Victoria’s Secret & Co. (NYSE:VSXY) Stock Has Consensus Target Price of $89.91

Victoria’s Secret & Co. (NYSE:VSXY) has received a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $89.91.

Several equities research analysts have weighed in on VSXY shares. Wall Street Zen cut Victoria’s Secret & Co. from a “buy” rating to a “hold” rating in a research note on Monday, September 21st. Weiss Ratings upgraded Victoria’s Secret & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Zacks Research lowered Victoria’s Secret & Co. from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. Barclays lowered their price target on Victoria’s Secret & Co. from $108.00 to $106.00 and set an “overweight” rating for the company in a report on Friday, September 4th. Finally, Telsey Advisory Group upped their price objective on Victoria’s Secret & Co. from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd.

Victoria’s Secret & Co. Trading Down 1.0%

Shares of Victoria’s Secret & Co. stock opened at $87.89 on Monday. The firm has a 50-day moving average of $84.98 and a 200-day moving average of $72.65. The stock has a market cap of $7.01 billion, a PE ratio of 25.48, a PEG ratio of 0.60 and a beta of 2.01. Victoria’s Secret & Co. has a 52-week low of $29.65 and a 52-week high of $102.46. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 1.36.

Victoria’s Secret & Co. (NYSE:VSXY) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.18. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Victoria’s Secret & Co. had a net margin of 5.46% and a return on equity of 40.43%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Victoria’s Secret & Co. will post 4.69 EPS for the current year.

Insider Buying and Selling

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 7,810,631 shares in the company, valued at $696,317,753.65. This trade represents a 9.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Melinda McAfee sold 4,500 shares of the business’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $91.10, for a total transaction of $409,950.00. Following the sale, the insider directly owned 166,317 shares in the company, valued at approximately $15,151,478.70. The trade was a 2.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,092,899 shares of company stock valued at $97,365,456. 0.52% of the stock is owned by corporate insiders.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Fortitude Family Office LLC raised its position in Victoria’s Secret & Co. by 126.7% in the third quarter. Fortitude Family Office LLC now owns 306 shares of the company’s stock valued at $27,000 after purchasing an additional 171 shares during the last quarter. ANB Bank acquired a new stake in shares of Victoria’s Secret & Co. during the third quarter valued at about $304,000. GK Wealth Management LLC acquired a new stake in shares of Victoria’s Secret & Co. during the third quarter valued at about $103,000. GAMMA Investing LLC boosted its stake in shares of Victoria’s Secret & Co. by 11.7% during the third quarter. GAMMA Investing LLC now owns 9,411 shares of the company’s stock valued at $832,000 after purchasing an additional 985 shares in the last quarter. Finally, MRA Advisory Group bought a new stake in shares of Victoria’s Secret & Co. during the third quarter worth about $770,000. 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 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.