Insider Selling: Victoria’s Secret & Co. (NYSE:VSXY) Insider Sells 4,500 Shares of Stock

Victoria’s Secret & Co. (NYSE:VSXY) insider Melinda Mcafee sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $91.10, for a total value of $409,950.00. Following the sale, the insider owned 166,317 shares in the company, valued at approximately $15,151,478.70. This represents a 2.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Victoria’s Secret & Co. Stock Down 4.5%

Shares of NYSE:VSXY traded down $4.05 during midday trading on Tuesday, hitting $85.36. The stock had a trading volume of 2,040,442 shares, compared to its average volume of 2,131,000. Victoria’s Secret & Co. has a 12 month low of $28.04 and a 12 month high of $102.46. 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 business’s 50-day simple moving average is $85.34 and its 200-day simple moving average is $70.62. The company has a market cap of $6.81 billion, a P/E ratio of 24.74, a PEG ratio of 0.62 and a beta of 2.01.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.18. The firm had revenue of $1.61 billion for 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%. Victoria’s Secret & Co.’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, sell-side analysts forecast that Victoria’s Secret & Co. will post 4.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on VSXY shares. Morgan Stanley upped their price objective on 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. UBS Group cut their price target on Victoria’s Secret & Co. from $95.00 to $87.00 and set a “neutral” rating for the company in a report on Friday, September 4th. Wall Street Zen downgraded shares of Victoria’s Secret & Co. from a “buy” rating to a “hold” rating in a report on Monday, September 21st. Zacks Research lowered shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 11th. Finally, Weiss Ratings raised shares of Victoria’s Secret & Co. from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, September 8th. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $89.91.

Institutional Investors Weigh In On Victoria’s Secret & Co.

Institutional investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC acquired a new position in shares of Victoria’s Secret & Co. in the second quarter valued at about $405,000. Tidal Investments LLC bought a new position in Victoria’s Secret & Co. during the second quarter worth about $2,308,000. Integrated Wealth Concepts LLC acquired a new stake in Victoria’s Secret & Co. in the 2nd quarter worth about $49,000. Squarepoint Ops LLC acquired a new stake in Victoria’s Secret & Co. in the 2nd quarter worth about $39,803,000. Finally, Baird Financial Group Inc. bought a new stake in Victoria’s Secret & Co. in the 2nd quarter valued at about $30,622,000. Institutional investors own 90.29% of the company’s stock.

About Victoria’s Secret & Co.

Victoria’s Secret & Co is a specialty retailer focused on women’s intimate apparel, lingerie, beauty products, sleepwear, loungewear and related accessories. Its portfolio includes the Victoria’s Secret brand, which offers bras, panties, sleepwear, apparel, fragrances and body-care products, and PINK, a lifestyle brand serving younger consumers with intimates, apparel, beauty products and accessories. The company also owns Adore Me, a digitally focused intimate-apparel brand.

The company sells its products through company-operated stores, digital platforms and selected wholesale and partner channels.