Victoria’s Secret & Co. (VSXY) – What Are Analysts Saying About This Stock?

Shares of Victoria’s Secret & Co. (NYSE:VSXY) have received a consensus recommendation of “Hold” from the fifteen brokerages that are presently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $97.33.

VSXY has been the topic of several recent analyst reports. Wall Street Zen raised shares of Victoria’s Secret & Co. from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th. TD Cowen upped their price objective on shares of Victoria’s Secret & Co. from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, August 18th. Bank of America lowered Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $95.00 to $112.00 in a report on Thursday. Needham & Company LLC began coverage on Victoria’s Secret & Co. in a research note on Friday, October 16th. They issued a “buy” rating and a $106.00 target price for the company. Finally, Wells Fargo & Company raised their price target on Victoria’s Secret & Co. from $100.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 3rd.

Insider Transactions at Victoria’s Secret & Co.

In other news, insider Melinda McAfee sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $98.90, for a total transaction of $692,300.00. Following the completion of the transaction, the insider directly owned 156,817 shares of the company’s stock, valued at $15,509,201.30. This trade represents a 4.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 14,000 shares of company stock valued at $1,339,750. 0.52% of the stock is currently owned by company insiders.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Victoria’s Secret & Co. by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,943,417 shares of the company’s stock worth $90,066,000 after purchasing an additional 50,007 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Victoria’s Secret & Co. by 0.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,343,203 shares of the company’s stock worth $62,271,000 after acquiring an additional 12,238 shares during the period. Bank of America Corp DE increased its holdings in shares of Victoria’s Secret & Co. by 61.9% during the 1st quarter. Bank of America Corp DE now owns 632,358 shares of the company’s stock worth $29,316,000 after acquiring an additional 241,660 shares during the last quarter. Public Sector Pension Investment Board raised its stake in Victoria’s Secret & Co. by 102.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 620,915 shares of the company’s stock valued at $55,038,000 after acquiring an additional 314,765 shares during the period. Finally, Voya Investment Management LLC lifted its holdings in Victoria’s Secret & Co. by 2,421.0% during the 3rd quarter. Voya Investment Management LLC now owns 544,003 shares of the company’s stock valued at $48,123,000 after purchasing an additional 522,424 shares during the last quarter. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

Shares of VSXY stock opened at $104.22 on Friday. The firm’s 50 day moving average price is $89.04 and its two-hundred day moving average price is $71.74. 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. has a 52-week low of $33.61 and a 52-week high of $116.32. The stock has a market cap of $8.31 billion, a PE ratio of 30.21, a PEG ratio of 0.74 and a beta of 2.11.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.18. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. Victoria’s Secret & Co. had a return on equity of 40.43% and a net margin of 5.46%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, analysts forecast that Victoria’s Secret & Co. will post 4.75 EPS for the current year.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co. is a specialty retailer focused on intimate apparel, beauty products and related merchandise. Its offerings include bras, lingerie, panties, sleepwear, apparel, fragrances and body care products. The company operates under the Victoria’s Secret and PINK brands and also owns Adore Me, an intimate-apparel brand with a digital-first business. It serves customers through stores and e-commerce, primarily in North America, as well as through international operations and partners.