Analysts Set Victoria’s Secret & Co. (NYSE:VSXY) PT at $89.70

Shares of Victoria’s Secret & Co. (NYSE:VSXYGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $89.70.

A number of equities analysts recently weighed in on VSXY shares. Jefferies Financial Group lowered shares of Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and upped their target price for the stock from $65.00 to $73.00 in a research report on Wednesday, June 3rd. Weiss Ratings upgraded Victoria’s Secret & Co. from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 24th. Telsey Advisory Group boosted their target price on Victoria’s Secret & Co. from $71.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. The Goldman Sachs Group raised their price target on Victoria’s Secret & Co. from $56.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Finally, Wells Fargo & Company lifted their price objective on Victoria’s Secret & Co. from $57.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd.

Check Out Our Latest Stock Report on Victoria’s Secret & Co.

Insider Activity at Victoria’s Secret & Co.

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of Victoria’s Secret & Co. stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $80.11, for a total transaction of $88,735,603.92. Following the completion of the transaction, the insider directly owned 9,202,959 shares of the company’s stock, valued at $737,249,045.49. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 2,500,000 shares of company stock valued at $212,353,716. 0.52% of the stock is currently owned by insiders.

Institutional Trading of Victoria’s Secret & Co.

Hedge funds and other institutional investors have recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Victoria’s Secret & Co. during the second quarter valued at approximately $2,817,000. California State Teachers Retirement System bought a new position in Victoria’s Secret & Co. in the second quarter worth approximately $571,660,000. Wedmont Private Capital purchased a new position in Victoria’s Secret & Co. during the 2nd quarter worth $425,000. HB Wealth Management LLC purchased a new position in Victoria’s Secret & Co. during the 2nd quarter worth $267,000. Finally, Oakmont Investment Advisors Inc. bought a new stake in Victoria’s Secret & Co. during the 2nd quarter valued at $487,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

Shares of VSXY stock opened at $87.39 on Friday. The company has a quick ratio of 0.41, a current ratio of 1.26 and a debt-to-equity ratio of 1.17. The company has a 50 day moving average price of $85.06 and a 200-day moving average price of $65.40. Victoria’s Secret & Co. has a 52 week low of $21.39 and a 52 week high of $102.46. The firm has a market capitalization of $6.94 billion, a PE ratio of 46.98, a P/E/G ratio of 0.60 and a beta of 2.06.

Victoria’s Secret & Co. (NYSE:VSXYGet Free Report) last released its quarterly earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.31. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. Victoria’s Secret & Co. had a return on equity of 38.03% and a net margin of 3.11%.During the same period in the previous year, the company posted $0.09 EPS. As a group, equities research analysts expect that Victoria’s Secret & Co. will post 4.7 earnings per share for the current year.

About Victoria’s Secret & Co.

(Get Free Report)

Victoria’s Secret & Co is a leading designer, manufacturer and marketer of intimate apparel, beauty products and accessories for women. The company operates a portfolio of brands that includes Victoria’s Secret, renowned for its lingerie, bras and sleepwear; PINK, a line targeting younger consumers with activewear and lifestyle products; and Victoria’s Secret Beauty, offering fragrances, cosmetics and personal care items. Products are sold through retail stores as well as direct-to-consumer channels, including e-commerce platforms and mobile applications.

The origins of Victoria’s Secret date back to 1977, when founders Roy and Gaye Raymond opened the first store in San Francisco.

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

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