Victoria’s Secret & Co. (NYSE:VSXY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Victoria’s Secret & Co. (NYSE:VSXY) have been given a consensus rating of “Moderate Buy” by the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $88.70.

Several equities analysts have weighed in on the company. Bank of America raised Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and lifted their target price for the company from $58.00 to $68.00 in a research report on Wednesday, April 29th. Wall Street Zen cut shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 5th. Weiss Ratings raised shares of Victoria’s Secret & Co. from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 24th. The Goldman Sachs Group lifted their price objective on shares of Victoria’s Secret & Co. from $56.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Finally, Barclays upped their target price on shares of Victoria’s Secret & Co. from $67.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd.

Insider Activity at Victoria’s Secret & Co.

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $80.11, for a total value of $88,735,603.92. Following the completion of the transaction, the insider owned 9,202,959 shares in the company, valued at $737,249,045.49. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have sold a total of 2,500,000 shares of company stock valued at $212,353,716 in the last three months. Insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its holdings in Victoria’s Secret & Co. by 11.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,935 shares of the company’s stock worth $106,000 after purchasing an additional 199 shares during the period. Maryland State Retirement & Pension System raised its position in Victoria’s Secret & Co. by 2.1% in the 4th quarter. Maryland State Retirement & Pension System now owns 11,725 shares of the company’s stock valued at $635,000 after purchasing an additional 245 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of Victoria’s Secret & Co. by 4.5% in the 1st quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,755 shares of the company’s stock valued at $267,000 after buying an additional 250 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Victoria’s Secret & Co. by 1.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,308 shares of the company’s stock valued at $992,000 after buying an additional 286 shares during the period. Finally, Optimize Financial Inc boosted its stake in shares of Victoria’s Secret & Co. by 1.5% in the 4th quarter. Optimize Financial Inc now owns 23,074 shares of the company’s stock valued at $1,250,000 after buying an additional 332 shares during the period. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Stock Up 0.5%

NYSE:VSXY opened at $89.09 on Wednesday. Victoria’s Secret & Co. has a 52 week low of $18.04 and a 52 week high of $91.97. The stock’s fifty day moving average is $77.58 and its two-hundred day moving average is $61.75. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 47.90, a price-to-earnings-growth ratio of 0.69 and a beta of 2.06. The company has a quick ratio of 0.41, a current ratio of 1.26 and a debt-to-equity ratio of 1.17.

Victoria’s Secret & Co. (NYSE:VSXY) last issued its quarterly earnings data 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 business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the firm posted $0.09 earnings per share. Research analysts anticipate that Victoria’s Secret & Co. will post 4.67 EPS for the current year.

Victoria’s Secret & Co. Company Profile

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.