Quantedge Capital Pte Ltd Takes $366,000 Position in Victoria’s Secret & Co. $VSXY

Quantedge Capital Pte Ltd acquired a new position in shares of Victoria’s Secret & Co. (NYSE:VSXY) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 7,900 shares of the company’s stock, valued at approximately $366,000.

A number of other hedge funds have also modified their holdings of VSXY. Bbfit Investments PTE Ltd. acquired a new stake in shares of Victoria’s Secret & Co. during the fourth quarter worth $558,521,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Victoria’s Secret & Co. in the 4th quarter valued at $87,786,000. Marshall Wace LLP increased its stake in Victoria’s Secret & Co. by 301.4% in the 4th quarter. Marshall Wace LLP now owns 1,792,727 shares of the company’s stock worth $97,112,000 after purchasing an additional 1,346,104 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Victoria’s Secret & Co. by 1,454.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,045,465 shares of the company’s stock worth $56,634,000 after purchasing an additional 978,194 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in Victoria’s Secret & Co. during the 3rd quarter worth about $20,870,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc sold 276,171 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $88.50, for a total transaction of $24,441,133.50. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 1,411,601 shares of company stock worth $115,398,210 in the last ninety days. Company insiders own 0.52% of the company’s stock.

Victoria’s Secret & Co. Stock Down 0.4%

Shares of Victoria’s Secret & Co. stock opened at $87.10 on Wednesday. Victoria’s Secret & Co. has a 1 year low of $18.04 and a 1 year high of $89.71. The company has a market cap of $6.92 billion, a P/E ratio of 46.83, a P/E/G ratio of 0.68 and a beta of 2.07. The company has a current ratio of 1.26, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. The stock has a 50-day moving average price of $71.24 and a 200 day moving average price of $60.19.

Victoria’s Secret & Co. (NYSE:VSXY) last released its earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.31. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Victoria’s Secret & Co. had a return on equity of 38.03% and a net margin of 3.11%.During the same quarter in the previous year, the business posted $0.09 EPS. As a group, analysts expect that Victoria’s Secret & Co. will post 4.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Telsey Advisory Group upped their price objective on shares of Victoria’s Secret & Co. from $71.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Jefferies Financial Group lowered shares of Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and boosted their price target for the company from $65.00 to $73.00 in a report on Wednesday, June 3rd. Wall Street Zen downgraded shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 5th. Morgan Stanley reaffirmed an “overweight” rating and issued a $99.00 price objective on shares of Victoria’s Secret & Co. in a research note on Monday, July 6th. Finally, Wells Fargo & Company lifted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.50.

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.