Apollon Wealth Management LLC Takes $940,000 Position in Victoria’s Secret & Co. $VSXY

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

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Victoria’s Secret & Co. in the 4th quarter worth about $33,000. Hantz Financial Services Inc. lifted its holdings in Victoria’s Secret & Co. by 104.3% during 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 during the period. DV Equities LLC bought a new stake in Victoria’s Secret & Co. during the fourth quarter worth $49,000. Leonteq Securities AG purchased a new position in Victoria’s Secret & Co. in the fourth quarter worth $54,000. Finally, Rockefeller Capital Management L.P. boosted its position in Victoria’s Secret & Co. by 48.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,122 shares of the company’s stock worth $61,000 after purchasing an additional 364 shares during the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Trading Down 0.3%

Shares of Victoria’s Secret & Co. stock opened at $76.46 on Friday. The company’s 50-day moving average price is $63.88 and its 200-day moving average price is $57.95. 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 $17.53 and a 12-month high of $88.57. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 41.11, a PEG ratio of 0.61 and a beta of 2.07.

Victoria’s Secret & Co. (NYSE:VSXY) last issued 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 company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations 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 previous year, the company earned $0.09 earnings per share. On average, equities analysts expect that Victoria’s Secret & Co. will post 4.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Victoria’s Secret & Co. news, 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 value of $88,735,603.92. Following the completion of the transaction, the insider directly owned 9,202,959 shares of the company’s stock, valued at $737,249,045.49. This trade represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 1,411,601 shares of company stock valued at $115,398,210. 0.52% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

VSXY has been the subject of several research analyst reports. Jefferies Financial Group lowered Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and raised their target price for the company from $65.00 to $73.00 in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. boosted their price target on shares of Victoria’s Secret & Co. from $77.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. Wall Street Zen lowered shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 5th. Weiss Ratings upgraded shares of Victoria’s Secret & Co. from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 24th. Finally, Barclays raised their price objective 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, June 3rd. One equities research 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. According to MarketBeat.com, the company presently has a consensus 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.