Geode Capital Management LLC Purchases 47,462 Shares of Victoria’s Secret & Co. $VSXY

Geode Capital Management LLC increased its position in shares of Victoria’s Secret & Co. (NYSE:VSXY) by 2.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,760,139 shares of the company’s stock after buying an additional 47,462 shares during the quarter. Geode Capital Management LLC’s holdings in Victoria’s Secret & Co. were worth $95,365,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new stake in Victoria’s Secret & Co. in the 3rd quarter valued at $30,000. Hantz Financial Services Inc. increased its holdings in Victoria’s Secret & Co. by 104.3% in the 4th 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 period. State of Wyoming bought a new stake in Victoria’s Secret & Co. in the 3rd quarter valued at $48,000. Quantbot Technologies LP bought a new stake in Victoria’s Secret & Co. in the 3rd quarter valued at $53,000. Finally, Leonteq Securities AG bought a new stake in Victoria’s Secret & Co. in the 4th quarter valued at $54,000. 90.29% of the stock is owned by institutional investors.

Victoria’s Secret & Co. Stock Performance

Victoria’s Secret & Co. stock opened at $74.41 on Friday. The stock has a 50-day simple moving average of $51.60 and a 200 day simple moving average of $52.75. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 1.07. Victoria’s Secret & Co. has a 12-month low of $17.53 and a 12-month high of $81.28. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 40.01, a P/E/G ratio of 0.67 and a beta of 2.16.

Victoria’s Secret & Co. (NYSE:VSXY) last announced 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. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. Victoria’s Secret & Co. had a return on equity of 38.95% and a net margin of 3.11%.During the same period last year, the company earned $0.09 earnings per share. On average, research analysts anticipate that Victoria’s Secret & Co. will post 4.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Anne Sheehan bought 4,842 shares of Victoria’s Secret & Co. stock in a transaction on Thursday, April 2nd. The shares were purchased at an average price of $45.86 per share, for a total transaction of $222,054.12. Following the completion of the acquisition, the director owned 34,261 shares in the company, valued at approximately $1,571,209.46. This represents a 16.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the firm’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 approximately $737,249,045.49. This trade represents a 10.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on VSXY shares. Wells Fargo & Company increased their price target on shares of Victoria’s Secret & Co. from $57.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday. The Goldman Sachs Group increased their price target 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. UBS Group lowered shares of Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and increased their price target for the stock from $81.00 to $90.00 in a research report on Wednesday. Zacks Research upgraded shares of Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Finally, Telsey Advisory Group boosted their target price 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $79.80.

Victoria’s Secret & Co. 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.