33,750 Shares in Victoria's Secret & Co. $VSXY Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems acquired 33,750 shares of Victoria’s Secret & Co., valued at approximately $2.82 million. Institutional investors collectively own 90.29% of the company.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $89, above its recent $73.18 opening price.
• Victoria’s Secret exceeded quarterly earnings expectations with $0.95 in EPS versus the $0.77 estimate, while revenue rose 10.4% year over year to $1.61 billion. However, insiders have sold more than 1.36 million shares over the past 90 days.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Victoria's Secret & Co. (NYSE:VSXY - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 33,750 shares of the company's stock, valued at approximately $2,817,000.

Several other institutional investors have also added to or reduced their stakes in VSXY. Smartleaf Asset Management LLC boosted its position in Victoria's Secret & Co. by 11.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,935 shares of the company's stock worth $106,000 after purchasing an additional 199 shares during the period. Maryland State Retirement & Pension System increased its stake in shares of Victoria's Secret & Co. by 2.1% in 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. Investors Asset Management of Georgia Inc. GA ADV raised its position in shares of Victoria's Secret & Co. by 4.5% in the first quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,755 shares of the company's stock valued at $267,000 after purchasing an additional 250 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of 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. Finally, Optimize Financial Inc lifted its stake in shares of Victoria's Secret & Co. by 1.5% during the 4th quarter. Optimize Financial Inc now owns 23,074 shares of the company's stock valued at $1,250,000 after buying an additional 332 shares in the last quarter. 90.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. BMO Capital Markets initiated coverage on shares of Victoria's Secret & Co. in a report on Tuesday. They issued a "market perform" rating and a $80.00 price objective for the company. Weiss Ratings raised shares of Victoria's Secret & Co. from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday. Wall Street Zen downgraded Victoria's Secret & Co. from a "buy" rating to a "hold" rating in a research report on Saturday, September 5th. Barclays cut their price target on Victoria's Secret & Co. from $108.00 to $106.00 and set an "overweight" rating for the company in a report on Friday, September 4th. Finally, TD Cowen lifted their price target on Victoria's Secret & Co. from $75.00 to $80.00 and gave the company a "hold" rating in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $89.00.

Insider Buying and Selling

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the firm's stock in a transaction 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 transaction, the insider directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 1,364,570 shares of company stock valued at $121,396,640. 0.52% of the stock is owned by company insiders.

Victoria's Secret & Co. Trading Down 3.4%

Shares of Victoria's Secret & Co. stock opened at $73.18 on Friday. The company's 50-day moving average price is $84.99 and its 200-day moving average price is $67.19. The company has a current ratio of 1.36, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. Victoria's Secret & Co. has a 12-month low of $25.09 and a 12-month high of $102.46. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 0.51 and a beta of 2.05.

Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.77 by $0.18. The company had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.62 billion. Victoria's Secret & Co. had a net margin of 5.46% and a return on equity of 40.43%. The business's quarterly revenue was up 10.4% on a year-over-year basis. On average, equities analysts expect that Victoria's Secret & Co. will post 4.72 earnings per share for the current fiscal year.

Victoria's Secret & Co. Company Profile

Victoria's Secret & Co is a specialty retailer focused on intimate apparel, lingerie, beauty products and related accessories. Its portfolio includes the Victoria's Secret brand, which offers bras, panties, sleepwear, swimwear, apparel, fragrances and body-care products, and PINK, which targets younger consumers with lingerie, loungewear, apparel, beauty products and accessories.

The company also owns Adore Me, a digitally focused intimates brand offering lingerie and related apparel.

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