Victoria’s Secret & Co. (NYSE:VSXY) Reaches New 1-Year High – Time to Buy?

Victoria’s Secret & Co. (NYSE:VSXY)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $92.22 and last traded at $91.65, with a volume of 215099 shares traded. The stock had previously closed at $89.86.

Analysts Set New Price Targets

Several research firms recently weighed in on VSXY. Telsey Advisory Group lifted their price target on Victoria’s Secret & Co. from $71.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Barclays lifted their target price 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. Wells Fargo & Company boosted their target price on shares of Victoria’s Secret & Co. from $57.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Bank of America upgraded shares of Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and upped their price target for the company from $58.00 to $68.00 in a research note on Wednesday, April 29th. 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 given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Victoria’s Secret & Co. has a consensus rating of “Moderate Buy” and an average target price of $88.70.

Victoria’s Secret & Co. Stock Up 5.6%

The stock has a 50-day moving average of $81.19 and a 200-day moving average of $62.83. 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 firm has a market cap of $7.84 billion, a price-to-earnings ratio of 53.09, a P/E/G ratio of 0.73 and a beta of 2.06.

Victoria’s Secret & Co. (NYSE:VSXY) last issued its earnings results on Tuesday, June 2nd. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.29 by $0.31. Victoria’s Secret & Co. had a net margin of 3.11% and a return on equity of 38.03%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the company earned $0.09 EPS. Sell-side analysts predict that Victoria’s Secret & Co. will post 4.67 EPS for the current fiscal year.

Insider Buying and Selling

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 that occurred on Tuesday, July 28th. The shares were sold at an average price of $89.15, for a total transaction of $71,223,718.00. Following the sale, the insider directly owned 7,810,631 shares of the company’s stock, valued at $696,317,753.65. The trade was a 9.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 2,500,000 shares of company stock worth $212,353,716. 0.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Hedge funds have recently modified their holdings of the business. Parallel Advisors LLC lifted its holdings in Victoria’s Secret & Co. by 666.7% during the 1st quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock worth $29,000 after buying an additional 540 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Victoria’s Secret & Co. in the fourth quarter worth $33,000. Hantz Financial Services Inc. increased its position in Victoria’s Secret & Co. by 104.3% in the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the company’s stock valued at $44,000 after buying an additional 414 shares in the last quarter. DV Equities LLC bought a new stake in shares of Victoria’s Secret & Co. during the fourth quarter valued at approximately $49,000. Finally, Quantbot Technologies LP acquired a new position in Victoria’s Secret & Co. during the third quarter worth $53,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company 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.