Victoria’s Secret & Co. (VSXY) – What Are Brokerages Thinking About This Stock?

Victoria’s Secret & Co. (NYSE:VSXY) has earned an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Seven equities research 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 analysts that have covered the stock in the last year is $91.25.

Several analysts recently weighed in on VSXY shares. Wells Fargo & Company boosted their price objective on shares of 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. BMO Capital Markets initiated coverage on Victoria’s Secret & Co. in a research report on Tuesday, September 8th. They set a “market perform” rating and a $80.00 target price for the company. Needham & Company LLC started coverage on Victoria’s Secret & Co. in a report on Friday. They set a “buy” rating and a $106.00 target price on the stock. Zacks Research lowered Victoria’s Secret & Co. from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 11th. Finally, Telsey Advisory Group upped their price target on Victoria’s Secret & Co. from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, September 2nd.

Victoria’s Secret & Co. Trading Down 3.4%

Shares of VSXY opened at $87.44 on Monday. 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 $29.67 and a 52-week high of $102.46. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 0.61 and a beta of 2.01. The business’s fifty day moving average is $84.69 and its 200-day moving average is $73.09.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its quarterly 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. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. Victoria’s Secret & Co. had a net margin of 5.46% and a return on equity of 40.43%. Victoria’s Secret & Co.’s revenue was up 10.4% on a year-over-year basis. Equities analysts anticipate 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 business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $89.15, for a total transaction 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. The trade was a 9.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Melinda R. Mcafee sold 4,500 shares of the company’s stock in a transaction dated 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 sale, the insider owned 166,317 shares in the company, valued at $15,151,478.70. This represents a 2.63% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,092,899 shares of company stock valued at $97,365,456 over the last ninety days. 0.52% of the stock is currently owned by corporate insiders.

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

Hedge funds have recently added to or reduced their stakes in the stock. Bbfit Investments PTE Ltd. bought a new position in shares of Victoria’s Secret & Co. in the fourth quarter valued at approximately $558,521,000. Dimensional Fund Advisors LP grew its position in 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 in the last quarter. Arrowstreet Capital Limited Partnership grew its position in 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 acquiring an additional 12,238 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Victoria’s Secret & Co. during the 2nd quarter valued at about $39,803,000. Finally, Baird Financial Group Inc. bought a new position in Victoria’s Secret & Co. during the 2nd quarter worth approximately $30,622,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

About Victoria’s Secret & Co.

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.