Victoria’s Secret & Co. (NYSE:VSXY) Hits New 52-Week High – What’s Next?

Victoria’s Secret & Co. (NYSE:VSXY)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $92.22 and last traded at $91.65, with a volume of 215099 shares trading hands. The stock had previously closed at $89.86.

Wall Street Analyst Weigh In

VSXY has been the subject of several analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $99.00 price objective on shares of Victoria’s Secret & Co. in a research report on Monday, July 6th. Wells Fargo & Company lifted their target price on Victoria’s Secret & Co. from $57.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Jefferies Financial Group cut Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and increased their price target for the stock from $65.00 to $73.00 in a research note on Wednesday, June 3rd. Barclays raised their price target on 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, JPMorgan Chase & Co. lifted their price objective on shares of Victoria’s Secret & Co. from $88.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $88.70.

Victoria’s Secret & Co. Stock Performance

The company’s 50-day moving average price is $79.63 and its two-hundred day moving average price is $62.34. The company has a market cap of $7.44 billion, a P/E ratio of 50.37, a price-to-earnings-growth ratio of 0.70 and a beta of 2.06. The company has a current ratio of 1.26, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17.

Victoria’s Secret & Co. (NYSE:VSXY) last released its earnings results on Tuesday, June 2nd. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.31. Victoria’s Secret & Co. had a net margin of 3.11% and a return on equity of 38.03%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the firm earned $0.09 EPS. As a group, equities analysts forecast that Victoria’s Secret & Co. will post 4.67 earnings per share for the current year.

Insider Transactions at Victoria’s Secret & Co.

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $80.11, for a total value of $88,735,603.92. Following the transaction, the insider owned 9,202,959 shares of the company’s stock, valued at approximately $737,249,045.49. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 2,500,000 shares of company stock valued at $212,353,716 in the last quarter. Insiders own 0.52% of the company’s stock.

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

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

About Victoria’s Secret & Co.

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.