Insider Selling: Victoria’s Secret & Co. (NYSE:VSXY) Insider Sells $692,300.00 in Stock

Victoria’s Secret & Co. (NYSE:VSXY) insider Melinda Mcafee sold 7,000 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $98.90, for a total value of $692,300.00. Following the transaction, the insider owned 156,817 shares in the company, valued at approximately $15,509,201.30. This represents a 4.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Victoria’s Secret & Co. Stock Down 2.6%

Shares of Victoria’s Secret & Co. stock opened at $106.11 on Friday. 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 stock has a market cap of $8.46 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 0.73 and a beta of 2.11. The firm’s 50-day moving average is $86.75 and its two-hundred day moving average is $70.55. Victoria’s Secret & Co. has a 1 year low of $33.61 and a 1 year high of $110.27.

Victoria’s Secret & Co. (NYSE:VSXY) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.18. Victoria’s Secret & Co. had a net margin of 5.46% and a return on equity of 40.43%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. The company’s revenue was up 10.4% compared to the same quarter last year. As a group, research analysts expect that Victoria’s Secret & Co. will post 4.75 earnings per share for the current fiscal year.

Institutional Trading of Victoria’s Secret & Co.

Several institutional investors and hedge funds have recently bought and sold shares of VSXY. Commonwealth Equity Services LLC grew its holdings in Victoria’s Secret & Co. by 4.7% during the third quarter. Commonwealth Equity Services LLC now owns 2,524 shares of the company’s stock worth $223,000 after acquiring an additional 114 shares during the period. Fortitude Family Office LLC lifted its holdings in Victoria’s Secret & Co. by 126.7% in the third quarter. Fortitude Family Office LLC now owns 306 shares of the company’s stock valued at $27,000 after acquiring an additional 171 shares during the period. Signaturefd LLC lifted its holdings in Victoria’s Secret & Co. by 83.4% in the third quarter. Signaturefd LLC now owns 552 shares of the company’s stock valued at $49,000 after acquiring an additional 251 shares during the period. Hanseatic Management Services Inc. lifted its holdings in Victoria’s Secret & Co. by 2.1% in the third quarter. Hanseatic Management Services Inc. now owns 14,330 shares of the company’s stock valued at $1,268,000 after acquiring an additional 292 shares during the period. Finally, Carolina Wealth Advisors LLC purchased a new stake in Victoria’s Secret & Co. in the 3rd quarter worth approximately $31,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on VSXY shares. Morgan Stanley upped their price target on Victoria’s Secret & Co. from $101.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, October 19th. Needham & Company LLC began coverage on Victoria’s Secret & Co. in a research report on Friday, October 16th. They issued a “buy” rating and a $106.00 price objective for the company. Telsey Advisory Group boosted their target price on Victoria’s Secret & Co. from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Zacks Research lowered Victoria’s Secret & Co. from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 11th. Finally, TD Cowen increased their price target on Victoria’s Secret & Co. from $75.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, August 18th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Victoria’s Secret & Co. currently has a consensus rating of “Moderate Buy” and a consensus 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.