Victoria’s Secret & Co. (NYSE:VSXY) Insider Sells $409,950.00 in Stock

Victoria’s Secret & Co. (NYSE:VSXY) insider Melinda Mcafee sold 4,500 shares of Victoria’s Secret & Co. stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $91.10, for a total value of $409,950.00. Following the completion of the transaction, the insider owned 166,317 shares in the company, valued at $15,151,478.70. This trade represents a 2.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Victoria’s Secret & Co. Stock Performance

VSXY stock opened at $86.18 on Friday. The firm has a market cap of $6.87 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 0.58 and a beta of 2.01. The firm has a 50-day simple moving average of $85.16 and a two-hundred day simple moving average of $71.44. Victoria’s Secret & Co. has a one year low of $28.15 and a one year high of $102.46. 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. (NYSE:VSXY) last released 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. Victoria’s Secret & Co. had a net margin of 5.46% and a return on equity of 40.43%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.62 billion. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, equities analysts forecast that Victoria’s Secret & Co. will post 4.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Investors Asset Management of Georgia Inc. GA ADV increased its holdings in shares of Victoria’s Secret & Co. by 4.5% during 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 purchasing an additional 250 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Victoria’s Secret & Co. by 48.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,122 shares of the company’s stock worth $61,000 after buying an additional 364 shares in the last quarter. Meros Investment Management LP boosted its holdings in Victoria’s Secret & Co. by 4.2% during the fourth quarter. Meros Investment Management LP now owns 9,579 shares of the company’s stock worth $519,000 after buying an additional 388 shares in the last quarter. Lazard Asset Management LLC grew its position in Victoria’s Secret & Co. by 6.3% during the first quarter. Lazard Asset Management LLC now owns 7,712 shares of the company’s stock valued at $358,000 after buying an additional 454 shares during the period. Finally, Swiss National Bank grew its position in Victoria’s Secret & Co. by 0.4% during the first quarter. Swiss National Bank now owns 142,900 shares of the company’s stock valued at $6,625,000 after buying an additional 500 shares during the period. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on VSXY. BMO Capital Markets assumed 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 target on the stock. Telsey Advisory Group increased their price objective on Victoria’s Secret & Co. from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, September 2nd. Wells Fargo & Company raised their price objective on Victoria’s Secret & Co. from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 29th. Wall Street Zen downgraded Victoria’s Secret & Co. from a “buy” rating to a “hold” rating in a research note on Monday, September 21st. Finally, TD Cowen upped their target price on Victoria’s Secret & Co. from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, August 18th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Victoria’s Secret & Co. currently has an average rating of “Hold” and a consensus price target of $89.91.

Victoria’s Secret & Co. Company Profile

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.