Victoria’s Secret & Co. (NYSE:VSXY) Trading 5.4% Higher – Still a Buy?

Victoria’s Secret & Co. (NYSE:VSXY)’s stock price was up 5.4% on Monday . The company traded as high as $86.61 and last traded at $85.87. Approximately 300,197 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 2,242,520 shares. The stock had previously closed at $81.45.

Analyst Ratings Changes

VSXY has been the topic of a number of recent research reports. Morgan Stanley reiterated an “overweight” rating and set a $99.00 price target on shares of Victoria’s Secret & Co. in a research report on Monday, July 6th. Bank of America raised shares of Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and upped their price objective for the company from $58.00 to $68.00 in a research note on Wednesday, April 29th. Barclays increased their target price on shares of Victoria’s Secret & Co. from $67.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. TD Cowen lifted 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. Finally, Telsey Advisory Group boosted their price target on shares of Victoria’s Secret & Co. from $71.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.50.

Victoria’s Secret & Co. Trading Up 6.5%

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 50-day moving average of $69.59 and a 200-day moving average of $59.73. The firm has a market capitalization of $6.89 billion, a P/E ratio of 46.63, a price-to-earnings-growth ratio of 0.64 and a beta of 2.07.

Victoria’s Secret & Co. (NYSE:VSXY) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.31. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. Victoria’s Secret & Co. had a return on equity of 38.03% and a net margin of 3.11%.During the same quarter in the previous year, the company posted $0.09 earnings per share. On average, equities research analysts anticipate that Victoria’s Secret & Co. will post 4.65 EPS for the current fiscal year.

Insider Activity at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $80.11, for a total transaction of $88,735,603.92. Following the completion of the sale, the insider directly owned 9,202,959 shares in the company, valued at $737,249,045.49. This represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 1,411,601 shares of company stock valued at $115,398,210 over the last quarter. 0.52% of the stock is owned by insiders.

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

Institutional investors have recently added to or reduced their stakes in the company. Bbfit Investments PTE Ltd. bought a new stake in shares of Victoria’s Secret & Co. in the 4th quarter worth approximately $558,521,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of Victoria’s Secret & Co. during the fourth quarter valued at approximately $87,786,000. Marshall Wace LLP raised its holdings in shares of Victoria’s Secret & Co. by 301.4% during the fourth quarter. Marshall Wace LLP now owns 1,792,727 shares of the company’s stock valued at $97,112,000 after acquiring an additional 1,346,104 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Victoria’s Secret & Co. by 1,454.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,045,465 shares of the company’s stock worth $56,634,000 after acquiring an additional 978,194 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new stake in Victoria’s Secret & Co. in the third quarter worth $20,870,000. Hedge funds and other institutional investors 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.