Victoria’s Secret & Co. (NYSE:VSXY) Stock Price Expected to Rise, Telsey Advisory Group Analyst Says

Victoria’s Secret & Co. (NYSE:VSXY) had its price objective lifted by investment analysts at Telsey Advisory Group from $90.00 to $100.00 in a research report issued on Thursday. The firm currently has an “outperform” rating on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 10.20% from the stock’s previous close.

Several other research analysts also recently weighed in on VSXY. UBS Group upped their price target on Victoria’s Secret & Co. from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 18th. Jefferies Financial Group downgraded shares of Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and boosted their target price for the stock from $65.00 to $73.00 in a report on Wednesday, June 3rd. TD Cowen raised their target price on shares of Victoria’s Secret & Co. from $75.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, August 18th. Barclays lifted their price target 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. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $99.00 price target on shares of Victoria’s Secret & Co. in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Victoria’s Secret & Co. presently has an average rating of “Moderate Buy” and an average price target of $90.70.

Victoria’s Secret & Co. Trading Up 3.9%

Shares of VSXY stock opened at $90.74 on Thursday. 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 stock has a fifty day simple moving average of $85.30 and a two-hundred day simple moving average of $65.62. The firm has a market capitalization of $7.21 billion, a PE ratio of 48.78, a PEG ratio of 0.60 and a beta of 2.06. Victoria’s Secret & Co. has a 52-week low of $21.91 and a 52-week high of $102.46.

Victoria’s Secret & Co. (NYSE:VSXY) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.29 by $0.31. The business had revenue of $1.56 billion for 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 period in the previous year, the business earned $0.09 earnings per share. On average, analysts predict that Victoria’s Secret & Co. will post 4.7 EPS for the current fiscal year.

Insider Activity at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 9,202,959 shares in the company, valued at $737,249,045.49. The trade was a 10.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 2,500,000 shares of company stock valued at $212,353,716. Company insiders own 0.52% of the company’s stock.

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

Several large investors have recently added to or reduced their stakes in VSXY. Parallel Advisors LLC lifted its stake in shares of Victoria’s Secret & Co. by 666.7% in the 1st quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock valued at $29,000 after purchasing an additional 540 shares during the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Victoria’s Secret & Co. during the 4th quarter valued at $33,000. Hantz Financial Services Inc. lifted its position in Victoria’s Secret & Co. by 104.3% in the fourth quarter. Hantz Financial Services Inc. now owns 811 shares of the company’s stock worth $44,000 after buying an additional 414 shares during the last quarter. DV Equities LLC purchased a new position in Victoria’s Secret & Co. during the fourth quarter worth $49,000. Finally, Quantbot Technologies LP purchased a new position in Victoria’s Secret & Co. during the third quarter worth $53,000. 90.29% of the stock is owned by institutional investors.

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.