Victoria’s Secret & Co. (NYSE:VSXY) Major Shareholder Sells $88,735,603.92 in Stock

Victoria’s Secret & Co. (NYSE:VSXY) major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $80.11, for a total transaction of $88,735,603.92. Following the transaction, the insider directly owned 9,202,959 shares in the company, valued at approximately $737,249,045.49. This represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

International Pte Ltd Bbrc also recently made the following trade(s):

• On Thursday, June 4th, International Pte Ltd Bbrc sold 27,758 shares of Victoria’s Secret & Co. stock. The stock was sold at an average price of $80.03, for a total transaction of $2,221,472.74.

Victoria’s Secret & Co. Stock Performance

NYSE:VSXY opened at $74.41 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 1.07. The company has a market cap of $5.91 billion, a P/E ratio of 40.01, a P/E/G ratio of 0.67 and a beta of 2.16. Victoria’s Secret & Co. has a fifty-two week low of $17.53 and a fifty-two week high of $81.28. The firm’s 50 day moving average is $51.60 and its two-hundred day moving average is $52.75.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.31. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. Victoria’s Secret & Co. had a net margin of 3.11% and a return on equity of 38.95%. During the same quarter last year, the firm posted $0.09 earnings per share. Analysts expect that Victoria’s Secret & Co. will post 4.07 EPS for the current year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bbfit Investments PTE Ltd. acquired a new position in Victoria’s Secret & Co. during the 4th quarter worth approximately $558,521,000. Vanguard Group Inc. lifted its position in Victoria’s Secret & Co. by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 8,748,614 shares of the company’s stock worth $473,912,000 after acquiring an additional 263,079 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Victoria’s Secret & Co. by 10.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,549,501 shares of the company’s stock worth $69,187,000 after acquiring an additional 238,516 shares in the last quarter. Cramer Rosenthal Mcglynn LLC raised its position in shares of Victoria’s Secret & Co. by 32.0% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 2,363,850 shares of the company’s stock valued at $64,155,000 after purchasing an additional 572,844 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Victoria’s Secret & Co. by 11.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,011,366 shares of the company’s stock valued at $108,956,000 after purchasing an additional 199,170 shares in the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Victoria’s Secret & Co. from $57.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday. UBS Group lowered Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $81.00 to $90.00 in a research note on Wednesday. Wall Street Zen lowered Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 5th. Bank of America raised Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $58.00 to $68.00 in a research note on Wednesday, April 29th. Finally, Barclays lifted their price objective on Victoria’s Secret & Co. from $67.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.80.

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.