Y Intercept Hong Kong Ltd Buys 81,808 Shares of Victoria’s Secret & Co. $VSXY

Y Intercept Hong Kong Ltd increased its stake in shares of Victoria’s Secret & Co. (NYSE:VSXY) by 770.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,430 shares of the company’s stock after acquiring an additional 81,808 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Victoria’s Secret & Co. were worth $4,285,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently 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 4th quarter worth about $33,000. Hantz Financial Services Inc. lifted its holdings in shares of Victoria’s Secret & Co. by 104.3% in the fourth quarter. Hantz Financial Services Inc. now owns 811 shares of the company’s stock valued at $44,000 after purchasing an additional 414 shares in the last quarter. DV Equities LLC acquired a new position in shares of Victoria’s Secret & Co. during the fourth quarter worth about $49,000. Leonteq Securities AG bought a new position in shares of Victoria’s Secret & Co. during the fourth quarter worth about $54,000. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Victoria’s Secret & Co. by 48.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,122 shares of the company’s stock worth $61,000 after buying an additional 364 shares in the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Trading Down 0.3%

Shares of VSXY stock opened at $76.46 on Monday. The firm has a 50 day moving average price of $63.88 and a two-hundred day moving average price of $57.97. The company has a quick ratio of 0.41, a current ratio of 1.26 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $6.07 billion, a PE ratio of 41.11, a price-to-earnings-growth ratio of 0.61 and a beta of 2.07. Victoria’s Secret & Co. has a 12-month low of $17.53 and a 12-month high of $88.57.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its earnings results 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 for the quarter, compared to the consensus estimate 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 in the prior year, the business earned $0.09 earnings per share. As a group, analysts predict that Victoria’s Secret & Co. will post 4.61 earnings per share for the current year.

Insiders Place Their Bets

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $80.11, for a total transaction of $88,735,603.92. Following the transaction, the insider owned 9,202,959 shares in the company, valued at $737,249,045.49. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 1,411,601 shares of company stock worth $115,398,210. 0.52% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Bank of America raised Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and lifted their target price for the company from $58.00 to $68.00 in a research report on Wednesday, April 29th. Barclays raised their target price on shares of Victoria’s Secret & Co. from $67.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Weiss Ratings upgraded shares of Victoria’s Secret & Co. from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 24th. TD Cowen increased their price target on Victoria’s Secret & Co. from $50.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, June 4th. Finally, Wells Fargo & Company increased their price objective on Victoria’s Secret & Co. from $57.00 to $90.00 and gave the company 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.60.

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.