Aigen Investment Management LP Buys New Position in Victoria’s Secret & Co. $VSXY

Aigen Investment Management LP bought a new stake in shares of Victoria’s Secret & Co. (NYSE:VSXY) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 29,301 shares of the company’s stock, valued at approximately $1,587,000.

Several other hedge funds have also modified their holdings of the stock. Arrowstreet Capital Limited Partnership raised its holdings in shares of Victoria’s Secret & Co. by 47.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,330,965 shares of the company’s stock valued at $72,098,000 after buying an additional 425,805 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Victoria’s Secret & Co. during the 4th quarter valued at about $78,000. FORA Capital LLC purchased a new stake in shares of Victoria’s Secret & Co. during the 4th quarter valued at about $291,000. Marshall Wace LLP raised its holdings in shares of Victoria’s Secret & Co. by 301.4% during the 4th quarter. Marshall Wace LLP now owns 1,792,727 shares of the company’s stock valued at $97,112,000 after buying an additional 1,346,104 shares during the period. Finally, Bridgewater Associates LP purchased a new stake in Victoria’s Secret & Co. during the 4th quarter worth approximately $8,726,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Donna James purchased 2,175 shares of the stock in a transaction dated Thursday, April 2nd. The stock was acquired at an average cost of $46.23 per share, for a total transaction of $100,550.25. Following the acquisition, the director owned 63,097 shares of the company’s stock, valued at $2,916,974.31. The trade was a 3.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder International Pte Ltd Bbrc sold 27,758 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $80.03, for a total value of $2,221,472.74. Following the completion of the sale, the insider owned 9,175,201 shares of the company’s stock, valued at $734,291,336.03. This trade represents a 0.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.52% of the company’s stock.

Victoria’s Secret & Co. Price Performance

Shares of NYSE VSXY opened at $78.49 on Friday. Victoria’s Secret & Co. has a twelve month low of $17.53 and a twelve month high of $81.28. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 42.20, a price-to-earnings-growth ratio of 0.62 and a beta of 2.16. The business has a 50 day simple moving average of $54.79 and a 200-day simple moving average of $54.21.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on VSXY shares. JPMorgan Chase & Co. lifted their price objective on Victoria’s Secret & Co. from $77.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. Wall Street Zen downgraded Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 5th. Bank of America upgraded Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $58.00 to $68.00 in a report on Wednesday, April 29th. Telsey Advisory Group lifted their price objective on Victoria’s Secret & Co. from $71.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Finally, Barclays lifted their price objective on Victoria’s Secret & Co. from $67.00 to $108.00 and gave the stock an “overweight” rating in a 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $82.60.

Victoria’s Secret & Co. 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.