Victoria’s Secret & Co. (NYSE:VSXY) Upgraded at BMO Capital Markets

Victoria’s Secret & Co. (NYSE:VSXY) was upgraded by stock analysts at BMO Capital Markets to a “hold” rating in a report released on Tuesday, Zacks reports.

A number of other equities analysts also recently weighed in on VSXY. Weiss Ratings raised shares of Victoria’s Secret & Co. from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. TD Cowen boosted their target price on Victoria’s Secret & Co. from $75.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, August 18th. Barclays cut their target price on Victoria’s Secret & Co. from $108.00 to $106.00 and set an “overweight” rating on the stock in a research note on Friday, September 4th. Wells Fargo & Company lifted their price target 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. Finally, Telsey Advisory Group upped their target price 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. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $89.00.

Victoria’s Secret & Co. Price Performance

Shares of Victoria’s Secret & Co. stock opened at $73.18 on Tuesday. The company’s fifty day simple moving average is $84.99 and its two-hundred day simple moving average is $67.19. Victoria’s Secret & Co. has a 12-month low of $25.09 and a 12-month high of $102.46. The firm has a market cap of $5.84 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 0.51 and a beta of 2.05. The company has a quick ratio of 0.41, a current ratio of 1.36 and a debt-to-equity ratio of 0.92.

Victoria’s Secret & Co. (NYSE:VSXY) last announced its earnings results on Thursday, September 3rd. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. The company’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, equities analysts expect that Victoria’s Secret & Co. will post 4.72 EPS for the current year.

Insider Activity

In related news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of Victoria’s Secret & Co. stock in a transaction on Tuesday, July 28th. The stock was 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 of the company’s stock, valued at $696,317,753.65. The trade was a 9.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders sold 1,364,570 shares of company stock valued at $121,396,640. Company insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Baird Financial Group Inc. bought a new position in shares of Victoria’s Secret & Co. in the 1st quarter worth approximately $233,000. Royal Bank of Canada increased its holdings in Victoria’s Secret & Co. by 279.1% during the first quarter. Royal Bank of Canada now owns 47,839 shares of the company’s stock valued at $888,000 after buying an additional 35,220 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Victoria’s Secret & Co. by 2.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,949 shares of the company’s stock valued at $1,170,000 after buying an additional 1,797 shares during the last quarter. Invesco Ltd. raised its position in Victoria’s Secret & Co. by 8.0% in the second quarter. Invesco Ltd. now owns 772,884 shares of the company’s stock worth $14,314,000 after acquiring an additional 57,048 shares during the period. Finally, First Trust Advisors LP raised its position in Victoria’s Secret & Co. by 194.4% in the second quarter. First Trust Advisors LP now owns 152,625 shares of the company’s stock worth $2,827,000 after acquiring an additional 100,787 shares during the period. 90.29% of the stock is owned by hedge funds and other institutional investors.

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.