Goldman Sachs Group Inc. Buys 199,170 Shares of Victoria’s Secret & Co. $VSXY

Goldman Sachs Group Inc. grew its stake in Victoria’s Secret & Co. (NYSE:VSXY) by 11.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,011,366 shares of the company’s stock after acquiring an additional 199,170 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Victoria’s Secret & Co. were worth $108,956,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. AXQ Capital LP bought a new stake in Victoria’s Secret & Co. in the fourth quarter worth $329,000. Norges Bank bought a new stake in Victoria’s Secret & Co. in the fourth quarter worth $248,000. Savant Capital LLC bought a new stake in Victoria’s Secret & Co. in the fourth quarter worth $317,000. Intech Investment Management LLC boosted its holdings in Victoria’s Secret & Co. by 11.9% in the fourth quarter. Intech Investment Management LLC now owns 25,977 shares of the company’s stock worth $1,407,000 after acquiring an additional 2,754 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Victoria’s Secret & Co. by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 1,760,139 shares of the company’s stock worth $95,365,000 after acquiring an additional 47,462 shares in the last quarter. 90.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on VSXY. Zacks Research raised Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Weiss Ratings cut Victoria’s Secret & Co. from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. JPMorgan Chase & Co. boosted their price target on Victoria’s Secret & Co. from $77.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday. Telsey Advisory Group boosted their price target on Victoria’s Secret & Co. from $71.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Finally, Barclays boosted their price target on Victoria’s Secret & Co. from $67.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Victoria’s Secret & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.60.

Victoria’s Secret & Co. Stock Down 1.4%

VSXY stock opened at $75.21 on Wednesday. Victoria’s Secret & Co. has a 1-year low of $17.53 and a 1-year high of $81.28. The business has a fifty day moving average price of $52.90 and a 200-day moving average price of $53.45. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.26 and a quick ratio of 0.54. The stock has a market capitalization of $5.97 billion, a P/E ratio of 40.44, a P/E/G ratio of 0.64 and a beta of 2.16.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.31. Victoria’s Secret & Co. had a return on equity of 38.03% and a net margin of 3.11%.The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the business earned $0.09 earnings per share. Equities analysts forecast that Victoria’s Secret & Co. will post 4.37 earnings per share for the current fiscal year.

Insider Transactions at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the business’s stock in a transaction 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 $737,249,045.49. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Donna James acquired 2,175 shares of Victoria’s Secret & Co. stock in a transaction that occurred on Thursday, April 2nd. The shares were purchased at an average price of $46.23 per share, with a total value of $100,550.25. Following the transaction, the director owned 63,097 shares of the company’s stock, valued at $2,916,974.31. The trade was a 3.57% increase in their position. The disclosure for this purchase is available in the SEC filing. 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.