13,841 Victoria’s Secret & Co. $VSXY Shares Sold by State of Wyoming

State of Wyoming cut its holdings in Victoria’s Secret & Co. (NYSE:VSXY) by 70.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,868 shares of the company’s stock after selling 13,841 shares during the period. State of Wyoming’s holdings in Victoria’s Secret & Co. were worth $519,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC grew its holdings in shares of Victoria’s Secret & Co. by 126.7% in the third quarter. Fortitude Family Office LLC now owns 306 shares of the company’s stock worth $27,000 after purchasing an additional 171 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new position in shares of Victoria’s Secret & Co. during the third quarter valued at about $31,000. Signaturefd LLC raised its position in shares of 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 acquiring an additional 251 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Victoria’s Secret & Co. in the second quarter worth $49,000. Finally, Parallel Advisors LLC grew its position in shares of 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 buying an additional 540 shares during the period. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Victoria’s Secret & Co.

In other news, insider Melinda McAfee sold 2,500 shares of the business’s stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $95.00, for a total transaction of $237,500.00. Following the sale, the insider owned 163,817 shares in the company, valued at approximately $15,562,615. The trade was a 1.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.52% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

Shares of VSXY stock opened at $98.40 on Tuesday. Victoria’s Secret & Co. has a 12-month low of $33.61 and a 12-month high of $102.46. The business’s fifty day simple moving average is $85.74 and its 200-day simple moving average is $69.88. The company has a current ratio of 1.36, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92. The company has a market cap of $7.85 billion, a PE ratio of 28.52, a PEG ratio of 0.64 and a beta of 2.01.

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 the consensus estimate 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 firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts expect that Victoria’s Secret & Co. will post 4.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on VSXY. TD Cowen lifted their target price on shares of Victoria’s Secret & Co. from $75.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, August 18th. Wells Fargo & Company upped their price target on Victoria’s Secret & Co. from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 29th. Zacks Research lowered Victoria’s Secret & Co. from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 11th. Barclays raised their price objective on Victoria’s Secret & Co. from $106.00 to $112.00 and gave the company an “overweight” rating in a research report on Tuesday, October 20th. Finally, Morgan Stanley lifted their price objective on 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. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Victoria’s Secret & Co. Company Profile

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.