Victoria’s Secret & Co. (NYSE:VSXY) Receives $82.60 Average PT from Brokerages

Shares of Victoria’s Secret & Co. (NYSE:VSXY) have been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $86.50.

Several equities analysts have recently issued reports on the company. 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. Barclays lifted their target price on Victoria’s Secret & Co. from $67.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Wall Street Zen lowered Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 5th. Weiss Ratings raised Victoria’s Secret & Co. from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 24th. Finally, TD Cowen raised their price target on Victoria’s Secret & Co. from $50.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, June 4th.

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 firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $80.11, for a total transaction 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 trade represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 1,411,601 shares of company stock valued at $115,398,210. Corporate insiders own 0.52% of the company’s stock.

Institutional Trading of Victoria’s Secret & Co.

Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC increased its stake 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 valued at $29,000 after acquiring an additional 540 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Victoria’s Secret & Co. during the 4th quarter valued at $33,000. Hantz Financial Services Inc. increased its position in shares of Victoria’s Secret & Co. by 104.3% during the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the company’s stock valued at $44,000 after purchasing an additional 414 shares during the period. DV Equities LLC acquired a new position in shares of Victoria’s Secret & Co. during the 4th quarter valued at $49,000. Finally, Quantbot Technologies LP bought a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter worth $53,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Stock Performance

Shares of VSXY stock traded up $2.19 during trading hours on Friday, reaching $78.38. The stock had a trading volume of 1,109,672 shares, compared to its average volume of 1,724,531. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.26 and a quick ratio of 0.41. Victoria’s Secret & Co. has a twelve month low of $17.53 and a twelve month high of $88.57. The firm has a 50-day simple moving average of $66.42 and a 200-day simple moving average of $58.75. The firm has a market capitalization of $6.23 billion, a PE ratio of 42.14, a price-to-earnings-growth ratio of 0.60 and a beta of 2.07.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business posted $0.09 EPS. As a group, equities analysts forecast that Victoria’s Secret & Co. will post 4.65 earnings per share for the current year.

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.