Hsbc Holdings PLC Sells 11,948 Shares of Victoria’s Secret & Co. $VSXY

Hsbc Holdings PLC lessened its holdings in Victoria’s Secret & Co. (NYSE:VSXY) by 45.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,399 shares of the company’s stock after selling 11,948 shares during the quarter. Hsbc Holdings PLC’s holdings in Victoria’s Secret & Co. were worth $786,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Victoria’s Secret & Co. in the fourth quarter valued at approximately $33,000. Hantz Financial Services Inc. lifted 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 valued at $44,000 after purchasing an additional 414 shares during the period. DV Equities LLC bought a new position in shares of Victoria’s Secret & Co. in the 4th quarter worth $49,000. Quantbot Technologies LP bought a new position in shares of Victoria’s Secret & Co. in the 3rd quarter worth $53,000. Finally, Leonteq Securities AG bought a new stake in Victoria’s Secret & Co. in the fourth quarter valued at about $54,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on VSXY shares. Morgan Stanley reissued an “overweight” rating and issued a $99.00 target price on shares of Victoria’s Secret & Co. in a research note on Monday, July 6th. Bank of America raised Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and upped their price target for the company from $58.00 to $68.00 in a research note on Wednesday, April 29th. Wall Street Zen downgraded shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 5th. Telsey Advisory Group lifted their price objective on shares of Victoria’s Secret & Co. from $71.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Finally, Jefferies Financial Group downgraded shares of Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and upped their target price for the company from $65.00 to $73.00 in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Victoria’s Secret & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $86.50.

Insider Transactions at Victoria’s Secret & Co.

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 276,171 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $88.50, for a total transaction of $24,441,133.50. Following the sale, the insider directly owned 8,899,030 shares in the company, valued at approximately $787,564,155. This trade represents a 3.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 1,411,601 shares of company stock worth $115,398,210. 0.52% of the stock is currently owned by corporate insiders.

Victoria’s Secret & Co. Stock Up 3.2%

Shares of Victoria’s Secret & Co. stock opened at $81.50 on Wednesday. Victoria’s Secret & Co. has a 1 year low of $17.53 and a 1 year high of $88.57. The business has a 50-day moving average of $67.58 and a two-hundred day moving average of $59.14. The company has a market capitalization of $6.47 billion, a P/E ratio of 43.82, a price-to-earnings-growth ratio of 0.62 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.

Victoria’s Secret & Co. (NYSE:VSXY) last released its quarterly earnings results 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 return on equity of 38.03% and a net margin of 3.11%.The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the firm posted $0.09 earnings per share. As a group, equities analysts predict that Victoria’s Secret & Co. will post 4.65 EPS for the current year.

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.