International Pte Ltd Bbrc Sells 276,171 Shares of Victoria’s Secret & Co. (NYSE:VSXY) Stock

Victoria’s Secret & Co. (NYSE:VSXY) major shareholder International Pte Ltd Bbrc sold 276,171 shares of the stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $88.50, for a total transaction of $24,441,133.50. Following the transaction, the insider owned 8,899,030 shares in the company, valued at approximately $787,564,155. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares 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 shares were sold at an average price of $80.03, for a total transaction of $2,221,472.74.
• On Tuesday, June 2nd, International Pte Ltd Bbrc sold 1,107,672 shares of Victoria’s Secret & Co. stock. The shares were sold at an average price of $80.11, for a total transaction of $88,735,603.92.

Victoria’s Secret & Co. Price Performance

Shares of VSXY opened at $78.69 on Thursday. 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 company has a 50 day moving average price of $62.97 and a 200-day moving average price of $57.66. Victoria’s Secret & Co. has a fifty-two week low of $17.53 and a fifty-two week high of $88.57. The stock has a market capitalization of $6.25 billion, a PE ratio of 42.31, a PEG ratio of 0.66 and a beta of 2.06.

Victoria’s Secret & Co. (NYSE:VSXY) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.31. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates 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 last year, the company posted $0.09 earnings per share. Equities analysts predict that Victoria’s Secret & Co. will post 4.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Zacks Research raised Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Wall Street Zen downgraded Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 5th. Telsey Advisory Group lifted their target price on Victoria’s Secret & Co. from $71.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. boosted their target price 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. Finally, The Goldman Sachs Group increased their price target on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.60.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Victoria’s Secret & Co. in the fourth quarter valued at about $33,000. Parallel Advisors LLC increased its holdings in shares of Victoria’s Secret & Co. by 666.7% during the first 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. increased its holdings in shares of Victoria’s Secret & Co. by 104.3% during the fourth quarter. Hantz Financial Services Inc. now owns 811 shares of the company’s stock valued at $44,000 after acquiring an additional 414 shares in the last quarter. DV Equities LLC purchased a new position in shares of Victoria’s Secret & Co. in the 4th quarter valued at approximately $49,000. Finally, Leonteq Securities AG purchased a new position in shares of Victoria’s Secret & Co. in the 4th quarter valued at approximately $54,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

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.