Wall Street Zen lowered shares of Victoria’s Secret & Co. (NYSE:VSXY – Free Report) from a buy rating to a hold rating in a research report released on Monday,Wall Street Zen reports.
Other equities analysts also recently issued research reports about the stock. TD Cowen upped 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 report on Tuesday, August 18th. Wells Fargo & Company lifted their target price on shares of Victoria’s Secret & Co. from $57.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Telsey Advisory Group boosted their price target on shares of 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. Barclays cut their price target on shares of Victoria’s Secret & Co. from $108.00 to $106.00 and set an “overweight” rating for the company in a report on Friday, September 4th. Finally, JPMorgan Chase & Co. raised their price objective on shares of 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. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $89.00.
Read Our Latest Research Report on VSXY
Victoria’s Secret & Co. Trading Down 0.8%
Victoria’s Secret & Co. (NYSE:VSXY – Get Free Report) last issued 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 return on equity of 40.43% and a net margin of 5.46%.The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. Victoria’s Secret & Co.’s quarterly revenue was up 10.4% on a year-over-year basis. Equities analysts anticipate that Victoria’s Secret & Co. will post 4.69 EPS for the current year.
Insiders Place Their Bets
In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $89.15, for a total transaction of $71,223,718.00. Following the transaction, the insider directly owned 7,810,631 shares in the company, valued at approximately $696,317,753.65. This represents a 9.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold 1,364,570 shares of company stock worth $121,396,640 in the last quarter. Corporate insiders own 0.52% of the company’s stock.
Institutional Investors Weigh In On Victoria’s Secret & Co.
A number of hedge funds and other institutional investors have recently modified their holdings of VSXY. Investors Asset Management of Georgia Inc. GA ADV grew its position in shares of Victoria’s Secret & Co. by 4.5% during the first quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,755 shares of the company’s stock worth $267,000 after buying an additional 250 shares in the last quarter. Optimize Financial Inc increased its stake in shares of Victoria’s Secret & Co. by 1.5% in the fourth quarter. Optimize Financial Inc now owns 23,074 shares of the company’s stock worth $1,250,000 after buying an additional 332 shares during the last quarter. ProShare Advisors LLC raised its holdings in Victoria’s Secret & Co. by 2.7% in the fourth quarter. ProShare Advisors LLC now owns 13,601 shares of the company’s stock valued at $737,000 after acquiring an additional 361 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in Victoria’s Secret & Co. by 48.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,122 shares of the company’s stock valued at $61,000 after acquiring an additional 364 shares in the last quarter. Finally, Meros Investment Management LP boosted its stake in Victoria’s Secret & Co. by 4.2% during the 4th quarter. Meros Investment Management LP now owns 9,579 shares of the company’s stock valued at $519,000 after acquiring an additional 388 shares during the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.
Victoria’s Secret & Co. Company Profile
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.
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