Victoria’s Secret & Co. (NYSE:VSXY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Victoria’s Secret & Co. (NYSE:VSXY) have been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $82.60.

VSXY has been the topic of a number of research reports. The Goldman Sachs Group upped 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 research report on Wednesday, June 3rd. Jefferies Financial Group lowered shares of Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and upped their target price for the stock from $65.00 to $73.00 in a research report on Wednesday, June 3rd. UBS Group lowered shares of Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and upped their target price for the stock from $81.00 to $90.00 in a research report on Wednesday, June 3rd. Weiss Ratings lowered shares of Victoria’s Secret & Co. from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Finally, TD Cowen upped their target price on shares of Victoria’s Secret & Co. from $50.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, June 4th.

Victoria’s Secret & Co. Price Performance

Shares of VSXY stock opened at $79.38 on Tuesday. Victoria’s Secret & Co. has a 1 year low of $17.53 and a 1 year high of $82.96. The firm’s 50 day moving average is $55.46 and its 200-day moving average is $54.62. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 42.68, a PEG ratio of 0.62 and a beta of 2.16. The company has a current ratio of 1.26, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17.

Victoria’s Secret & Co. (NYSE:VSXY) last announced its earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the business earned $0.09 earnings per share. Sell-side analysts forecast that Victoria’s Secret & Co. will post 4.61 EPS for the current fiscal year.

Insider Buying and Selling

In other Victoria’s Secret & Co. news, Director Anne Sheehan purchased 4,842 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The stock was acquired at an average cost of $45.86 per share, with a total value of $222,054.12. Following the completion of the purchase, the director directly owned 34,261 shares in the company, valued at approximately $1,571,209.46. This represents a 16.46% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donna James purchased 2,175 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were acquired at an average cost of $46.23 per share, with a total value of $100,550.25. Following the completion of the purchase, the director owned 63,097 shares of the company’s stock, valued at $2,916,974.31. The trade was a 3.57% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Victoria’s Secret & Co.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Public Sector Pension Investment Board increased its stake in Victoria’s Secret & Co. by 14.5% in the third quarter. Public Sector Pension Investment Board now owns 311,502 shares of the company’s stock valued at $8,454,000 after purchasing an additional 39,356 shares in the last quarter. Premier Fund Managers Ltd bought a new stake in Victoria’s Secret & Co. in the third quarter valued at approximately $540,000. Royce & Associates LP increased its stake in Victoria’s Secret & Co. by 11.2% in the third quarter. Royce & Associates LP now owns 398,992 shares of the company’s stock valued at $10,829,000 after purchasing an additional 40,155 shares in the last quarter. Tabor Asset Management LP bought a new stake in Victoria’s Secret & Co. in the third quarter valued at approximately $907,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Victoria’s Secret & Co. in the fourth quarter valued at approximately $7,790,000. 90.29% of the stock is owned by institutional investors.

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.