Victoria’s Secret & Co. (NYSE:VSXY) Price Target Raised to $100.00

Victoria’s Secret & Co. (NYSE:VSXY) had its price objective hoisted by Telsey Advisory Group from $90.00 to $100.00 in a research note published on Thursday morning, Marketbeat.com reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages also recently commented on VSXY. Bank of America upgraded Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and upped their target price for the stock from $58.00 to $68.00 in a research note on Wednesday, April 29th. JPMorgan Chase & Co. lifted their price target on Victoria’s Secret & Co. from $88.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. The Goldman Sachs Group boosted their price target on Victoria’s Secret & Co. from $56.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Barclays upped their price objective on Victoria’s Secret & Co. from $67.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Finally, TD Cowen raised their price objective on shares of Victoria’s Secret & Co. from $75.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.70.

Victoria’s Secret & Co. Stock Down 2.0%

NYSE:VSXY opened at $87.90 on Thursday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.26 and a quick ratio of 0.41. The company’s fifty day moving average price is $85.58 and its 200-day moving average price is $65.97. Victoria’s Secret & Co. has a 1-year low of $22.02 and a 1-year high of $102.46. The firm has a market capitalization of $6.98 billion, a P/E ratio of 47.26, a PEG ratio of 0.60 and a beta of 2.06.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.29 by $0.31. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. Victoria’s Secret & Co. had a net margin of 3.11% and a return on equity of 38.03%. During the same period in the prior year, the company earned $0.09 earnings per share. As a group, equities research analysts anticipate that Victoria’s Secret & Co. will post 4.71 EPS for the current year.

Insider Activity

In other news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $89.15, for a total transaction of $71,223,718.00. Following the sale, the insider directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have sold 2,500,000 shares of company stock worth $212,353,716. Corporate insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Victoria’s Secret & Co.

A number of large investors have recently bought and sold shares of VSXY. Geode Capital Management LLC increased its holdings in Victoria’s Secret & Co. by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 1,760,139 shares of the company’s stock worth $95,365,000 after acquiring an additional 47,462 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Victoria’s Secret & Co. by 212.4% during the first quarter. Sequoia Financial Advisors LLC now owns 18,754 shares of the company’s stock valued at $869,000 after purchasing an additional 12,750 shares in the last quarter. Landscape Capital Management L.L.C. lifted its holdings in Victoria’s Secret & Co. by 47.5% during the fourth quarter. Landscape Capital Management L.L.C. now owns 177,423 shares of the company’s stock valued at $9,611,000 after purchasing an additional 57,133 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Victoria’s Secret & Co. by 23.5% in the first quarter. California State Teachers Retirement System now owns 84,333 shares of the company’s stock valued at $3,910,000 after purchasing an additional 16,044 shares during the period. Finally, Apollon Wealth Management LLC acquired a new stake in shares of Victoria’s Secret & Co. in the first quarter valued at about $940,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

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.