Victoria’s Secret & Co. (NYSE:VSXY) Major Shareholder Sells $24,441,133.50 in Stock

Victoria’s Secret & Co. (NYSE:VSXY) major shareholder International Pte Ltd Bbrc sold 276,171 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $88.50, for a total value of $24,441,133.50. Following the completion of the sale, the insider owned 8,899,030 shares of the company’s stock, valued at $787,564,155. This represents a 3.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• 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 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 $76.46 on Friday. Victoria’s Secret & Co. has a one year low of $17.53 and a one year high of $88.57. 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 stock’s 50-day moving average is $63.40 and its 200-day moving average is $57.82. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 41.11, a price-to-earnings-growth ratio of 0.61 and a beta of 2.07.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $0.60 EPS 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 company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the business posted $0.09 EPS. Equities analysts predict that Victoria’s Secret & Co. will post 4.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VSXY has been the topic of a number of recent research reports. UBS Group lowered Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and increased their target price for the stock from $81.00 to $90.00 in a research note on Wednesday, June 3rd. The Goldman Sachs Group upped their price objective on shares of Victoria’s Secret & Co. from $56.00 to $84.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. raised their target price 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. Wells Fargo & Company lifted their price target on shares of Victoria’s Secret & Co. from $57.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Finally, Weiss Ratings upgraded Victoria’s Secret & Co. from a “hold (c-)” rating to a “hold (c)” rating in a research 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 six have issued a Hold rating to the company. According to data from MarketBeat, Victoria’s Secret & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $82.60.

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

A number of large investors have recently bought and sold shares of VSXY. Bbfit Investments PTE Ltd. acquired a new position in Victoria’s Secret & Co. during the fourth quarter worth $558,521,000. Vanguard Group Inc. boosted its stake in Victoria’s Secret & Co. by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 8,748,614 shares of the company’s stock valued at $473,912,000 after acquiring an additional 263,079 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Victoria’s Secret & Co. by 10.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,549,501 shares of the company’s stock valued at $69,187,000 after purchasing an additional 238,516 shares during the last quarter. Cramer Rosenthal Mcglynn LLC lifted its position in shares of Victoria’s Secret & Co. by 32.0% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 2,363,850 shares of the company’s stock valued at $64,155,000 after buying an additional 572,844 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Victoria’s Secret & Co. by 11.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,011,366 shares of the company’s stock valued at $108,956,000 after purchasing an additional 199,170 shares during the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

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.