Victoria’s Secret & Co. (NYSE:VSXY – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are presently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $93.67.
A number of research analysts recently commented on the company. Telsey Advisory Group increased their target price on Victoria’s Secret & Co. from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. Wall Street Zen raised Victoria’s Secret & Co. from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th. Weiss Ratings raised Victoria’s Secret & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Morgan Stanley upped their price objective on Victoria’s Secret & Co. from $101.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, October 19th. Finally, JPMorgan Chase & Co. increased their price objective 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.
Read Our Latest Stock Analysis on Victoria’s Secret & Co.
Victoria’s Secret & Co. Stock Down 2.3%
Shares of NYSE VSXY opened at $110.87 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.36 and a debt-to-equity ratio of 0.92. The company has a market cap of $8.84 billion, a P/E ratio of 32.14, a P/E/G ratio of 0.76 and a beta of 2.11. Victoria’s Secret & Co. has a 52 week low of $33.61 and a 52 week high of $116.32. The business has a 50-day simple moving average of $88.14 and a two-hundred day simple moving average of $71.26.
Victoria’s Secret & Co. (NYSE:VSXY – Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.18. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. Victoria’s Secret & Co. had a net margin of 5.46% and a return on equity of 40.43%. The firm’s revenue was up 10.4% on a year-over-year basis. Research analysts anticipate that Victoria’s Secret & Co. will post 4.75 earnings per share for the current fiscal year.
Insider Activity
In other news, insider Melinda McAfee sold 7,000 shares of the firm’s stock in a transaction that occurred 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 trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 14,000 shares of company stock worth $1,339,750 over the last quarter. 0.52% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Victoria’s Secret & Co.
Large investors have recently added to or reduced their stakes in the company. Independent Advisor Alliance bought a new stake in shares of Victoria’s Secret & Co. in the third quarter worth about $260,000. Meeder Asset Management Inc. raised its position in Victoria’s Secret & Co. by 474.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 38,481 shares of the company’s stock valued at $3,404,000 after purchasing an additional 31,786 shares during the last quarter. Landscape Capital Management L.L.C. raised its position in Victoria’s Secret & Co. by 85.8% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 90,457 shares of the company’s stock valued at $8,002,000 after purchasing an additional 41,775 shares during the last quarter. Voya Investment Management LLC lifted its holdings in Victoria’s Secret & Co. by 2,421.0% in the 3rd quarter. Voya Investment Management LLC now owns 544,003 shares of the company’s stock worth $48,123,000 after buying an additional 522,424 shares during the period. Finally, Public Sector Pension Investment Board lifted its holdings in Victoria’s Secret & Co. by 102.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 620,915 shares of the company’s stock worth $55,038,000 after buying an additional 314,765 shares during the period. Institutional investors own 90.29% of the company’s stock.
Victoria’s Secret & Co. Company Profile
Victoria’s Secret & Co. is a specialty retailer focused on intimate apparel, beauty products and related merchandise. Its offerings include bras, lingerie, panties, sleepwear, apparel, fragrances and body care products. The company operates under the Victoria’s Secret and PINK brands and also owns Adore Me, an intimate-apparel brand with a digital-first business. It serves customers through stores and e-commerce, primarily in North America, as well as through international operations and partners.
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