Victoria’s Secret & Co. (NYSE:VSXY) Hits New 52-Week High – Time to Buy?

Shares of Victoria’s Secret & Co. (NYSE:VSXY) hit a new 52-week high during trading on Monday . The company traded as high as $82.91 and last traded at $81.88, with a volume of 171789 shares trading hands. The stock had previously closed at $78.88.

Analyst Ratings Changes

VSXY has been the topic of several recent analyst reports. Zacks Research upgraded shares of Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Barclays lifted their price target 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. 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 report on Wednesday, June 3rd. Weiss Ratings cut Victoria’s Secret & Co. from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Finally, Wells Fargo & Company lifted their target price on Victoria’s Secret & Co. from $57.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. One 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 stock presently has an average rating of “Moderate Buy” and an average target price of $82.60.

Victoria’s Secret & Co. Price Performance

The company’s 50-day moving average price is $54.79 and its two-hundred day moving average price is $54.33. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.26 and a quick ratio of 0.41. The company has a market capitalization of $6.25 billion, a P/E ratio of 42.29, a price-to-earnings-growth ratio of 0.62 and a beta of 2.16.

Victoria’s Secret & Co. (NYSE:VSXY) last announced its earnings results on Tuesday, June 2nd. The company reported $0.60 EPS for the quarter, topping the consensus estimate 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 net margin of 3.11% and a return on equity of 38.03%. During the same quarter in the previous year, the firm posted $0.09 EPS. As a group, sell-side analysts expect that Victoria’s Secret & Co. will post 4.61 EPS for the current year.

Insider Transactions at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc sold 27,758 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $80.03, for a total value of $2,221,472.74. Following the transaction, the insider owned 9,175,201 shares of the company’s stock, valued at approximately $734,291,336.03. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anne Sheehan bought 4,842 shares of the stock in a transaction dated Thursday, April 2nd. The shares were purchased at an average price of $45.86 per share, for a total transaction of $222,054.12. Following the purchase, the director 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 disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in VSXY. Smartleaf Asset Management LLC lifted its holdings in shares of Victoria’s Secret & Co. by 11.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,935 shares of the company’s stock worth $106,000 after buying an additional 199 shares in the last quarter. Maryland State Retirement & Pension System increased its position in Victoria’s Secret & Co. by 2.1% during the fourth quarter. Maryland State Retirement & Pension System now owns 11,725 shares of the company’s stock worth $635,000 after acquiring an additional 245 shares during the period. Investors Asset Management of Georgia Inc. GA ADV increased its position in Victoria’s Secret & Co. by 4.5% during the first quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,755 shares of the company’s stock worth $267,000 after acquiring an additional 250 shares during the period. Oregon Public Employees Retirement Fund raised its stake in 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 worth $992,000 after purchasing an additional 286 shares in the last quarter. Finally, Optimize Financial Inc raised its stake in Victoria’s Secret & Co. by 1.5% in the 4th quarter. Optimize Financial Inc now owns 23,074 shares of the company’s stock worth $1,250,000 after purchasing an additional 332 shares in the last quarter. Institutional investors own 90.29% of the company’s stock.

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.