Victoria’s Secret & Co. (VSXY) – What Are Investment Firms Saying About This Stock?

Victoria’s Secret & Co. (NYSE:VSXY) has been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are presently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $91.25.

A number of equities analysts recently commented on VSXY shares. Barclays decreased their target price on Victoria’s Secret & Co. from $108.00 to $106.00 and set an “overweight” rating on the stock in a report on Friday, September 4th. Morgan Stanley boosted their price target on Victoria’s Secret & Co. from $99.00 to $101.00 and gave the company an “overweight” rating in a report on Friday, September 4th. JPMorgan Chase & Co. upped their price target on Victoria’s Secret & Co. from $88.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Wells Fargo & Company raised their price objective on Victoria’s Secret & Co. from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 29th. Finally, UBS Group lowered their price objective on 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.

Victoria’s Secret & Co. Trading Up 0.1%

NYSE:VSXY opened at $87.44 on Monday. The company has a quick ratio of 0.57, a current ratio of 1.36 and a debt-to-equity ratio of 0.92. Victoria’s Secret & Co. has a 52 week low of $29.67 and a 52 week high of $102.46. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 0.59 and a beta of 2.01. The company’s 50 day moving average price is $84.69 and its 200-day moving average price is $73.30.

Victoria’s Secret & Co. (NYSE:VSXY) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates 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. Victoria’s Secret & Co.’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts forecast that Victoria’s Secret & Co. will post 4.69 earnings per share for the current fiscal year.

Insider Activity at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the stock in a transaction on Tuesday, July 28th. The shares were 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 represents a 9.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Melinda R. Mcafee sold 4,500 shares of the company’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $91.10, for a total transaction of $409,950.00. Following the completion of the transaction, the insider directly owned 166,317 shares of the company’s stock, valued at $15,151,478.70. This represents a 2.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,092,899 shares of company stock worth $97,365,456 in the last ninety days. Insiders own 0.52% of the company’s stock.

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

Hedge funds have recently made changes to their positions in the business. Fortitude Family Office LLC lifted its holdings in Victoria’s Secret & Co. by 126.7% in the 3rd quarter. Fortitude Family Office LLC now owns 306 shares of the company’s stock worth $27,000 after purchasing an additional 171 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Victoria’s Secret & Co. in the second quarter worth $49,000. Parallel Advisors LLC lifted its holdings in shares of Victoria’s Secret & Co. by 666.7% in the first quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock worth $29,000 after buying an additional 540 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Victoria’s Secret & Co. by 48.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,122 shares of the company’s stock worth $61,000 after acquiring an additional 364 shares during the last quarter. Finally, GK Wealth Management LLC bought a new position in shares of Victoria’s Secret & Co. during the third quarter worth $103,000. 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 women’s intimate apparel, lingerie, beauty products, sleepwear, loungewear and related accessories. Its portfolio includes the Victoria’s Secret brand, which offers bras, panties, sleepwear, apparel, fragrances and body-care products, and PINK, a lifestyle brand serving younger consumers with intimates, apparel, beauty products and accessories. The company also owns Adore Me, a digitally focused intimate-apparel brand.

The company sells its products through company-operated stores, digital platforms and selected wholesale and partner channels.