NFJ Investment Group LLC Has $1.99 Million Stake in Victoria’s Secret & Co. $VSXY

NFJ Investment Group LLC decreased its position in Victoria’s Secret & Co. (NYSE:VSXY) by 48.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 36,748 shares of the company’s stock after selling 34,730 shares during the period. NFJ Investment Group LLC’s holdings in Victoria’s Secret & Co. were worth $1,991,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in shares of Victoria’s Secret & Co. by 11.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,935 shares of the company’s stock valued at $106,000 after purchasing an additional 199 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Victoria’s Secret & Co. by 1.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,308 shares of the company’s stock valued at $992,000 after purchasing an additional 286 shares during the period. Optimize Financial Inc raised its stake in shares of Victoria’s Secret & Co. by 1.5% in the 4th quarter. Optimize Financial Inc now owns 23,074 shares of the company’s stock valued at $1,250,000 after purchasing an additional 332 shares during the period. Savvy Advisors Inc. raised its stake in shares of Victoria’s Secret & Co. by 3.0% in the 3rd quarter. Savvy Advisors Inc. now owns 11,895 shares of the company’s stock valued at $323,000 after purchasing an additional 346 shares during the period. Finally, ProShare Advisors LLC raised its stake in shares of Victoria’s Secret & Co. by 2.7% in the 4th quarter. ProShare Advisors LLC now owns 13,601 shares of the company’s stock valued at $737,000 after purchasing an additional 361 shares during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of Victoria’s Secret & Co. stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $80.11, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anne Sheehan purchased 4,842 shares of Victoria’s Secret & Co. stock in a transaction that occurred on Thursday, April 2nd. The shares were acquired at an average price of $45.86 per share, with a total value of $222,054.12. Following the acquisition, the director directly owned 34,261 shares of the company’s stock, valued at $1,571,209.46. This trade represents a 16.46% increase in their position. The SEC filing for this purchase provides additional information. 0.52% of the stock is currently owned by corporate insiders.

Victoria’s Secret & Co. Price Performance

NYSE:VSXY opened at $78.49 on Monday. Victoria’s Secret & Co. has a 52-week low of $17.53 and a 52-week high of $81.28. 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 company has a market cap of $6.23 billion, a P/E ratio of 42.20, a P/E/G ratio of 0.62 and a beta of 2.16. The stock’s 50-day simple moving average is $54.79 and its 200 day simple moving average is $54.33.

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. Victoria’s Secret & Co. had a return on equity of 38.03% and a net margin of 3.11%.The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter last year, the company posted $0.09 earnings per share. As a group, sell-side analysts forecast that Victoria’s Secret & Co. will post 4.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Victoria’s Secret & Co. from $77.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. TD Cowen lifted their target price on Victoria’s Secret & Co. from $50.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, June 4th. Zacks Research raised Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Wall Street Zen downgraded Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 5th. Finally, Jefferies Financial Group downgraded Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and lifted their target price for the company from $65.00 to $73.00 in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Victoria’s Secret & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.60.

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.