Sequoia Financial Advisors LLC Increases Stock Holdings in Victoria’s Secret & Co. $VSXY

Sequoia Financial Advisors LLC raised its position in Victoria’s Secret & Co. (NYSE:VSXY) by 212.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,754 shares of the company’s stock after acquiring an additional 12,750 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Victoria’s Secret & Co. were worth $869,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of VSXY. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Victoria’s Secret & Co. during the fourth quarter worth about $33,000. Hantz Financial Services Inc. grew its holdings in shares of Victoria’s Secret & Co. by 104.3% in the fourth quarter. Hantz Financial Services Inc. now owns 811 shares of the company’s stock valued at $44,000 after purchasing an additional 414 shares in the last quarter. DV Equities LLC purchased a new stake in Victoria’s Secret & Co. during the 4th quarter worth approximately $49,000. Quantbot Technologies LP purchased a new stake in Victoria’s Secret & Co. during the 3rd quarter worth approximately $53,000. Finally, Leonteq Securities AG purchased a new stake in Victoria’s Secret & Co. during the 4th quarter worth approximately $54,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VSXY has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating and issued a $99.00 price target on shares of Victoria’s Secret & Co. in a research report on Monday, July 6th. The Goldman Sachs Group upped their price objective on 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. Barclays increased 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, June 3rd. Wells Fargo & Company lifted their target price on Victoria’s Secret & Co. from $57.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Finally, Telsey Advisory Group lifted their target price on Victoria’s Secret & Co. from $71.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. One 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. 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.

Victoria’s Secret & Co. Stock Down 1.3%

VSXY stock opened at $81.31 on Friday. The company’s 50 day moving average price is $69.59 and its 200 day moving average price is $59.70. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 43.72, a PEG ratio of 0.64 and a beta of 2.07. Victoria’s Secret & Co. has a fifty-two week low of $18.04 and a fifty-two week high of $88.57. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 1.26.

Victoria’s Secret & Co. (NYSE:VSXY) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.52 billion. During the same quarter in the previous year, the firm earned $0.09 earnings per share. On average, equities research analysts anticipate that Victoria’s Secret & Co. will post 4.65 EPS for the current fiscal year.

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

In other news, major shareholder International Pte Ltd Bbrc sold 276,171 shares of the firm’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $88.50, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 1,411,601 shares of company stock valued at $115,398,210. 0.52% of the stock is currently owned by company insiders.

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.