Victoria’s Secret & Co. (NYSE:VSXY) Receives $89.00 Average Price Target from Analysts

Shares of Victoria’s Secret & Co. (NYSE:VSXYGet Free Report) have earned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $89.00.

A number of equities research analysts recently commented on VSXY shares. Jefferies Financial Group cut Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $65.00 to $73.00 in a research note on Wednesday, June 3rd. Wall Street Zen cut Victoria’s Secret & Co. from a “buy” rating to a “hold” rating in a report on Monday. Wells Fargo & Company boosted their target price on Victoria’s Secret & Co. from $57.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. BMO Capital Markets began 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 price objective for the company. Finally, Morgan Stanley upped their target price on shares of Victoria’s Secret & Co. from $99.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, September 4th.

Check Out Our Latest Research Report on VSXY

Victoria’s Secret & Co. Trading Down 0.8%

Shares of NYSE VSXY opened at $83.18 on Thursday. The company’s 50 day simple moving average is $84.84 and its 200 day simple moving average is $68.27. Victoria’s Secret & Co. has a fifty-two week low of $25.09 and a fifty-two week high of $102.46. The firm has a market capitalization of $6.63 billion, a P/E ratio of 24.11, a P/E/G ratio of 0.57 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.

Victoria’s Secret & Co. (NYSE:VSXYGet Free Report) last released its earnings results on Thursday, September 3rd. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.18. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. Victoria’s Secret & Co. had a net margin of 5.46% and a return on equity of 40.43%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, analysts predict that Victoria’s Secret & Co. will post 4.69 EPS for the current year.

Insider Activity

In related news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the company’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 sale, the insider owned 7,810,631 shares in the company, valued at $696,317,753.65. This represents a 9.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have sold 1,364,570 shares of company stock valued at $121,396,640. 0.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bbfit Investments PTE Ltd. acquired a new stake in shares of Victoria’s Secret & Co. during the fourth quarter worth about $558,521,000. Goldman Sachs Group Inc. grew its position in shares of Victoria’s Secret & Co. by 11.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,011,366 shares of the company’s stock valued at $108,956,000 after purchasing an additional 199,170 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Victoria’s Secret & Co. by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,943,417 shares of the company’s stock valued at $90,066,000 after purchasing an additional 50,007 shares during the period. Geode Capital Management LLC lifted its stake in Victoria’s Secret & Co. by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 1,760,139 shares of the company’s stock valued at $95,365,000 after buying an additional 47,462 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Victoria’s Secret & Co. by 0.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,343,203 shares of the company’s stock valued at $62,271,000 after buying an additional 12,238 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors.

Victoria’s Secret & Co. Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Victoria's Secret & Co. (NYSE:VSXY)

Receive News & Ratings for Victoria's Secret & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Victoria's Secret & Co. and related companies with MarketBeat.com's FREE daily email newsletter.