Sei Investments Co. Sells 21,120 Shares of Victoria’s Secret & Co. $VSXY

Sei Investments Co. lessened its stake in Victoria’s Secret & Co. (NYSE:VSXY) by 17.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 99,897 shares of the company’s stock after selling 21,120 shares during the period. Sei Investments Co.’s holdings in Victoria’s Secret & Co. were worth $4,632,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Victoria’s Secret & Co. during the fourth quarter valued at about $33,000. Parallel Advisors LLC raised its holdings in Victoria’s Secret & Co. by 666.7% in the 1st quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock valued at $29,000 after acquiring an additional 540 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Victoria’s Secret & Co. by 104.3% in the 4th 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 shares of Victoria’s Secret & Co. in the 4th quarter worth approximately $49,000. Finally, Leonteq Securities AG acquired a new stake in shares of Victoria’s Secret & Co. during the 4th quarter worth approximately $54,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Bank of America upgraded shares of Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $58.00 to $68.00 in a research note on Wednesday, April 29th. Telsey Advisory Group increased their price target on shares of Victoria’s Secret & Co. from $71.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Weiss Ratings raised Victoria’s Secret & Co. from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 24th. Barclays raised their target price on 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. Finally, JPMorgan Chase & Co. increased their price objective on Victoria’s Secret & Co. from $88.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. One investment 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 stock. According to MarketBeat.com, Victoria’s Secret & Co. has an average rating of “Moderate Buy” and a consensus price target of $88.70.

Insider Activity at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $89.15, for a total value of $71,223,718.00. Following the completion of the sale, the insider owned 7,810,631 shares of the company’s stock, valued at $696,317,753.65. This trade represents a 9.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 2,500,000 shares of company stock worth $212,353,716 over the last quarter. 0.52% of the stock is owned by corporate insiders.

Victoria’s Secret & Co. Stock Performance

Shares of NYSE:VSXY opened at $89.98 on Thursday. Victoria’s Secret & Co. has a twelve month low of $19.15 and a twelve month high of $91.97. The firm has a market cap of $7.15 billion, a PE ratio of 48.38, a price-to-earnings-growth ratio of 0.70 and a beta of 2.06. 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 business has a fifty day moving average of $79.63 and a 200-day moving average of $62.34.

Victoria’s Secret & Co. (NYSE:VSXY) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.31. Victoria’s Secret & Co. had a net margin of 3.11% and a return on equity of 38.03%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the company earned $0.09 EPS. On average, equities research analysts predict that Victoria’s Secret & Co. will post 4.67 EPS for the current fiscal year.

Victoria’s Secret & Co. Company Profile

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.