Night Squared LP Invests $5.38 Million in Victoria’s Secret & Co. $VSXY

Night Squared LP acquired a new position in Victoria’s Secret & Co. (NYSE:VSXY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 99,236 shares of the company’s stock, valued at approximately $5,376,000. Night Squared LP owned about 0.12% of Victoria’s Secret & Co. as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in VSXY. Baird Financial Group Inc. bought a new stake in Victoria’s Secret & Co. during the 1st quarter valued at $233,000. Royal Bank of Canada raised its holdings in Victoria’s Secret & Co. by 279.1% during the 1st quarter. Royal Bank of Canada now owns 47,839 shares of the company’s stock valued at $888,000 after buying an additional 35,220 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Victoria’s Secret & Co. by 2.9% during 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 buying an additional 1,797 shares during the last quarter. Invesco Ltd. raised its holdings in Victoria’s Secret & Co. by 8.0% during the 2nd quarter. Invesco Ltd. now owns 772,884 shares of the company’s stock valued at $14,314,000 after buying an additional 57,048 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Victoria’s Secret & Co. by 194.4% during the 2nd quarter. First Trust Advisors LP now owns 152,625 shares of the company’s stock valued at $2,827,000 after buying an additional 100,787 shares during the last quarter. 90.29% of the stock is currently owned by institutional investors.

Victoria’s Secret & Co. Stock Down 0.8%

Shares of Victoria’s Secret & Co. stock opened at $78.75 on Wednesday. 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 company’s fifty day simple moving average is $56.12 and its two-hundred day simple moving average is $54.89. The company has a market cap of $6.26 billion, a P/E ratio of 42.34, a PEG ratio of 0.63 and a beta of 2.16. Victoria’s Secret & Co. has a 12-month low of $17.53 and a 12-month high of $82.96.

Victoria’s Secret & Co. (NYSE:VSXY) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 3.11% and a return on equity of 38.03%. During the same period in the previous year, the firm earned $0.09 EPS. Research analysts anticipate that Victoria’s Secret & Co. will post 4.61 EPS for the current year.

Insiders Place Their Bets

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 27,758 shares of the firm’s 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 trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Donna James acquired 2,175 shares of the stock in a transaction on Thursday, April 2nd. The stock was bought at an average price of $46.23 per share, with a total value of $100,550.25. Following the completion of the acquisition, the director directly owned 63,097 shares of the company’s stock, valued at $2,916,974.31. This trade represents a 3.57% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

VSXY has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price target on shares of Victoria’s Secret & Co. from $56.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. UBS Group lowered shares of Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and upped their price target for the company from $81.00 to $90.00 in a report on Wednesday, June 3rd. Wall Street Zen lowered shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 5th. Bank of America upgraded shares of Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and upped their price target for the company from $58.00 to $68.00 in a report on Wednesday, April 29th. Finally, Wells Fargo & Company upped 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 report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.60.

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.