Victoria’s Secret & Co. (NYSE:VSXY) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Victoria’s Secret & Co. (NYSE:VSXY) from a hold rating to a buy rating in a report issued on Sunday,Wall Street Zen reports.

Several other research analysts have also weighed in on VSXY. BMO Capital Markets started coverage on shares of Victoria’s Secret & Co. in a research note on Tuesday, September 8th. They set a “market perform” rating and a $80.00 target price for the company. Jefferies Financial Group downgraded shares of Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and boosted their price target for the company from $65.00 to $73.00 in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. upped their price objective on shares of Victoria’s Secret & Co. from $88.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. 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 research report on Wednesday, June 3rd. Finally, UBS Group lowered their price objective on shares of Victoria’s Secret & Co. from $95.00 to $87.00 and set a “neutral” rating for the company in a research report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.00.

Victoria’s Secret & Co. Trading Up 0.3%

Shares of Victoria’s Secret & Co. stock opened at $75.86 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92. Victoria’s Secret & Co. has a twelve month low of $25.09 and a twelve month high of $102.46. The firm has a market capitalization of $6.05 billion, a PE ratio of 21.99, a P/E/G ratio of 0.51 and a beta of 2.05. The firm’s 50-day moving average price is $84.97 and its 200 day moving average price is $67.30.

Victoria’s Secret & Co. (NYSE:VSXY) last announced its earnings results on Thursday, September 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.18. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Victoria’s Secret & Co. had a net margin of 5.46% and a return on equity of 40.43%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, sell-side analysts predict that Victoria’s Secret & Co. will post 4.69 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the stock in a transaction on 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 transaction, the insider directly owned 7,810,631 shares of the company’s stock, valued at $696,317,753.65. This trade represents a 9.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 1,364,570 shares of company stock valued at $121,396,640 in the last 90 days. Corporate insiders own 0.52% of the company’s stock.

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

Several hedge funds have recently made changes to their positions in the business. Bbfit Investments PTE Ltd. acquired a new stake in shares of Victoria’s Secret & Co. in the 4th quarter valued at approximately $558,521,000. California State Teachers Retirement System acquired a new position in Victoria’s Secret & Co. during the second quarter worth $571,660,000. Dimensional Fund Advisors LP grew its holdings in Victoria’s Secret & Co. by 10.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,549,501 shares of the company’s stock worth $69,187,000 after acquiring an additional 238,516 shares during the period. Goldman Sachs Group Inc. raised its position in Victoria’s Secret & Co. by 11.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,011,366 shares of the company’s stock worth $108,956,000 after acquiring an additional 199,170 shares in the last quarter. Finally, Marshall Wace LLP raised its position in Victoria’s Secret & Co. by 301.4% in the fourth quarter. Marshall Wace LLP now owns 1,792,727 shares of the company’s stock worth $97,112,000 after acquiring an additional 1,346,104 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

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.