Bessemer Group Inc. Grows Stock Position in Victoria’s Secret & Co. $VSXY

Bessemer Group Inc. grew its holdings in Victoria’s Secret & Co. (NYSE:VSXY) by 47.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 95,167 shares of the company’s stock after acquiring an additional 30,589 shares during the quarter. Bessemer Group Inc.’s holdings in Victoria’s Secret & Co. were worth $4,412,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of VSXY. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Victoria’s Secret & Co. in the 4th quarter valued at approximately $33,000. Hantz Financial Services Inc. grew its position in Victoria’s Secret & Co. by 104.3% during the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the company’s stock worth $44,000 after purchasing an additional 414 shares during the last quarter. DV Equities LLC purchased a new stake in Victoria’s Secret & Co. during the 4th quarter worth approximately $49,000. Quantbot Technologies LP acquired a new position in Victoria’s Secret & Co. during the 3rd quarter valued at approximately $53,000. Finally, Leonteq Securities AG acquired a new position in Victoria’s Secret & Co. during the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Victoria’s Secret & Co. from $77.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. The Goldman Sachs Group upped their target price on Victoria’s Secret & Co. from $56.00 to $84.00 and gave the company a “neutral” 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. Jefferies Financial Group lowered Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and raised their target price for the stock from $65.00 to $73.00 in a research note on Wednesday, June 3rd. Finally, UBS Group cut Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $81.00 to $90.00 in a research report 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.50.

Victoria’s Secret & Co. Stock Performance

VSXY opened at $87.80 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. Victoria’s Secret & Co. has a 12-month low of $18.04 and a 12-month high of $88.57. The firm has a 50 day moving average of $70.43 and a two-hundred day moving average of $59.96. The firm has a market capitalization of $6.97 billion, a PE ratio of 47.20, a P/E/G ratio of 0.64 and a beta of 2.07.

Victoria’s Secret & Co. (NYSE:VSXY) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.29 by $0.31. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate 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 prior year, the firm earned $0.09 EPS. On average, analysts anticipate that Victoria’s Secret & Co. will post 4.65 EPS for the current year.

Insider Transactions at Victoria’s Secret & Co.

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $80.11, for a total value of $88,735,603.92. Following the sale, the insider directly owned 9,202,959 shares of the company’s stock, valued at approximately $737,249,045.49. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 1,411,601 shares of company stock worth $115,398,210 in the last three months. Insiders own 0.52% of the company’s stock.

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.