Victoria’s Secret & Co. $VSXY Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its position in Victoria’s Secret & Co. (NYSE:VSXY) by 50.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 65,064 shares of the company’s stock after selling 66,565 shares during the quarter. First Trust Advisors LP’s holdings in Victoria’s Secret & Co. were worth $3,016,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VSXY. Bbfit Investments PTE Ltd. acquired a new position in Victoria’s Secret & Co. in the 4th quarter worth $558,521,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Victoria’s Secret & Co. during the fourth quarter valued at about $87,786,000. Marshall Wace LLP grew its stake in shares of Victoria’s Secret & Co. by 301.4% during the fourth quarter. Marshall Wace LLP now owns 1,792,727 shares of the company’s stock valued at $97,112,000 after acquiring an additional 1,346,104 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Victoria’s Secret & Co. by 1,454.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,045,465 shares of the company’s stock worth $56,634,000 after acquiring an additional 978,194 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Victoria’s Secret & Co. during the third quarter worth about $20,870,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Stock Performance

Shares of Victoria’s Secret & Co. stock opened at $93.60 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 1.26. Victoria’s Secret & Co. has a 1 year low of $20.48 and a 1 year high of $94.34. The firm’s 50-day simple moving average is $80.31 and its 200-day simple moving average is $62.58. The firm has a market cap of $7.43 billion, a PE ratio of 50.32, a price-to-earnings-growth ratio of 0.70 and a beta of 2.06.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on VSXY shares. Jefferies Financial Group downgraded Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and increased their price target for the company from $65.00 to $73.00 in a report on Wednesday, June 3rd. Barclays lifted their price objective on Victoria’s Secret & Co. from $67.00 to $108.00 and gave the stock an “overweight” 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 upped their target price for the company from $58.00 to $68.00 in a research report on Wednesday, April 29th. UBS Group cut Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and increased their target price for the company from $81.00 to $90.00 in a research note on Wednesday, June 3rd. Finally, The Goldman Sachs Group raised their price target on shares of Victoria’s Secret & Co. from $56.00 to $84.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.70.

Insider Buying and Selling

In other news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of Victoria’s Secret & Co. 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 completion of the transaction, the insider owned 9,202,959 shares in the company, valued at approximately $737,249,045.49. This trade represents a 10.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 2,500,000 shares of company stock worth $212,353,716. Company insiders own 0.52% of the company’s stock.

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.