VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Victoria’s Secret & Co. $VSXY

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Victoria’s Secret & Co. (NYSE:VSXY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 33,750 shares of the company’s stock, valued at approximately $2,817,000.

A number of other large investors have also recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of Victoria’s Secret & Co. by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 1,760,139 shares of the company’s stock worth $95,365,000 after purchasing an additional 47,462 shares during the last quarter. Landscape Capital Management L.L.C. lifted its position in Victoria’s Secret & Co. by 47.5% during the fourth quarter. Landscape Capital Management L.L.C. now owns 177,423 shares of the company’s stock valued at $9,611,000 after purchasing an additional 57,133 shares during the last quarter. California State Teachers Retirement System grew its stake in Victoria’s Secret & Co. by 23.5% in the 1st quarter. California State Teachers Retirement System now owns 84,333 shares of the company’s stock worth $3,910,000 after buying an additional 16,044 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Victoria’s Secret & Co. by 212.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 18,754 shares of the company’s stock worth $869,000 after buying an additional 12,750 shares in the last quarter. Finally, Apollon Wealth Management LLC bought a new position in shares of Victoria’s Secret & Co. in the 1st quarter worth $940,000. Institutional investors own 90.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VSXY. Barclays lowered their price objective on shares of Victoria’s Secret & Co. from $108.00 to $106.00 and set an “overweight” rating on the stock in a research report on Friday, September 4th. UBS Group cut their target price on shares of Victoria’s Secret & Co. from $95.00 to $87.00 and set a “neutral” rating for the company in a research report on Friday, September 4th. Wells Fargo & Company increased their target price on Victoria’s Secret & Co. from $57.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. The Goldman Sachs Group lifted their price target on Victoria’s Secret & Co. from $56.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Finally, Jefferies Financial Group cut Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and upped their price objective for the stock from $65.00 to $73.00 in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.00.

Victoria’s Secret & Co. Trading Down 3.4%

VSXY stock opened at $73.18 on Friday. The company has a market capitalization of $5.84 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 0.51 and a beta of 2.05. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 1.36. Victoria’s Secret & Co. has a one year low of $25.09 and a one year high of $102.46. The company’s 50 day moving average price is $84.99 and its two-hundred day moving average price is $67.19.

Victoria’s Secret & Co. (NYSE:VSXY) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.18. Victoria’s Secret & Co. had a net margin of 5.46% and a return on equity of 40.43%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, analysts predict that Victoria’s Secret & Co. will post 4.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $89.15, for a total value of $71,223,718.00. Following the completion of the sale, the insider directly owned 7,810,631 shares of the company’s stock, valued at $696,317,753.65. The trade was a 9.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 1,364,570 shares of company stock valued at $121,396,640 over the last ninety days. Insiders own 0.52% of the company’s stock.

About Victoria’s Secret & Co.

Victoria’s Secret & Co is a specialty retailer focused on intimate apparel, lingerie, beauty products and related accessories. Its portfolio includes the Victoria’s Secret brand, which offers bras, panties, sleepwear, swimwear, apparel, fragrances and body-care products, and PINK, which targets younger consumers with lingerie, loungewear, apparel, beauty products and accessories.

The company also owns Adore Me, a digitally focused intimates brand offering lingerie and related apparel.