Entropy Technologies LP Has $891,000 Position in Victoria’s Secret & Co. $VSXY

Entropy Technologies LP lessened its stake in Victoria’s Secret & Co. (NYSE:VSXY) by 31.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 19,216 shares of the company’s stock after selling 8,921 shares during the period. Entropy Technologies LP’s holdings in Victoria’s Secret & Co. were worth $891,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in VSXY. Parallel Advisors LLC increased its stake in Victoria’s Secret & Co. by 666.7% during the first quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock valued at $29,000 after acquiring an additional 540 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Victoria’s Secret & Co. in the 4th quarter worth approximately $33,000. Hantz Financial Services Inc. grew its holdings in shares of Victoria’s Secret & Co. by 104.3% during 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 in the last quarter. DV Equities LLC acquired a new stake in shares of Victoria’s Secret & Co. during the 4th quarter worth approximately $49,000. Finally, Quantbot Technologies LP bought a new stake in shares of Victoria’s Secret & Co. during the third quarter valued at approximately $53,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. The Goldman Sachs Group upped their target price on Victoria’s Secret & Co. from $56.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. TD Cowen increased their price objective on shares of Victoria’s Secret & Co. from $50.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, June 4th. Telsey Advisory Group raised 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 report on Wednesday, June 3rd. Weiss Ratings raised shares of Victoria’s Secret & Co. from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 24th. Finally, Barclays upped their target price on shares of Victoria’s Secret & Co. from $67.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. One research 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $88.70.

Victoria’s Secret & Co. Stock Performance

Victoria’s Secret & Co. stock opened at $89.04 on Wednesday. The company has a market cap of $7.07 billion, a PE ratio of 47.87, a PEG ratio of 0.67 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. Victoria’s Secret & Co. has a 1 year low of $18.04 and a 1 year high of $90.68. The company’s 50-day moving average is $75.26 and its two-hundred day moving average is $61.23.

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

Insider Transactions at Victoria’s Secret & Co.

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $80.11, for a total value of $88,735,603.92. Following the transaction, the insider directly owned 9,202,959 shares of the company’s stock, valued at approximately $737,249,045.49. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 1,701,080 shares of company stock valued at $141,129,998 over the last quarter. 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.