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

Shares of Victoria’s Secret & Co. (NYSE:VSXY) have received a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $89.00.

A number of brokerages have recently weighed in on VSXY. BMO Capital Markets initiated coverage on shares of Victoria’s Secret & Co. in a report on Tuesday, September 8th. They issued a “market perform” rating and a $80.00 price objective for the company. JPMorgan Chase & Co. increased their target price on shares of Victoria’s Secret & Co. from $88.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. TD Cowen lifted 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. 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. Finally, The Goldman Sachs Group upped their price target on shares of Victoria’s Secret & Co. from $56.00 to $84.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd.

Victoria’s Secret & Co. Stock Performance

Shares of VSXY stock opened at $81.77 on Thursday. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 23.70, a P/E/G ratio of 0.53 and a beta of 2.05. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 1.36. Victoria’s Secret & Co. has a 52 week low of $25.09 and a 52 week high of $102.46. The firm’s 50-day simple moving average is $84.81 and its two-hundred day simple moving average is $67.88.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its earnings results on Thursday, September 3rd. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.18. Victoria’s Secret & Co. had a return on equity of 40.43% and a net margin of 5.46%.The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. The company’s revenue was up 10.4% compared to the same quarter last year. As a group, equities analysts forecast that Victoria’s Secret & Co. will post 4.69 earnings per share for the current year.

Insider Activity at Victoria’s Secret & Co.

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the firm’s stock in a transaction dated 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 in the company, valued at $696,317,753.65. This trade 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. Over the last three months, insiders have sold 1,364,570 shares of company stock valued at $121,396,640. Company insiders own 0.52% of the company’s stock.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bbfit Investments PTE Ltd. bought a new position in shares of Victoria’s Secret & Co. during the fourth quarter valued at $558,521,000. Goldman Sachs Group Inc. lifted its stake in Victoria’s Secret & Co. by 11.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,011,366 shares of the company’s stock valued at $108,956,000 after acquiring an additional 199,170 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Victoria’s Secret & Co. by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,943,417 shares of the company’s stock worth $90,066,000 after acquiring an additional 50,007 shares during the period. Geode Capital Management LLC raised its holdings in shares of Victoria’s Secret & Co. by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 1,760,139 shares of the company’s stock valued at $95,365,000 after purchasing an additional 47,462 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Victoria’s Secret & Co. by 0.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,343,203 shares of the company’s stock valued at $62,271,000 after purchasing an additional 12,238 shares during the last quarter. 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.