Aigen Investment Management LP Takes $1.59 Million Position in Victoria's Secret & Co. $VSXY

Key Points

• Aigen Investment Management bought a new stake in Victoria's Secret & Co., purchasing 29,301 shares worth about $1.59 million in the fourth quarter.
• Several other hedge funds also boosted or initiated positions, and institutional investors now own 90.29% of the company’s stock.
• Victoria's Secret beat quarterly expectations with $0.60 EPS versus $0.29 expected and revenue of $1.56 billion, while analysts currently rate the stock a Moderate Buy with an average price target of $82.60.

Aigen Investment Management LP purchased a new stake in Victoria's Secret & Co. (NYSE:VSXY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 29,301 shares of the company's stock, valued at approximately $1,587,000.

A number of other hedge funds have also made changes to their positions in VSXY. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Victoria's Secret & Co. in the fourth quarter valued at $87,786,000. Marshall Wace LLP increased its position in shares of Victoria's Secret & Co. by 301.4% in the fourth quarter. Marshall Wace LLP now owns 1,792,727 shares of the company's stock valued at $97,112,000 after buying an additional 1,346,104 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Victoria's Secret & Co. in the third quarter valued at $20,870,000. Bridgeway Capital Management LLC acquired a new stake in shares of Victoria's Secret & Co. during the third quarter valued at $17,644,000. Finally, Cramer Rosenthal Mcglynn LLC boosted its stake in shares of Victoria's Secret & Co. by 32.0% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 2,363,850 shares of the company's stock valued at $64,155,000 after acquiring an additional 572,844 shares during the last quarter. Hedge funds and other institutional investors own 90.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VSXY. Telsey Advisory Group increased their price objective 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. Barclays increased their price objective on Victoria's Secret & Co. from $67.00 to $108.00 and gave the company an "overweight" rating in a research note on Wednesday, June 3rd. Zacks Research raised Victoria's Secret & Co. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 10th. Wall Street Zen lowered Victoria's Secret & Co. from a "strong-buy" rating to a "buy" rating in a research note on Sunday, April 5th. Finally, The Goldman Sachs Group increased their price objective on Victoria's Secret & Co. from $56.00 to $84.00 and gave the company a "neutral" rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $82.60.

Insider Activity

In other news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of Victoria's Secret & Co. stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $80.11, for a total value of $88,735,603.92. Following the transaction, the insider directly owned 9,202,959 shares of the company's stock, valued at $737,249,045.49. The trade was a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Anne Sheehan acquired 4,842 shares of Victoria's Secret & Co. stock in a transaction dated Thursday, April 2nd. The stock was purchased at an average cost of $45.86 per share, for a total transaction of $222,054.12. Following the completion of the purchase, the director directly owned 34,261 shares in the company, valued at approximately $1,571,209.46. This represents a 16.46% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.52% of the company's stock.

Victoria's Secret & Co. Stock Performance

NYSE VSXY opened at $78.49 on Friday. The firm has a market capitalization of $6.23 billion, a P/E ratio of 42.20, a P/E/G ratio of 0.62 and a beta of 2.16. Victoria's Secret & Co. has a 1-year low of $17.53 and a 1-year high of $81.28. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.26 and a quick ratio of 0.54. The business's 50-day simple moving average is $54.79 and its 200-day simple moving average is $54.21.

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

About Victoria's Secret & Co.

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.

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