International Pte Ltd Bbrc Sells 1,107,672 Shares of Victoria’s Secret & Co. (NYSE:VSXY) Stock

Victoria’s Secret & Co. (NYSE:VSXY) major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $80.11, for a total transaction of $88,735,603.92. Following the transaction, the insider directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions 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 stock was sold at an average price of $80.03, for a total transaction of $2,221,472.74.

Victoria’s Secret & Co. Trading Down 7.4%

NYSE VSXY traded down $5.87 during mid-day trading on Thursday, reaching $73.09. 4,076,460 shares of the stock were exchanged, compared to its average volume of 3,016,558. Victoria’s Secret & Co. has a one year low of $17.53 and a one year high of $81.28. The stock has a 50 day simple moving average of $51.00 and a 200-day simple moving average of $52.60. The stock has a market cap of $5.81 billion, a P/E ratio of 39.30, a P/E/G ratio of 1.36 and a beta of 2.16. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.25 and a quick ratio of 0.54.

Victoria’s Secret & Co. (NYSE:VSXY) last announced 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. Victoria’s Secret & Co. had a net margin of 3.11% and a return on equity of 38.95%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the firm earned $0.09 earnings per share. On average, analysts anticipate that Victoria’s Secret & Co. will post 3.49 EPS for the current year.

Wall Street Analyst Weigh In

VSXY has been the subject of a number of analyst reports. Telsey Advisory Group lifted their target price on shares of Victoria’s Secret & Co. from $71.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday. 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. Barclays raised 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 report on Wednesday. UBS Group cut shares of Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and raised their price target for the stock from $81.00 to $90.00 in a report on Wednesday. Finally, Weiss Ratings cut shares of Victoria’s Secret & Co. from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, April 27th. One equities research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.80.

Institutional Investors Weigh In On Victoria’s Secret & Co.

Large investors have recently bought and sold shares of the stock. Optimize Financial Inc acquired a new stake in Victoria’s Secret & Co. in the third quarter worth $617,000. Public Sector Pension Investment Board grew its holdings in shares of Victoria’s Secret & Co. by 14.5% during the third quarter. Public Sector Pension Investment Board now owns 311,502 shares of the company’s stock valued at $8,454,000 after buying an additional 39,356 shares during the last quarter. Premier Fund Managers Ltd acquired a new position in shares of Victoria’s Secret & Co. during the third quarter valued at about $540,000. Royce & Associates LP grew its holdings in shares of Victoria’s Secret & Co. by 11.2% during the third quarter. Royce & Associates LP now owns 398,992 shares of the company’s stock valued at $10,829,000 after buying an additional 40,155 shares during the last quarter. Finally, Tabor Asset Management LP acquired a new position in shares of Victoria’s Secret & Co. during the third quarter valued at about $907,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria’s Secret & Co. News Roundup

Here are the key news stories impacting Victoria’s Secret & Co. this week:

• Positive Sentiment: Victoria’s Secret posted stronger-than-expected Q1 results, with sales and earnings topping guidance and management raising its full-year outlook. Reuters article
• Positive Sentiment: Wells Fargo and Telsey Advisory Group both raised their price targets to $90 and maintained bullish ratings, reinforcing confidence in the turnaround story. Benzinga article
• Positive Sentiment: All three independent proxy advisors recommended shareholders vote for the company’s nominees, reducing governance-related uncertainty ahead of the annual meeting. GlobeNewswire article
• Neutral Sentiment: Several commentary pieces highlighted that the stock’s sharp rally has pushed valuation higher, and one Seeking Alpha note downgraded the shares to Hold because the risk/reward is less compelling after the surge.
• Neutral Sentiment: Market commentary points to Victoria’s Secret’s brand reset, improved pricing power, and revived core identity as the basis for the stock’s recent momentum.

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.