Louisiana State Employees Retirement System Invests $1.65 Million in Victoria’s Secret & Co. $VSXY

Louisiana State Employees Retirement System purchased a new position in shares of Victoria’s Secret & Co. (NYSE:VSXY) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 35,600 shares of the company’s stock, valued at approximately $1,650,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in Victoria’s Secret & Co. by 11.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,935 shares of the company’s stock worth $106,000 after buying an additional 199 shares during the last quarter. Maryland State Retirement & Pension System raised its holdings in Victoria’s Secret & Co. by 2.1% during the fourth quarter. Maryland State Retirement & Pension System now owns 11,725 shares of the company’s stock worth $635,000 after purchasing an additional 245 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Victoria’s Secret & Co. by 1.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 18,308 shares of the company’s stock valued at $992,000 after purchasing an additional 286 shares during the period. Optimize Financial Inc boosted its holdings in Victoria’s Secret & Co. by 1.5% in the 4th quarter. Optimize Financial Inc now owns 23,074 shares of the company’s stock valued at $1,250,000 after purchasing an additional 332 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in Victoria’s Secret & Co. by 2.7% during the 4th quarter. ProShare Advisors LLC now owns 13,601 shares of the company’s stock worth $737,000 after purchasing an additional 361 shares during the period. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 9,202,959 shares of the company’s stock, valued at approximately $737,249,045.49. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 1,411,601 shares of company stock worth $115,398,210 over the last ninety days. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on VSXY. Weiss Ratings raised Victoria’s Secret & Co. from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 24th. The Goldman Sachs Group boosted 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 research report on Wednesday, June 3rd. Barclays increased their price target on shares of Victoria’s Secret & Co. from $67.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. UBS Group lowered shares of Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and upped their target price for the stock from $81.00 to $90.00 in a research report on Wednesday, June 3rd. Finally, TD Cowen lifted their price objective on Victoria’s Secret & Co. from $50.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.60.

Victoria’s Secret & Co. Stock Performance

Victoria’s Secret & Co. stock opened at $78.69 on Thursday. Victoria’s Secret & Co. has a 52 week low of $17.53 and a 52 week high of $88.57. The stock has a fifty day moving average price of $62.97 and a 200 day moving average price of $57.66. The company has a current ratio of 1.26, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $6.25 billion, a P/E ratio of 42.31, a PEG ratio of 0.66 and a beta of 2.06.

Victoria’s Secret & Co. (NYSE:VSXY) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $0.60 earnings per share 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 analyst estimates of $1.52 billion. During the same period in the prior year, the firm posted $0.09 EPS. Equities research analysts anticipate that Victoria’s Secret & Co. will post 4.61 earnings per share for the current year.

Victoria’s Secret & Co. 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.