Victoria’s Secret & Co. (NYSE:VSXY) Receives $89.00 Consensus Target Price from Brokerages

Shares of Victoria’s Secret & Co. (NYSE:VSXY) have been given a consensus rating of “Hold” by the fourteen ratings firms that are covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $89.00.

Several equities research analysts recently weighed in on VSXY shares. Zacks Research downgraded shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. The Goldman Sachs Group boosted their target price on shares of Victoria’s Secret & Co. from $56.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. BMO Capital Markets started coverage on shares of Victoria’s Secret & Co. in a research report on Tuesday, September 8th. They set a “market perform” rating and a $80.00 target price on the stock. UBS Group lowered their price target on shares of Victoria’s Secret & Co. from $95.00 to $87.00 and set a “neutral” rating for the company in a report on Friday, September 4th. Finally, Wall Street Zen upgraded Victoria’s Secret & Co. from a “hold” rating to a “buy” rating in a research report on Sunday, September 13th.

Victoria’s Secret & Co. Stock Performance

NYSE VSXY opened at $78.07 on Thursday. The stock has a market capitalization of $6.23 billion, a PE ratio of 22.63, a P/E/G ratio of 0.53 and a beta of 2.05. The business has a 50 day simple moving average of $84.77 and a two-hundred day simple moving average of $67.70. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.36 and a quick ratio of 0.57. Victoria’s Secret & Co. has a 1-year low of $25.09 and a 1-year high of $102.46.

Victoria’s Secret & Co. (NYSE:VSXY) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.18. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Victoria’s Secret & Co. had a return on equity of 40.43% and a net margin of 5.46%.The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, research analysts predict that Victoria’s Secret & Co. will post 4.69 EPS for the current fiscal year.

Insider Transactions at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $89.15, for a total value of $71,223,718.00. Following the completion of the sale, the insider directly owned 7,810,631 shares of the company’s stock, valued at $696,317,753.65. This trade represents a 9.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 large investors have recently modified their holdings of the stock. Investors Asset Management of Georgia Inc. GA ADV lifted its position in Victoria’s Secret & Co. by 4.5% in 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 buying an additional 250 shares during the last quarter. Optimize Financial Inc increased its position in Victoria’s Secret & Co. by 1.5% during the fourth quarter. Optimize Financial Inc now owns 23,074 shares of the company’s stock valued at $1,250,000 after acquiring an additional 332 shares during the last quarter. ProShare Advisors LLC increased its position in Victoria’s Secret & Co. by 2.7% during the fourth quarter. ProShare Advisors LLC now owns 13,601 shares of the company’s stock valued at $737,000 after acquiring an additional 361 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Victoria’s Secret & Co. by 48.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,122 shares of the company’s stock valued at $61,000 after acquiring an additional 364 shares during the period. Finally, Meros Investment Management LP raised its stake in shares of Victoria’s Secret & Co. by 4.2% in the fourth quarter. Meros Investment Management LP now owns 9,579 shares of the company’s stock valued at $519,000 after acquiring an additional 388 shares during the period. Institutional investors own 90.29% of the company’s stock.

About Victoria’s Secret & Co.

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.