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

Victoria’s Secret & Co. (NYSE:VSXY) major shareholder International Pte Ltd Bbrc sold 27,758 shares of Victoria’s Secret & Co. stock in a transaction dated 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 sale, the insider owned 9,175,201 shares in the company, valued at approximately $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 is available through this link. Large shareholders that own at least 10% 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 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. Price Performance

Victoria’s Secret & Co. stock traded down $5.87 during trading hours on Thursday, hitting $73.09. 4,076,460 shares of the company traded hands, compared to its average volume of 3,016,558. The firm has a market cap 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. 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 simple moving average is $51.00 and its two-hundred day simple moving average is $52.60. Victoria’s Secret & Co. has a 1-year low of $17.53 and a 1-year high of $81.28.

Victoria’s Secret & Co. (NYSE:VSXY) last released its 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 firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the company earned $0.09 EPS. As a group, analysts forecast that Victoria’s Secret & Co. will post 3.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on VSXY. Weiss Ratings cut shares of Victoria’s Secret & Co. from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. Wells Fargo & Company raised their target price on shares of Victoria’s Secret & Co. from $57.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday. UBS Group cut shares of Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and raised their target price for the company from $81.00 to $90.00 in a research note on Wednesday. Wall Street Zen cut shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 5th. Finally, Jefferies Financial Group cut shares of Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and raised their target price for the company from $65.00 to $73.00 in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $79.80.

Key Victoria’s Secret & Co. News

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.

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

Hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC grew its stake in shares of Victoria’s Secret & Co. by 666.7% in the 1st quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock worth $29,000 after purchasing an additional 540 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Victoria’s Secret & Co. in the 3rd quarter worth approximately $30,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Victoria’s Secret & Co. in the 4th quarter worth approximately $33,000. Hantz Financial Services Inc. grew its stake in shares of Victoria’s Secret & Co. by 104.3% in the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the company’s stock worth $44,000 after purchasing an additional 414 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of Victoria’s Secret & Co. in the 3rd quarter worth approximately $48,000. Institutional investors and hedge funds 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.