Victoria’s Secret & Co. (NYSE:VSXY) Upgraded 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 research note published on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts also recently issued reports on VSXY. 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. Wells Fargo & Company lifted their price objective on shares of Victoria’s Secret & Co. from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 29th. Morgan Stanley boosted their target price on shares of Victoria’s Secret & Co. from $99.00 to $101.00 and gave the stock an “overweight” rating in a report on Friday, September 4th. Zacks Research cut shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 11th. Finally, TD Cowen increased their price target on shares of Victoria’s Secret & Co. from $75.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, August 18th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.50.

Victoria’s Secret & Co. Stock Up 2.9%

Shares of VSXY opened at $89.84 on Friday. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 0.59 and a beta of 2.01. Victoria’s Secret & Co. has a 1 year low of $30.65 and a 1 year high of $102.46. The business’s 50 day simple moving average is $84.49 and its 200-day simple moving average is $73.60. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.36 and a quick ratio of 0.57.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its earnings results on Thursday, September 3rd. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, equities analysts expect that Victoria’s Secret & Co. will post 4.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Victoria’s Secret & Co.

In other Victoria’s Secret & Co. news, insider Melinda McAfee sold 4,500 shares of the business’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $91.10, for a total transaction of $409,950.00. Following the transaction, the insider owned 166,317 shares in the company, valued at $15,151,478.70. The trade was a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $89.15, for a total transaction of $71,223,718.00. Following the transaction, the insider owned 7,810,631 shares in the company, valued at $696,317,753.65. This trade represents a 9.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,092,899 shares of company stock valued at $97,365,456 over the last ninety days. 0.52% of the stock is owned by insiders.

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

Several institutional investors have recently made changes to their positions in VSXY. SummerHaven Investment Management LLC boosted its position in shares of Victoria’s Secret & Co. by 5.4% during the third quarter. SummerHaven Investment Management LLC now owns 41,802 shares of the company’s stock valued at $3,698,000 after buying an additional 2,146 shares during the period. Triasima Portfolio Management inc. bought a new position in shares of Victoria’s Secret & Co. during the third quarter valued at approximately $658,000. Fortitude Family Office LLC grew its stake in shares of Victoria’s Secret & Co. by 126.7% during the third quarter. Fortitude Family Office LLC now owns 306 shares of the company’s stock valued at $27,000 after buying an additional 171 shares during the last quarter. ANB Bank purchased a new stake in shares of Victoria’s Secret & Co. in the third quarter worth approximately $304,000. Finally, GK Wealth Management LLC purchased a new stake in shares of Victoria’s Secret & Co. in the third quarter worth approximately $103,000. 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.