Wellington Management Group LLP Makes New $5.80 Million Investment in Victoria's Secret & Co. $VSXY

Key Points

• Wellington Management purchased 69,513 shares of Victoria’s Secret & Co. worth approximately $5.8 million, taking a 0.09% stake. Institutional investors collectively own 90.29% of the company.
• Victoria’s Secret reported quarterly EPS of $0.95, exceeding the $0.77 analyst consensus, while revenue rose 10.4% year over year to $1.61 billion, slightly below estimates.
• The stock opened at $76.28, down 2.8%, while analysts maintained a “Moderate Buy” consensus with an average price target of $89; insiders sold $121.4 million of shares over the past three months.

Wellington Management Group LLP purchased a new position in shares of Victoria's Secret & Co. (NYSE:VSXY - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 69,513 shares of the company's stock, valued at approximately $5,803,000. Wellington Management Group LLP owned 0.09% of Victoria's Secret & Co. as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Baird Financial Group Inc. acquired a new position in Victoria's Secret & Co. during the 1st quarter worth about $233,000. Royal Bank of Canada grew its position in Victoria's Secret & Co. by 279.1% in the 1st quarter. Royal Bank of Canada now owns 47,839 shares of the company's stock valued at $888,000 after acquiring an additional 35,220 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Victoria's Secret & Co. by 2.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,949 shares of the company's stock valued at $1,170,000 after acquiring an additional 1,797 shares in the last quarter. Invesco Ltd. increased its stake in Victoria's Secret & Co. by 8.0% during the second quarter. Invesco Ltd. now owns 772,884 shares of the company's stock worth $14,314,000 after purchasing an additional 57,048 shares during the period. Finally, First Trust Advisors LP increased its stake in Victoria's Secret & Co. by 194.4% during the second quarter. First Trust Advisors LP now owns 152,625 shares of the company's stock worth $2,827,000 after purchasing an additional 100,787 shares during the period. 90.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Victoria's Secret & Co.

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 7,810,631 shares in the company, valued at $696,317,753.65. This represents a 9.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 1,364,570 shares of company stock valued at $121,396,640 over the last three months. Corporate insiders own 0.52% of the company's stock.

Victoria's Secret & Co. Stock Down 2.8%

Shares of NYSE VSXY opened at $76.28 on Thursday. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 0.53 and a beta of 2.05. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.36 and a quick ratio of 0.41. The business has a 50-day moving average of $85.05 and a two-hundred day moving average of $67.13. Victoria's Secret & Co. has a 1 year low of $25.09 and a 1 year high of $102.46.

Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.18. Victoria's Secret & Co. had a return on equity of 40.43% and a net margin of 5.46%.The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. The business's revenue was up 10.4% on a year-over-year basis. On average, analysts forecast that Victoria's Secret & Co. will post 4.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VSXY. UBS Group reduced their price target on shares of Victoria's Secret & Co. from $95.00 to $87.00 and set a "neutral" rating on the stock in a research report on Friday, September 4th. TD Cowen upped their target price on shares of Victoria's Secret & Co. from $75.00 to $80.00 and gave the stock a "hold" rating in a research note on Tuesday, August 18th. JPMorgan Chase & Co. increased their target price on shares of Victoria's Secret & Co. from $88.00 to $110.00 and gave the stock an "overweight" rating in a report on Tuesday, July 28th. Wells Fargo & Company raised their price target on shares of Victoria's Secret & Co. from $57.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, June 3rd. Finally, Morgan Stanley boosted their price target on shares of Victoria's Secret & Co. from $99.00 to $101.00 and gave the stock an "overweight" rating in a research note on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $89.00.

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.

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