Maven Securities LTD Takes Position in Victoria’s Secret & Co. $VSXY

Maven Securities LTD acquired a new stake in shares of Victoria’s Secret & Co. (NYSE:VSXY) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 15,000 shares of the company’s stock, valued at approximately $813,000.

A number of other large investors also recently bought and sold shares of VSXY. Smartleaf Asset Management LLC lifted its holdings 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 worth $106,000 after buying an additional 199 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Victoria’s Secret & Co. by 1.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,308 shares of the company’s stock worth $992,000 after purchasing an additional 286 shares during the last quarter. Optimize Financial Inc lifted its stake in shares of Victoria’s Secret & Co. by 1.5% during the 4th quarter. Optimize Financial Inc now owns 23,074 shares of the company’s stock worth $1,250,000 after purchasing an additional 332 shares during the last quarter. Savvy Advisors Inc. lifted its stake in shares of Victoria’s Secret & Co. by 3.0% during the 3rd quarter. Savvy Advisors Inc. now owns 11,895 shares of the company’s stock worth $323,000 after purchasing an additional 346 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in Victoria’s Secret & Co. by 2.7% during the 4th quarter. ProShare Advisors LLC now owns 13,601 shares of the company’s stock valued at $737,000 after buying an additional 361 shares in the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Victoria’s Secret & Co. from $77.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. 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 report on Wednesday, June 3rd. Bank of America raised 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 report on Wednesday, April 29th. 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 report on Wednesday, June 3rd. Finally, TD Cowen increased their price objective on Victoria’s Secret & Co. from $50.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.60.

Insider Buying and Selling

In related news, Director Anne Sheehan bought 4,842 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were purchased at an average cost of $45.86 per share, with a total value of $222,054.12. Following the completion of the acquisition, the director directly owned 34,261 shares in the company, valued at approximately $1,571,209.46. The trade was a 16.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder International Pte Ltd Bbrc sold 27,758 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $80.03, for a total value of $2,221,472.74. Following the sale, the insider directly owned 9,175,201 shares in the company, valued at approximately $734,291,336.03. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.52% of the stock is owned by corporate insiders.

Victoria’s Secret & Co. Stock Up 0.6%

Shares of VSXY stock opened at $79.38 on Tuesday. The stock’s 50-day simple moving average is $55.46 and its 200-day simple moving average is $54.62. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 1.26. The firm has a market capitalization of $6.31 billion, a PE ratio of 42.68, a P/E/G ratio of 0.62 and a beta of 2.16. Victoria’s Secret & Co. has a fifty-two week low of $17.53 and a fifty-two week high of $82.96.

Victoria’s Secret & Co. (NYSE:VSXY) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $0.60 earnings per share 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 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 prior year, the company earned $0.09 earnings per share. Equities analysts expect that Victoria’s Secret & Co. will post 4.61 earnings per share 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.