International Pte Ltd Bbrc Sells 1,107,672 Shares of Victoria’s Secret & Co. (NYSE:VSXY) Stock

Victoria’s Secret & Co. (NYSE:VSXY) major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $80.11, for a total value of $88,735,603.92. Following the completion of the sale, the insider 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 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 value of $2,221,472.74.

Victoria’s Secret & Co. Stock Up 1.8%

Shares of VSXY stock opened at $74.41 on Friday. Victoria’s Secret & Co. has a 12 month low of $17.53 and a 12 month high of $81.28. The firm has a market cap of $5.91 billion, a PE ratio of 40.01, a price-to-earnings-growth ratio of 0.66 and a beta of 2.16. The stock has a 50 day moving average of $51.60 and a 200-day moving average of $52.75. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 1.07.

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 analysts’ consensus estimates of $0.29 by $0.31. Victoria’s Secret & Co. had a return on equity of 38.95% and a net margin of 3.11%.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 previous year, the company earned $0.09 earnings per share. On average, equities analysts predict that Victoria’s Secret & Co. will post 4.07 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on VSXY shares. Zacks Research upgraded Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Bank of America upgraded Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $58.00 to $68.00 in a research report on Wednesday, April 29th. TD Cowen boosted their price objective on Victoria’s Secret & Co. from $50.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday. Wells Fargo & Company boosted their price objective on Victoria’s Secret & Co. from $57.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Jefferies Financial Group cut Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and boosted their price objective for the company from $65.00 to $73.00 in a research report on Wednesday. One equities research 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.80.

Institutional Trading of Victoria’s Secret & Co.

Large investors have recently bought and sold shares of the stock. Optimize Financial Inc bought a new stake in Victoria’s Secret & Co. in the third quarter valued at $617,000. Public Sector Pension Investment Board grew its position in Victoria’s Secret & Co. by 14.5% in the third quarter. Public Sector Pension Investment Board now owns 311,502 shares of the company’s stock valued at $8,454,000 after acquiring an additional 39,356 shares during the period. Premier Fund Managers Ltd bought a new stake in Victoria’s Secret & Co. in the third quarter valued at $540,000. Royce & Associates LP boosted its stake in Victoria’s Secret & Co. by 11.2% in the third quarter. Royce & Associates LP now owns 398,992 shares of the company’s stock worth $10,829,000 after purchasing an additional 40,155 shares in the last quarter. Finally, Tabor Asset Management LP acquired a new position in Victoria’s Secret & Co. in the third quarter worth $907,000. 90.29% of the stock is currently owned by institutional investors.

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.