Squarepoint Ops LLC Invests $39.80 Million in Victoria’s Secret & Co. $VSXY

Squarepoint Ops LLC purchased a new stake in shares of Victoria’s Secret & Co. (NYSE:VSXY) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 476,797 shares of the company’s stock, valued at approximately $39,803,000. Squarepoint Ops LLC owned approximately 0.60% of Victoria’s Secret & Co. at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Baird Financial Group Inc. bought a new position in Victoria’s Secret & Co. in the 2nd quarter worth about $30,622,000. Allworth Financial LP purchased a new position in Victoria’s Secret & Co. in the second quarter worth about $278,000. Arizona State Retirement System bought a new position in shares of Victoria’s Secret & Co. in the second quarter worth approximately $1,576,000. Nykredit A S bought a new position in shares of Victoria’s Secret & Co. in the second quarter worth approximately $187,000. Finally, Corient Private Wealth LP purchased a new stake in shares of Victoria’s Secret & Co. during the second quarter valued at approximately $577,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Insider Transactions at Victoria’s Secret & Co.

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $89.15, for a total transaction of $71,223,718.00. Following the completion of the sale, the insider owned 7,810,631 shares of the company’s stock, valued at approximately $696,317,753.65. The trade was a 9.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 1,364,570 shares of company stock worth $121,396,640 over the last three months. Insiders own 0.52% of the company’s stock.

Victoria’s Secret & Co. Stock Up 3.0%

VSXY opened at $77.80 on Wednesday. The firm’s 50 day simple moving average is $85.10 and its two-hundred day simple moving average is $67.03. The company has a market capitalization of $6.18 billion, a PE ratio of 27.49, a PEG ratio of 0.51 and a beta of 2.05. Victoria’s Secret & Co. has a 1-year low of $25.00 and a 1-year high of $102.46. The company has a current ratio of 1.26, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17.

Victoria’s Secret & Co. (NYSE:VSXY) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.18. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. Victoria’s Secret & Co. had a net margin of 5.46% and a return on equity of 43.36%. The business’s revenue was up 10.4% on a year-over-year basis. As a group, equities analysts forecast that Victoria’s Secret & Co. will post 4.72 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on VSXY. Barclays reduced their price target on shares of Victoria’s Secret & Co. from $108.00 to $106.00 and set an “overweight” rating for the company in a research report on Friday, September 4th. Weiss Ratings raised Victoria’s Secret & Co. from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 24th. BMO Capital Markets initiated coverage on shares of Victoria’s Secret & Co. in a research note on Tuesday. They set a “market perform” rating and a $80.00 target price on the stock. UBS Group lowered their price target on Victoria’s Secret & Co. from $95.00 to $87.00 and set a “neutral” rating on the stock in a report on Friday, September 4th. Finally, The Goldman Sachs Group upped their price objective on Victoria’s Secret & Co. from $56.00 to $84.00 and gave the company 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 seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.00.

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.