SG Americas Securities LLC Sells 29,315 Shares of Victoria’s Secret & Co. $VSXY

SG Americas Securities LLC trimmed its position in shares of Victoria’s Secret & Co. (NYSE:VSXY) by 43.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,709 shares of the company’s stock after selling 29,315 shares during the period. SG Americas Securities LLC’s holdings in Victoria’s Secret & Co. were worth $1,748,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bbfit Investments PTE Ltd. bought a new position in Victoria’s Secret & Co. in the 4th quarter worth $558,521,000. Vanguard Group Inc. raised its holdings in Victoria’s Secret & Co. by 3.1% during 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 period. Dimensional Fund Advisors LP lifted its position in shares of 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 acquiring an additional 238,516 shares in the last quarter. Cramer Rosenthal Mcglynn LLC lifted its position in shares of Victoria’s Secret & Co. by 32.0% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 2,363,850 shares of the company’s stock valued at $64,155,000 after acquiring an additional 572,844 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Victoria’s Secret & Co. by 11.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,011,366 shares of the company’s stock worth $108,956,000 after acquiring an additional 199,170 shares during the period. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Insider Buying and Selling at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $80.11, for a total transaction of $88,735,603.92. Following the sale, the insider owned 9,202,959 shares of the company’s stock, valued at $737,249,045.49. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 1,411,601 shares of company stock valued at $115,398,210 over the last ninety days. Company insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on VSXY. TD Cowen increased their target price on Victoria’s Secret & Co. from $50.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, June 4th. Zacks Research raised Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. UBS Group downgraded Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and upped their price target for the stock from $81.00 to $90.00 in a research note on Wednesday, June 3rd. Bank of America upgraded shares of Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and lifted their price target for the company from $58.00 to $68.00 in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Victoria’s Secret & Co. from $77.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. One research 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $82.60.

Victoria’s Secret & Co. Stock Performance

NYSE VSXY opened at $76.46 on Friday. The stock has a market capitalization of $6.07 billion, a PE ratio of 41.11, a P/E/G ratio of 0.61 and a beta of 2.07. The business has a 50 day simple moving average of $63.40 and a two-hundred day simple moving average of $57.82. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.26 and a quick ratio of 0.41. Victoria’s Secret & Co. has a 1-year low of $17.53 and a 1-year high of $88.57.

Victoria’s Secret & Co. (NYSE:VSXY) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.31. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Victoria’s Secret & Co. had a return on equity of 38.03% and a net margin of 3.11%.During the same period in the prior year, the firm earned $0.09 EPS. On average, research analysts predict that Victoria’s Secret & Co. will post 4.61 EPS for the current fiscal year.

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.