Insider Selling: Victoria’s Secret & Co. (NYSE:VSXY) Insider Sells 2,500 Shares of Company Stock

Victoria’s Secret & Co. (NYSE:VSXY) insider Melinda Mcafee sold 2,500 shares of Victoria’s Secret & Co. stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $95.00, for a total transaction of $237,500.00. Following the transaction, the insider owned 163,817 shares in the company, valued at approximately $15,562,615. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Victoria’s Secret & Co. Stock Down 2.5%

NYSE:VSXY traded down $2.33 during trading hours on Tuesday, hitting $92.63. 1,328,143 shares of the stock traded hands, compared to its average volume of 2,083,324. The firm has a 50 day moving average price of $84.67 and a 200 day moving average price of $69.04. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 0.61 and a beta of 2.01. Victoria’s Secret & Co. has a fifty-two week low of $33.20 and a fifty-two week high of $102.46. 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. (NYSE:VSXY) last issued its earnings results on Thursday, September 3rd. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.77 by $0.18. Victoria’s Secret & Co. had a return on equity of 40.43% and a net margin of 5.46%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities research analysts anticipate that Victoria’s Secret & Co. will post 4.75 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on VSXY shares. Needham & Company LLC began coverage on shares of Victoria’s Secret & Co. in a report on Friday, October 16th. They set a “buy” rating and a $106.00 price target for the company. Barclays upped their price objective on shares of Victoria’s Secret & Co. from $106.00 to $112.00 and gave the company an “overweight” rating in a research note on Tuesday, October 20th. Wells Fargo & Company increased their target price on shares of 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. Morgan Stanley increased their target price on shares of Victoria’s Secret & Co. from $101.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, October 19th. Finally, Weiss Ratings raised shares of Victoria’s Secret & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Victoria’s Secret & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Signaturefd LLC grew its stake in shares of Victoria’s Secret & Co. by 83.4% in the 3rd quarter. Signaturefd LLC now owns 552 shares of the company’s stock valued at $49,000 after buying an additional 251 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new position in Victoria’s Secret & Co. in the third quarter worth approximately $31,000. Sterling Capital Management LLC increased its holdings in Victoria’s Secret & Co. by 25.9% in the third quarter. Sterling Capital Management LLC now owns 10,513 shares of the company’s stock worth $930,000 after buying an additional 2,165 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Victoria’s Secret & Co. during the third quarter valued at approximately $304,000. Finally, Revisor Wealth Management LLC bought a new position in Victoria’s Secret & Co. during the third quarter valued at approximately $207,000. Hedge funds and other institutional investors 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 lifestyle merchandise. Its portfolio includes the Victoria’s Secret brand, which offers bras, panties, lingerie, sleepwear, apparel, accessories, fragrances and personal-care products, and PINK, which targets younger customers with lingerie, loungewear, apparel, beauty products and accessories.

The company also operates Adore Me, a digitally focused intimates brand known for a broad range of sizes and subscription-based shopping options.