Insider Selling: Victoria’s Secret & Co. (NYSE:VSXY) Insider Sells $692,300.00 in Stock

Victoria’s Secret & Co. (NYSE:VSXY) insider Melinda Mcafee sold 7,000 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $98.90, for a total transaction of $692,300.00. Following the completion of the sale, the insider owned 156,817 shares in the company, valued at $15,509,201.30. The trade was a 4.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Victoria’s Secret & Co. Stock Performance

Shares of Victoria’s Secret & Co. stock traded up $2.13 during trading on Tuesday, hitting $100.68. 1,480,911 shares of the company’s stock were exchanged, compared to its average volume of 2,069,753. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 0.64 and a beta of 2.11. The business has a 50-day simple moving average of $85.74 and a 200-day simple moving average of $69.88. Victoria’s Secret & Co. has a 52-week low of $33.61 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 posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.77 by $0.18. The company 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 was up 10.4% on a year-over-year basis. On average, research analysts forecast that Victoria’s Secret & Co. will post 4.75 EPS for the current year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Several institutional investors and hedge funds have recently modified their holdings of VSXY. Fortitude Family Office LLC boosted its position in Victoria’s Secret & Co. by 126.7% during the third quarter. Fortitude Family Office LLC now owns 306 shares of the company’s stock worth $27,000 after purchasing an additional 171 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Victoria’s Secret & Co. by 666.7% in the first quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock valued at $29,000 after buying an additional 540 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at approximately $31,000. Integrated Wealth Concepts LLC acquired a new position in shares of Victoria’s Secret & Co. during the 2nd quarter worth approximately $49,000. Finally, Signaturefd LLC raised its stake in shares of Victoria’s Secret & Co. by 83.4% during the 3rd quarter. Signaturefd LLC now owns 552 shares of the company’s stock worth $49,000 after buying an additional 251 shares during the period. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Morgan Stanley upped their target price on Victoria’s Secret & Co. from $101.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, October 19th. TD Cowen boosted their price target on Victoria’s Secret & Co. from $75.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, August 18th. Zacks Research downgraded Victoria’s Secret & Co. from a “strong-buy” rating to a “hold” rating in a report on Friday, September 11th. UBS Group lowered their price objective on Victoria’s Secret & Co. from $95.00 to $87.00 and set a “neutral” rating on the stock in a research report on Friday, September 4th. Finally, Needham & Company LLC began coverage on shares of Victoria’s Secret & Co. in a research note on Friday, October 16th. They set a “buy” rating and a $106.00 price objective on the stock. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.67.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co is a specialty retailer focused on intimate apparel, lingerie, beauty products and related lifestyle merchandise. Its portfolio includes the Victoria’s Secret brand, which offers bras, panties, lingerie, sleepwear, apparel, accessories, fragrances and personal-care products, and PINK, which targets younger customers with lingerie, loungewear, apparel, beauty products and accessories.

The company also operates Adore Me, a digitally focused intimates brand known for a broad range of sizes and subscription-based shopping options.