Victoria’s Secret & Co. $VSXY Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its position in Victoria’s Secret & Co. (NYSE:VSXY) by 0.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,343,203 shares of the company’s stock after purchasing an additional 12,238 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Victoria’s Secret & Co. were worth $62,271,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Victoria’s Secret & Co. during the fourth quarter worth about $33,000. Parallel Advisors LLC grew its stake in shares of Victoria’s Secret & Co. by 666.7% in the 1st quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock valued at $29,000 after buying an additional 540 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Victoria’s Secret & Co. by 104.3% in the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the company’s stock valued at $44,000 after buying an additional 414 shares during the period. DV Equities LLC purchased a new stake in shares of Victoria’s Secret & Co. in the 4th quarter valued at approximately $49,000. Finally, Leonteq Securities AG acquired a new stake in shares of Victoria’s Secret & Co. during the 4th quarter worth approximately $54,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Barclays lifted their price target on shares of Victoria’s Secret & Co. from $67.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Telsey Advisory Group raised their target price on Victoria’s Secret & Co. from $71.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. UBS Group cut Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and raised their target price for the stock from $81.00 to $90.00 in a research note on Wednesday, June 3rd. Wall Street Zen downgraded Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 5th. Finally, Wells Fargo & Company upped their price target on Victoria’s Secret & Co. from $57.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $86.50.

Insider Transactions at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 9,202,959 shares in the company, valued at $737,249,045.49. This trade represents a 10.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders sold 1,411,601 shares of company stock worth $115,398,210. 0.52% of the stock is currently owned by corporate insiders.

Victoria’s Secret & Co. Stock Down 0.5%

NYSE:VSXY opened at $83.14 on Monday. The company has a quick ratio of 0.41, a current ratio of 1.26 and a debt-to-equity ratio of 1.17. The stock’s fifty day moving average is $73.56 and its two-hundred day moving average is $60.83. Victoria’s Secret & Co. has a 52 week low of $18.04 and a 52 week high of $90.00. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 44.70, a price-to-earnings-growth ratio of 0.65 and a beta of 2.07.

Victoria’s Secret & Co. (NYSE:VSXY) last released 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. 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 analyst estimates of $1.52 billion. During the same period last year, the business posted $0.09 earnings per share. Research analysts anticipate that Victoria’s Secret & Co. will post 4.65 EPS for the current year.

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.