Victoria’s Secret & Co. $VSXY Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Trims Stake

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its stake in Victoria’s Secret & Co. (NYSE:VSXY) by 30.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,350 shares of the company’s stock after selling 10,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Victoria’s Secret & Co. were worth $2,066,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of VSXY. Fortitude Family Office LLC boosted its position in Victoria’s Secret & Co. by 126.7% during the 3rd quarter. Fortitude Family Office LLC now owns 306 shares of the company’s stock worth $27,000 after acquiring an additional 171 shares during the period. Parallel Advisors LLC increased its stake in Victoria’s Secret & Co. by 666.7% in the 1st quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock worth $29,000 after purchasing an additional 540 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in Victoria’s Secret & Co. during the 3rd quarter valued at $31,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Victoria’s Secret & Co. during the second quarter worth approximately $49,000. Finally, Signaturefd LLC increased its position in Victoria’s Secret & Co. by 83.4% in the 3rd quarter. Signaturefd LLC now owns 552 shares of the company’s stock worth $49,000 after purchasing an additional 251 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Insiders Place Their Bets

In other news, insider Melinda McAfee sold 7,000 shares of Victoria’s Secret & Co. stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $98.90, for a total transaction of $692,300.00. Following the transaction, the insider directly owned 156,817 shares of the company’s stock, valued at $15,509,201.30. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 14,000 shares of company stock worth $1,339,750. 0.52% of the stock is owned by company insiders.

Victoria’s Secret & Co. Stock Up 2.2%

NYSE VSXY opened at $100.68 on Wednesday. The stock’s 50 day simple moving average is $86.01 and its 200 day simple moving average is $70.07. Victoria’s Secret & Co. has a one year low of $33.61 and a one year high of $102.46. The firm has a market cap of $8.03 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 0.66 and a beta of 2.11. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.36 and a quick ratio of 0.57.

Victoria’s Secret & Co. (NYSE:VSXY) last announced its earnings results on Thursday, September 3rd. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.18. Victoria’s Secret & Co. had a net margin of 5.46% and a return on equity of 40.43%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. Victoria’s Secret & Co.’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, sell-side analysts forecast that Victoria’s Secret & Co. will post 4.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. TD Cowen upped their price objective on shares of 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. Needham & Company LLC started coverage on Victoria’s Secret & Co. in a report on Friday, October 16th. They set a “buy” rating and a $106.00 price objective for the company. Morgan Stanley boosted their target price on shares of Victoria’s Secret & Co. from $101.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, October 19th. UBS Group lowered their target price on shares of Victoria’s Secret & Co. from $95.00 to $87.00 and set a “neutral” rating on the stock in a report on Friday, September 4th. Finally, Weiss Ratings upgraded shares of Victoria’s Secret & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $93.67.

About Victoria’s Secret & Co.

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

The company also operates Adore Me, a digitally focused intimates brand known for a broad range of sizes and subscription-based shopping options.