MRA Advisory Group Acquires New Shares in Victoria’s Secret & Co. $VSXY

MRA Advisory Group bought a new position in Victoria’s Secret & Co. (NYSE:VSXY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,700 shares of the company’s stock, valued at approximately $770,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VSXY. Bbfit Investments PTE Ltd. purchased a new position in Victoria’s Secret & Co. during the fourth quarter valued at $558,521,000. Squarepoint Ops LLC bought a new stake in shares of Victoria’s Secret & Co. in the second quarter worth about $39,803,000. Baird Financial Group Inc. bought a new stake in shares of Victoria’s Secret & Co. in the second quarter worth about $30,622,000. Bank of America Corp DE lifted its position in shares of Victoria’s Secret & Co. by 61.9% in the first quarter. Bank of America Corp DE now owns 632,358 shares of the company’s stock worth $29,316,000 after buying an additional 241,660 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Victoria’s Secret & Co. by 11.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,011,366 shares of the company’s stock valued at $108,956,000 after buying an additional 199,170 shares during the last quarter. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Trading Up 1.5%

NYSE VSXY traded up $1.28 during trading on Wednesday, hitting $86.37. The stock had a trading volume of 332,963 shares, compared to its average volume of 2,121,537. Victoria’s Secret & Co. has a one year low of $28.15 and a one year high of $102.46. The stock has a 50 day simple moving average of $85.26 and a 200 day simple moving average of $70.89. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 0.61 and a beta of 2.01. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 1.36.

Victoria’s Secret & Co. (NYSE:VSXY) last released its earnings results on Thursday, September 3rd. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.18. Victoria’s Secret & Co. had a return on equity of 40.43% and a net margin of 5.46%.The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.62 billion. The business’s quarterly revenue was up 10.4% on a year-over-year basis. Sell-side analysts predict that Victoria’s Secret & Co. will post 4.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

VSXY has been the topic of several research reports. Zacks Research cut shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 11th. UBS Group reduced their target price on shares of Victoria’s Secret & Co. from $95.00 to $87.00 and set a “neutral” rating on the stock in a report on Friday, September 4th. Weiss Ratings raised shares of Victoria’s Secret & Co. from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 8th. Wall Street Zen lowered Victoria’s Secret & Co. from a “buy” rating to a “hold” rating in a research report on Monday, September 21st. Finally, Morgan Stanley boosted their target price on Victoria’s Secret & Co. from $99.00 to $101.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $89.91.

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

In other news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of Victoria’s Secret & Co. stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $89.15, for a total transaction of $71,223,718.00. Following the completion of the sale, the insider directly owned 7,810,631 shares in the company, valued at approximately $696,317,753.65. This trade represents a 9.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Melinda R. Mcafee sold 4,500 shares of the business’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $91.10, for a total transaction of $409,950.00. Following the sale, the insider directly owned 166,317 shares of the company’s stock, valued at $15,151,478.70. This represents a 2.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,092,899 shares of company stock worth $97,365,456 in the last ninety days. 0.52% of the stock is currently owned by corporate insiders.

About Victoria’s Secret & Co.

Victoria’s Secret & Co is a specialty retailer focused on women’s intimate apparel, lingerie, beauty products, sleepwear, loungewear and related accessories. Its portfolio includes the Victoria’s Secret brand, which offers bras, panties, sleepwear, apparel, fragrances and body-care products, and PINK, a lifestyle brand serving younger consumers with intimates, apparel, beauty products and accessories. The company also owns Adore Me, a digitally focused intimate-apparel brand.

The company sells its products through company-operated stores, digital platforms and selected wholesale and partner channels.