OP Asset Management Ltd Invests $405,000 in Victoria’s Secret & Co. $VSXY

OP Asset Management Ltd bought a new position in shares of Victoria’s Secret & Co. (NYSE:VSXY) in the first quarter, HoldingsChannel reports. The fund bought 8,743 shares of the company’s stock, valued at approximately $405,000.

Other large investors have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new stake in Victoria’s Secret & Co. in the third quarter valued at $30,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Victoria’s Secret & Co. during the 4th quarter worth about $33,000. Hantz Financial Services Inc. boosted its position in shares of Victoria’s Secret & Co. by 104.3% during the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the company’s stock worth $44,000 after acquiring an additional 414 shares in the last quarter. DV Equities LLC purchased a new position in shares of Victoria’s Secret & Co. in the 4th quarter valued at about $49,000. Finally, Quantbot Technologies LP purchased a new position in shares of Victoria’s Secret & Co. in the 3rd quarter valued at about $53,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on VSXY shares. Barclays raised their target price on Victoria’s Secret & Co. from $67.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. The Goldman Sachs Group raised their price objective on shares of Victoria’s Secret & Co. from $56.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Telsey Advisory Group upped their target price on shares of 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 upgraded shares of Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $58.00 to $68.00 in a research note on Wednesday, April 29th. Finally, Weiss Ratings upgraded shares of Victoria’s Secret & Co. from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Victoria’s Secret & Co. has a consensus rating of “Moderate Buy” and an average target price of $82.60.

Victoria’s Secret & Co. Price Performance

Shares of NYSE:VSXY opened at $83.78 on Wednesday. The company has a 50-day simple moving average of $62.50 and a 200-day simple moving average of $57.48. Victoria’s Secret & Co. has a one year low of $17.53 and a one year high of $88.57. 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 stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 45.04, a PEG ratio of 0.68 and a beta of 2.16.

Victoria’s Secret & Co. (NYSE:VSXY) last released its quarterly earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.31. The firm 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 quarter last year, the company posted $0.09 earnings per share. On average, analysts predict that Victoria’s Secret & Co. will post 4.61 EPS for the current year.

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

In related news, Director Donna James bought 2,175 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were acquired 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 owned 63,097 shares in the company, valued at approximately $2,916,974.31. This trade represents a 3.57% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $80.11, for a total value of $88,735,603.92. Following the sale, the insider owned 9,202,959 shares of the company’s stock, valued at $737,249,045.49. This trade represents a 10.74% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,411,601 shares of company stock worth $115,398,210. 0.52% of the stock is currently owned by insiders.

Victoria’s Secret & Co. 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.