Victoria’s Secret & Co. $VSXY Stock Holdings Trimmed by Barington Companies Management LLC

Barington Companies Management LLC decreased its position in shares of Victoria’s Secret & Co. (NYSE:VSXY) by 46.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 425,000 shares of the company’s stock after selling 375,000 shares during the period. Victoria’s Secret & Co. makes up approximately 15.1% of Barington Companies Management LLC’s holdings, making the stock its 3rd largest holding. Barington Companies Management LLC’s holdings in Victoria’s Secret & Co. were worth $23,022,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its position in Victoria’s Secret & Co. by 1.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 18,308 shares of the company’s stock valued at $992,000 after purchasing an additional 286 shares in the last quarter. Optimize Financial Inc raised its position in Victoria’s Secret & Co. by 1.5% during the fourth quarter. Optimize Financial Inc now owns 23,074 shares of the company’s stock valued at $1,250,000 after purchasing an additional 332 shares in the last quarter. Savvy Advisors Inc. raised its position in Victoria’s Secret & Co. by 3.0% during the third quarter. Savvy Advisors Inc. now owns 11,895 shares of the company’s stock valued at $323,000 after purchasing an additional 346 shares in the last quarter. ProShare Advisors LLC raised its position in Victoria’s Secret & Co. by 2.7% during the fourth quarter. ProShare Advisors LLC now owns 13,601 shares of the company’s stock valued at $737,000 after purchasing an additional 361 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its position in Victoria’s Secret & Co. by 104.3% in the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the company’s stock worth $44,000 after purchasing an additional 414 shares during the period. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Insider Activity at Victoria’s Secret & Co.

In other news, Director Anne Sheehan purchased 4,842 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was bought at an average cost of $45.86 per share, for a total transaction of $222,054.12. Following the acquisition, the director directly owned 34,261 shares of the company’s stock, valued at $1,571,209.46. This represents a 16.46% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder International Pte Ltd Bbrc sold 27,758 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $80.03, for a total transaction of $2,221,472.74. Following the sale, the insider owned 9,175,201 shares of the company’s stock, valued at $734,291,336.03. This represents a 0.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.52% of the stock is currently owned by company insiders.

Victoria’s Secret & Co. Trading Down 0.4%

NYSE:VSXY opened at $78.49 on Friday. The company has a fifty day moving average of $54.79 and a 200 day moving average of $54.21. Victoria’s Secret & Co. has a 52 week low of $17.53 and a 52 week high of $81.28. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $6.23 billion, a P/E ratio of 42.20, a P/E/G ratio of 0.62 and a beta of 2.16.

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

Wall Street Analyst Weigh In

VSXY has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their target price on shares of Victoria’s Secret & Co. from $56.00 to $84.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Jefferies Financial Group cut shares of Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and lifted their target price for the stock from $65.00 to $73.00 in a research report on Wednesday, June 3rd. Wells Fargo & Company lifted their target price on shares of Victoria’s Secret & Co. from $57.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Telsey Advisory Group lifted their target price on shares of Victoria’s Secret & Co. from $71.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Finally, TD Cowen lifted their target price on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.60.

About Victoria’s Secret & Co.

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.