Victoria’s Secret & Co. (NYSE:VSXY) Raised to “Buy” at Wall Street Zen

Victoria’s Secret & Co. (NYSE:VSXY) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday, Wall Street Zen reports.

VSXY has been the topic of a number of other reports. Jefferies Financial Group downgraded shares of Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and boosted their price target for the stock from $65.00 to $73.00 in a report on Wednesday, June 3rd. UBS Group lowered their price objective on shares of Victoria’s Secret & Co. from $95.00 to $87.00 and set a “neutral” rating on the stock in a research report on Friday, September 4th. 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 note on Wednesday, June 3rd. TD Cowen increased their target price on shares of Victoria’s Secret & Co. from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, August 18th. Finally, Morgan Stanley raised their price target on shares of Victoria’s Secret & Co. from $99.00 to $101.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.00.

Victoria’s Secret & Co. Stock Down 1.6%

Victoria’s Secret & Co. stock opened at $74.47 on Friday. Victoria’s Secret & Co. has a fifty-two week low of $25.09 and a fifty-two week high of $102.46. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 1.36. The firm’s 50-day simple moving average is $84.91 and its 200 day simple moving average is $67.38. The stock has a market cap of $5.94 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 0.51 and a beta of 2.05.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.77 by $0.18. Victoria’s Secret & Co. had a net margin of 5.46% and a return on equity of 40.43%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. Research analysts predict that Victoria’s Secret & Co. will post 4.69 EPS for the current fiscal year.

Insider Buying and Selling at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the company’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 sale, the insider directly owned 7,810,631 shares in the company, valued at $696,317,753.65. This represents a 9.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold 1,364,570 shares of company stock worth $121,396,640 in the last quarter. Corporate insiders own 0.52% of the company’s stock.

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

Several hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Victoria’s Secret & Co. by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 1,760,139 shares of the company’s stock valued at $95,365,000 after buying an additional 47,462 shares in the last quarter. Landscape Capital Management L.L.C. grew its position in Victoria’s Secret & Co. by 47.5% in the fourth quarter. Landscape Capital Management L.L.C. now owns 177,423 shares of the company’s stock worth $9,611,000 after acquiring an additional 57,133 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Victoria’s Secret & Co. by 212.4% in the first quarter. Sequoia Financial Advisors LLC now owns 18,754 shares of the company’s stock worth $869,000 after acquiring an additional 12,750 shares in the last quarter. California State Teachers Retirement System increased its stake in Victoria’s Secret & Co. by 23.5% in the first quarter. California State Teachers Retirement System now owns 84,333 shares of the company’s stock valued at $3,910,000 after acquiring an additional 16,044 shares during the last quarter. Finally, Apollon Wealth Management LLC bought a new position in Victoria’s Secret & Co. in the first quarter valued at $940,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co is a specialty retailer focused on intimate apparel, lingerie, beauty products and related accessories. Its portfolio includes the Victoria’s Secret brand, which offers bras, panties, sleepwear, swimwear, apparel, fragrances and body-care products, and PINK, which targets younger consumers with lingerie, loungewear, apparel, beauty products and accessories.

The company also owns Adore Me, a digitally focused intimates brand offering lingerie and related apparel.