Victoria’s Secret & Co. (NYSE:VSXY) Insider Sells 7,000 Shares of Stock

Victoria’s Secret & Co. (NYSE:VSXY) insider Melinda Mcafee sold 7,000 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $98.90, for a total value of $692,300.00. Following the sale, the insider owned 156,817 shares of the company’s stock, valued at $15,509,201.30. This trade represents a 4.27% decrease in their ownership of the stock. The sale 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 Up 2.2%

VSXY stock traded up $2.13 during trading on Tuesday, reaching $100.68. 1,480,911 shares of the company traded hands, compared to its average volume of 2,069,753. Victoria’s Secret & Co. has a 12 month low of $33.61 and a 12 month high of $102.46. The business has a 50 day simple moving average of $85.74 and a 200 day simple moving average of $69.88. The company has a market capitalization of $8.03 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 0.64 and a beta of 2.11. 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 posted its earnings results on Thursday, September 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.18. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. Victoria’s Secret & Co. had a return on equity of 40.43% and a net margin of 5.46%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities research analysts anticipate that Victoria’s Secret & Co. will post 4.75 earnings per share for the current fiscal year.

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

Large investors have recently made changes to their positions in the stock. Fortitude Family Office LLC lifted its holdings 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 worth $27,000 after purchasing an additional 171 shares during the period. Carolina Wealth Advisors LLC purchased a new stake in Victoria’s Secret & Co. in the third quarter valued at approximately $31,000. Signaturefd LLC increased its holdings in Victoria’s Secret & Co. by 83.4% in the 3rd quarter. Signaturefd LLC now owns 552 shares of the company’s stock worth $49,000 after buying an additional 251 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Victoria’s Secret & Co. in the 2nd quarter worth approximately $49,000. Finally, Parallel Advisors LLC increased its holdings in Victoria’s Secret & Co. by 666.7% in the 1st quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock worth $29,000 after buying an additional 540 shares during the period. 90.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Zacks Research lowered shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. UBS Group lowered their target price on shares of Victoria’s Secret & Co. from $95.00 to $87.00 and set a “neutral” rating for the company in a research note on Friday, September 4th. Barclays lifted their price target on shares of Victoria’s Secret & Co. from $106.00 to $112.00 and gave the stock an “overweight” rating in a report on Tuesday, October 20th. Telsey Advisory Group upped their price target on Victoria’s Secret & Co. from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Finally, BMO Capital Markets assumed coverage on Victoria’s Secret & Co. in a research report on Tuesday, September 8th. They set a “market perform” rating and a $80.00 price target on the stock. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $93.67.

About Victoria’s Secret & Co.

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.