Lido Advisors LLC Makes New $301,000 Investment in Victoria’s Secret & Co. $VSXY

Lido Advisors LLC bought a new stake in Victoria’s Secret & Co. (NYSE:VSXY) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,487 shares of the company’s stock, valued at approximately $301,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State of Wyoming grew its position in shares of Victoria’s Secret & Co. by 51.4% during the first quarter. State of Wyoming now owns 11,733 shares of the company’s stock worth $544,000 after buying an additional 3,985 shares in the last quarter. Quantedge Capital Pte Ltd bought a new position in Victoria’s Secret & Co. during the 1st quarter valued at $366,000. PNC Financial Services Group Inc. boosted its stake in Victoria’s Secret & Co. by 14.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,423 shares of the company’s stock valued at $344,000 after acquiring an additional 964 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Victoria’s Secret & Co. by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,943,417 shares of the company’s stock valued at $90,066,000 after acquiring an additional 50,007 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in Victoria’s Secret & Co. by 666.7% during the 1st quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock worth $29,000 after acquiring an additional 540 shares in the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Stock Performance

Shares of VSXY opened at $89.09 on Friday. The stock has a market capitalization of $7.08 billion, a PE ratio of 47.90, a price-to-earnings-growth ratio of 0.69 and a beta of 2.07. The business’s fifty day moving average price is $77.58 and its 200 day moving average price is $61.76. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.26 and a quick ratio of 0.41. Victoria’s Secret & Co. has a 12-month low of $18.04 and a 12-month high of $91.97.

Victoria’s Secret & Co. (NYSE:VSXY) last released its earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.31. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.09 earnings per share. Equities research analysts forecast that Victoria’s Secret & Co. will post 4.67 EPS for the current year.

Insider Activity at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $80.11, for a total transaction of $88,735,603.92. Following the completion of the sale, the insider owned 9,202,959 shares of the company’s stock, valued at $737,249,045.49. This represents a 10.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 2,500,000 shares of company stock valued at $212,353,716. Insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

VSXY has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 5th. Wells Fargo & Company increased their price target on shares of Victoria’s Secret & Co. from $57.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. TD Cowen lifted their price target on Victoria’s Secret & Co. from $50.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday, June 4th. Jefferies Financial Group lowered Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and boosted their price objective for the company from $65.00 to $73.00 in a report on Wednesday, June 3rd. Finally, UBS Group cut Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and upped their price objective for the company from $81.00 to $90.00 in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $88.70.

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.