Victoria’s Secret & Co. (NYSE:VSXY) Major Shareholder International Pte Ltd Bbrc Sells 276,171 Shares of Stock

Victoria’s Secret & Co. (NYSE:VSXY) major shareholder International Pte Ltd Bbrc sold 276,171 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $88.50, for a total transaction of $24,441,133.50. Following the sale, the insider directly owned 8,899,030 shares in the company, valued at approximately $787,564,155. This represents a 3.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases 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 shares were sold at an average price of $80.03, for a total value of $2,221,472.74.
• On Tuesday, June 2nd, International Pte Ltd Bbrc sold 1,107,672 shares of Victoria’s Secret & Co. stock. The stock was sold at an average price of $80.11, for a total transaction of $88,735,603.92.

Victoria’s Secret & Co. Stock Down 3.1%

NYSE:VSXY opened at $83.78 on Wednesday. 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’s fifty day moving average price is $62.50 and its 200-day moving average price is $57.48. Victoria’s Secret & Co. has a 1-year low of $17.53 and a 1-year high of $88.57. The firm has a market capitalization of $6.65 billion, a P/E ratio of 45.04, a PEG ratio of 0.68 and a beta of 2.16.

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, beating the consensus estimate of $0.29 by $0.31. The firm had revenue of $1.56 billion during 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 period in the previous year, the firm earned $0.09 EPS. As a group, equities research analysts anticipate that Victoria’s Secret & Co. will post 4.61 EPS for the current year.

Institutional Trading of Victoria’s Secret & Co.

Several institutional investors have recently added to or reduced their stakes in VSXY. Parallel Advisors LLC increased its stake in Victoria’s Secret & Co. by 666.7% during the 1st quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock worth $29,000 after buying an additional 540 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in Victoria’s Secret & Co. in the 3rd quarter valued at approximately $30,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Victoria’s Secret & Co. in the 4th quarter valued at approximately $33,000. Hantz Financial Services Inc. grew its stake in shares of Victoria’s Secret & Co. by 104.3% in the fourth quarter. Hantz Financial Services Inc. now owns 811 shares of the company’s stock worth $44,000 after acquiring an additional 414 shares in the last quarter. Finally, DV Equities LLC acquired a new position in shares of Victoria’s Secret & Co. in the fourth quarter worth $49,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on VSXY shares. TD Cowen lifted their target price on shares of Victoria’s Secret & Co. from $50.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday, June 4th. 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. Barclays boosted their price target 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. Bank of America raised shares of Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and upped their price objective for the company from $58.00 to $68.00 in a research note on Wednesday, April 29th. Finally, Wall Street Zen downgraded shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.60.

About Victoria’s Secret & Co.

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.