Apollon Wealth Management LLC Takes Position in Victoria’s Secret & Co. $VSXY

Apollon Wealth Management LLC acquired a new position in shares of Victoria’s Secret & Co. (NYSE:VSXY) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,278 shares of the company’s stock, valued at approximately $940,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VSXY. Bbfit Investments PTE Ltd. acquired a new stake in Victoria’s Secret & Co. during the 4th quarter valued at approximately $558,521,000. Vanguard Group Inc. lifted its position in shares of Victoria’s Secret & Co. by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 8,748,614 shares of the company’s stock worth $473,912,000 after purchasing an additional 263,079 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Victoria’s Secret & Co. by 10.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,549,501 shares of the company’s stock valued at $69,187,000 after purchasing an additional 238,516 shares during the last quarter. Cramer Rosenthal Mcglynn LLC boosted its stake in shares of Victoria’s Secret & Co. by 32.0% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 2,363,850 shares of the company’s stock valued at $64,155,000 after purchasing an additional 572,844 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Victoria’s Secret & Co. by 11.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,011,366 shares of the company’s stock valued at $108,956,000 after purchasing an additional 199,170 shares during the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Stock Down 0.3%

Shares of NYSE VSXY opened at $76.46 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.26 and a quick ratio of 0.41. The company has a 50-day moving average price of $63.88 and a 200-day moving average price of $57.95. The stock has a market capitalization of $6.07 billion, a P/E ratio of 41.11, a P/E/G ratio of 0.61 and a beta of 2.07. Victoria’s Secret & Co. has a 1 year low of $17.53 and a 1 year high of $88.57.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.31. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates 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 prior year, the business posted $0.09 EPS. On average, equities research analysts forecast that Victoria’s Secret & Co. will post 4.61 EPS for the current fiscal year.

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

In related news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of Victoria’s Secret & Co. stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $80.11, for a total transaction of $88,735,603.92. Following the transaction, the insider owned 9,202,959 shares of the company’s stock, valued at $737,249,045.49. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 1,411,601 shares of company stock valued at $115,398,210 in the last 90 days. 0.52% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group downgraded shares of Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and lifted their target price for the stock from $65.00 to $73.00 in a research note on Wednesday, June 3rd. Zacks Research raised shares of Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. UBS Group downgraded Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and increased their price target for the stock from $81.00 to $90.00 in a report on Wednesday, June 3rd. The Goldman Sachs Group increased their price target on Victoria’s Secret & Co. from $56.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Finally, 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 research 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, the company presently has an average rating of “Moderate Buy” and a consensus 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.