Victoria’s Secret & Co. (NYSE:VSXY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Victoria’s Secret & Co. (NYSE:VSXY) from a hold rating to a buy rating in a research note published on Sunday,Wall Street Zen reports.

A number of other analysts also recently issued reports on VSXY. Telsey Advisory Group lifted their price objective on shares of Victoria’s Secret & Co. from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, September 2nd. BMO Capital Markets assumed coverage on shares of Victoria’s Secret & Co. in a report on Tuesday, September 8th. They set a “market perform” rating and a $80.00 target price for the company. Barclays decreased their target price on shares of Victoria’s Secret & Co. from $108.00 to $106.00 and set an “overweight” rating for the company in a research report on Friday, September 4th. Weiss Ratings upgraded shares of Victoria’s Secret & Co. from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 8th. Finally, UBS Group cut their price target on shares of Victoria’s Secret & Co. from $95.00 to $87.00 and set a “neutral” rating on the stock in a research report on Friday, September 4th. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Victoria’s Secret & Co. presently has a consensus rating of “Hold” and an average target price of $89.00.

Victoria’s Secret & Co. Stock Down 2.1%

Shares of Victoria’s Secret & Co. stock opened at $72.96 on Friday. The company has a market capitalization of $5.82 billion, a P/E ratio of 21.15, a price-to-earnings-growth ratio of 0.51 and a beta of 2.05. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.36 and a quick ratio of 0.57. The business has a 50-day moving average of $84.80 and a two-hundred day moving average of $67.46. Victoria’s Secret & Co. has a 1 year low of $25.09 and a 1 year high of $102.46.

Victoria’s Secret & Co. (NYSE:VSXY) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.18. Victoria’s Secret & Co. had a return on equity of 40.43% and a net margin of 5.46%.The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.62 billion. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, equities analysts predict that Victoria’s Secret & Co. will post 4.69 EPS for the current year.

Insider Activity at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $89.15, for a total value of $71,223,718.00. Following the completion of the transaction, the insider directly owned 7,810,631 shares of the company’s stock, valued at approximately $696,317,753.65. This trade represents a 9.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 1,364,570 shares of company stock valued at $121,396,640. Corporate insiders own 0.52% of the company’s stock.

Institutional Trading of Victoria’s Secret & Co.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its stake in Victoria’s Secret & Co. by 666.7% in the 1st 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. acquired a new stake in Victoria’s Secret & Co. during the 4th quarter valued at $33,000. Hantz Financial Services Inc. lifted its holdings in 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 last quarter. Integrated Wealth Concepts LLC bought a new position in Victoria’s Secret & Co. during the second quarter worth $49,000. Finally, Leonteq Securities AG bought a new position in Victoria’s Secret & Co. during the fourth quarter worth $54,000. 90.29% of the stock is owned by institutional investors.

About Victoria’s Secret & Co.

Victoria’s Secret & Co is a specialty retailer focused on intimate apparel, lingerie, beauty products and related accessories. Its portfolio includes the Victoria’s Secret brand, which offers bras, panties, sleepwear, swimwear, apparel, fragrances and body-care products, and PINK, which targets younger consumers with lingerie, loungewear, apparel, beauty products and accessories.

The company also owns Adore Me, a digitally focused intimates brand offering lingerie and related apparel.