Hanseatic Management Services Inc. Takes Position in Victoria’s Secret & Co. $VSXY

Hanseatic Management Services Inc. bought a new position in shares of Victoria’s Secret & Co. (NYSE:VSXY) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,491 shares of the company’s stock, valued at approximately $625,000.

Several other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Victoria’s Secret & Co. by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 1,760,139 shares of the company’s stock worth $95,365,000 after buying an additional 47,462 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Victoria’s Secret & Co. in the fourth quarter valued at about $7,790,000. Landscape Capital Management L.L.C. boosted its position in shares of Victoria’s Secret & Co. by 47.5% in the fourth quarter. Landscape Capital Management L.L.C. now owns 177,423 shares of the company’s stock valued at $9,611,000 after acquiring an additional 57,133 shares during the period. Apollon Wealth Management LLC bought a new stake in shares of Victoria’s Secret & Co. in the first quarter valued at about $940,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Victoria’s Secret & Co. in the fourth quarter valued at about $9,634,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Victoria’s Secret & Co.

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 276,171 shares of the stock in a transaction dated Friday, June 26th. The shares were 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 $787,564,155. This represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 1,411,601 shares of company stock worth $115,398,210 in the last 90 days. Corporate insiders own 0.52% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

NYSE:VSXY opened at $81.31 on Friday. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 43.72, a PEG ratio of 0.64 and a beta of 2.07. Victoria’s Secret & Co. has a fifty-two week low of $18.04 and a fifty-two week high of $88.57. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 1.26. The stock has a fifty day moving average price of $69.59 and a 200-day moving average price of $59.70.

Victoria’s Secret & Co. (NYSE:VSXY) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.31. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Victoria’s Secret & Co. had a return on equity of 38.03% and a net margin of 3.11%.During the same quarter last year, the business earned $0.09 earnings per share. As a group, equities analysts anticipate that Victoria’s Secret & Co. will post 4.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VSXY has been the topic of a number of recent research reports. Bank of America raised shares of Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and raised their price target for the stock from $58.00 to $68.00 in a research report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price objective on shares of Victoria’s Secret & Co. from $77.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, June 8th. Morgan Stanley restated an “overweight” rating and set a $99.00 target price on shares of Victoria’s Secret & Co. in a research report on Monday, July 6th. Wall Street Zen cut shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 5th. Finally, The Goldman Sachs Group raised their target price on shares of Victoria’s Secret & Co. from $56.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

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.