NFJ Investment Group LLC Has $1.99 Million Stock Holdings in Victoria's Secret & Co. $VSXY

Key Points

• NFJ Investment Group LLC cut its Victoria’s Secret & Co. stake by 48.6% in the fourth quarter, selling 34,730 shares and ending with 36,748 shares valued at about $1.99 million.
• Insider activity was mixed: director Donna James bought 2,175 shares, while major shareholder International Pte Ltd Bbrc sold 27,758 shares in a June transaction.
• Analysts have turned more constructive on the stock, with Goldman Sachs, Bank of America, Barclays and Jefferies all updating targets; the consensus rating is now Moderate Buy with an average price target of $82.60.

NFJ Investment Group LLC lessened its holdings in Victoria's Secret & Co. (NYSE:VSXY - Free Report) by 48.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,748 shares of the company's stock after selling 34,730 shares during the period. NFJ Investment Group LLC's holdings in Victoria's Secret & Co. were worth $1,991,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VSXY. Smartleaf Asset Management LLC grew its stake in shares of Victoria's Secret & Co. by 11.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,935 shares of the company's stock valued at $106,000 after purchasing an additional 199 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Victoria's Secret & Co. by 1.6% in the 4th 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 grew its stake in shares of 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 during the period. Savvy Advisors Inc. grew its stake in shares of Victoria's Secret & Co. by 3.0% in the 3rd quarter. Savvy Advisors Inc. now owns 11,895 shares of the company's stock valued at $323,000 after purchasing an additional 346 shares during the period. Finally, ProShare Advisors LLC grew its stake in shares of Victoria's Secret & Co. by 2.7% in the 4th quarter. ProShare Advisors LLC now owns 13,601 shares of the company's stock valued at $737,000 after purchasing an additional 361 shares during the period. Institutional investors and hedge funds own 90.29% of the company's stock.

Insider Buying and Selling

In other Victoria's Secret & Co. news, Director Donna James acquired 2,175 shares of the company's stock in a transaction that occurred on Thursday, April 2nd. The shares were acquired at an average price of $46.23 per share, with a total value of $100,550.25. Following the purchase, the director owned 63,097 shares of the company's stock, valued at $2,916,974.31. This represents a 3.57% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder International Pte Ltd Bbrc sold 27,758 shares of Victoria's Secret & Co. stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $80.03, for a total value of $2,221,472.74. Following the completion of the sale, the insider directly owned 9,175,201 shares in the company, valued at $734,291,336.03. This represents a 0.30% decrease in their position. The SEC filing for this sale provides additional information. 0.52% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on VSXY shares. The Goldman Sachs Group increased their price target on 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. Bank of America upgraded Victoria's Secret & Co. from a "neutral" rating to a "buy" rating and increased their price objective for the company from $58.00 to $68.00 in a research report on Wednesday, April 29th. Barclays increased their price target 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. Wall Street Zen downgraded Victoria's Secret & Co. from a "strong-buy" rating to a "buy" rating in a research note on Sunday, April 5th. Finally, Jefferies Financial Group downgraded Victoria's Secret & Co. from a "buy" rating to a "hold" rating and increased their price target for the company from $65.00 to $73.00 in a research note 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $82.60.

Victoria's Secret & Co. Stock Performance

Shares of Victoria's Secret & Co. stock opened at $78.49 on Monday. The company has a market capitalization of $6.23 billion, a PE ratio of 42.20, a PEG ratio of 0.62 and a beta of 2.16. Victoria's Secret & Co. has a 12 month low of $17.53 and a 12 month high of $81.28. 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 stock's fifty day simple moving average is $54.79 and its 200 day simple moving average is $54.33.

Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.29 by $0.31. The business 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 last year, the business posted $0.09 EPS. On average, research analysts predict that Victoria's Secret & Co. will post 4.61 EPS for the current year.

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.

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