Victoria’s Secret & Co. (NYSE:VSXY) Stock Price Up 4.4% – What’s Next?

Victoria’s Secret & Co. (NYSE:VSXY)’s share price rose 4.4% on Wednesday . The company traded as high as $91.69 and last traded at $91.19. 155,677 shares changed hands during trading, a decline of 93% from the average session volume of 2,136,758 shares. The stock had previously closed at $87.36.

Analyst Ratings Changes

Several equities analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Victoria’s Secret & Co. from $88.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Weiss Ratings upgraded Victoria’s Secret & Co. from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 24th. Telsey Advisory Group upped their price objective on shares of Victoria’s Secret & Co. from $71.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. The Goldman Sachs Group increased their price objective 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. Finally, TD Cowen raised their target price on shares of Victoria’s Secret & Co. from $75.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, August 18th. One equities research 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. Based on data from MarketBeat.com, Victoria’s Secret & Co. has an average rating of “Moderate Buy” and an average price target of $89.70.

Victoria’s Secret & Co. Trading Up 4.7%

The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 1.26. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 49.17, a P/E/G ratio of 0.60 and a beta of 2.06. The business has a fifty day moving average price of $85.06 and a 200 day moving average price of $65.40.

Victoria’s Secret & Co. (NYSE:VSXY) last issued its earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.31. Victoria’s Secret & Co. had a return on equity of 38.03% and a net margin of 3.11%.The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter last year, the firm earned $0.09 earnings per share. As a group, equities analysts forecast that Victoria’s Secret & Co. will post 4.7 earnings per share for the current year.

Insider Activity at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of Victoria’s Secret & Co. stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $80.11, for a total value of $88,735,603.92. Following the transaction, the insider directly owned 9,202,959 shares of the company’s stock, valued at $737,249,045.49. The trade was a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 2,500,000 shares of company stock valued at $212,353,716. Company insiders own 0.52% of the company’s stock.

Institutional Trading of Victoria’s Secret & Co.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Baird Financial Group Inc. acquired a new position in Victoria’s Secret & Co. during the first quarter valued at approximately $233,000. Royal Bank of Canada increased its position in shares of Victoria’s Secret & Co. by 279.1% in the first quarter. Royal Bank of Canada now owns 47,839 shares of the company’s stock worth $888,000 after acquiring an additional 35,220 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Victoria’s Secret & Co. by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,949 shares of the company’s stock worth $1,170,000 after acquiring an additional 1,797 shares in the last quarter. Invesco Ltd. raised its stake in shares of Victoria’s Secret & Co. by 8.0% in the 2nd quarter. Invesco Ltd. now owns 772,884 shares of the company’s stock valued at $14,314,000 after acquiring an additional 57,048 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of Victoria’s Secret & Co. by 194.4% in the 2nd quarter. First Trust Advisors LP now owns 152,625 shares of the company’s stock valued at $2,827,000 after acquiring an additional 100,787 shares during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.

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.