday, June 2nd, International Pte Ltd Bbrc sold 1,107,672 shares of Victoria’s Secret & Co. stock. The stock was sold at an average price of $80.11, for a total value of $88,735,603.92.

Victoria’s Secret & Co. Stock Up 4.9%

VSXY traded up $4.17 during trading hours on Tuesday, reaching $89.49. 955,964 shares of the stock traded hands, compared to its average volume of 2,237,902. Victoria’s Secret & Co. has a fifty-two week low of $18.04 and a fifty-two week high of $90.00. The company has a market cap of $7.11 billion, a price-to-earnings ratio of 48.11, a PEG ratio of 0.65 and a beta of 2.07. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.26 and a quick ratio of 0.41. The firm’s fifty day simple moving average is $74.38 and its two-hundred day simple moving average is $61.03.

Victoria’s Secret & Co. (NYSE:VSXY) last released its quarterly earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.31. Victoria’s Secret & Co. had a net margin of 3.11% and a return on equity of 38.03%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the company earned $0.09 earnings per share. As a group, analysts forecast that Victoria’s Secret & Co. will post 4.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VSXY has been the subject of a number of analyst reports. Bank of America raised shares of Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and boosted their target price for the company from $58.00 to $68.00 in a research note on Wednesday, April 29th. UBS Group cut Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and lifted their price target for the company from $81.00 to $90.00 in a report on Wednesday, June 3rd. TD Cowen lifted their target price on Victoria’s Secret & Co. from $50.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. raised their price target on Victoria’s Secret & Co. from $77.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, June 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $99.00 price objective on shares of Victoria’s Secret & Co. in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.50.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Institutional investors and hedge funds have recently bought and sold shares of the business. Bbfit Investments PTE Ltd. purchased a new stake in shares of Victoria’s Secret & Co. during the 4th quarter worth about $558,521,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Victoria’s Secret & Co. in the fourth quarter valued at approximately $87,786,000. Marshall Wace LLP increased its holdings in shares of Victoria’s Secret & Co. by 301.4% during the 4th quarter. Marshall Wace LLP now owns 1,792,727 shares of the company’s stock worth $97,112,000 after purchasing an additional 1,346,104 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Victoria’s Secret & Co. by 1,454.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,045,465 shares of the company’s stock worth $56,634,000 after purchasing an additional 978,194 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Victoria’s Secret & Co. in the 3rd quarter valued at $20,870,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

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.