Victoria’s Secret & Co. (NYSE:VSXY) Receives $82.60 Consensus Target Price from Analysts

Victoria’s Secret & Co. (NYSE:VSXY) has earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $82.60.

A number of brokerages have commented on VSXY. JPMorgan Chase & Co. lifted their price target on Victoria’s Secret & Co. from $77.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Barclays boosted their target price on Victoria’s Secret & Co. from $67.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Bank of America raised Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and boosted their target price for the company from $58.00 to $68.00 in a research note on Wednesday, April 29th. Weiss Ratings lowered shares of Victoria’s Secret & Co. from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, April 27th. Finally, TD Cowen raised their target price on shares of Victoria’s Secret & Co. from $50.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, June 4th.

Insider Transactions at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc sold 27,758 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $80.03, for a total value of $2,221,472.74. Following the completion of the sale, the insider directly owned 9,175,201 shares of the company’s stock, valued at approximately $734,291,336.03. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Anne Sheehan bought 4,842 shares of the company’s stock in a transaction dated Thursday, April 2nd. The stock was bought at an average cost of $45.86 per share, with a total value of $222,054.12. Following the completion of the transaction, the director owned 34,261 shares in the company, valued at approximately $1,571,209.46. This trade represents a 16.46% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.52% of the company’s stock.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VSXY. Public Sector Pension Investment Board boosted its holdings in Victoria’s Secret & Co. by 14.5% in the third quarter. Public Sector Pension Investment Board now owns 311,502 shares of the company’s stock worth $8,454,000 after acquiring an additional 39,356 shares in the last quarter. Premier Fund Managers Ltd bought a new position in shares of Victoria’s Secret & Co. during the third quarter valued at $540,000. Royce & Associates LP lifted its holdings in Victoria’s Secret & Co. by 11.2% in the third quarter. Royce & Associates LP now owns 398,992 shares of the company’s stock valued at $10,829,000 after acquiring an additional 40,155 shares during the period. Tabor Asset Management LP bought a new position in Victoria’s Secret & Co. in the third quarter valued at about $907,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Victoria’s Secret & Co. in the fourth quarter valued at about $7,790,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Price Performance

Shares of Victoria’s Secret & Co. stock opened at $78.49 on Tuesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.26 and a quick ratio of 0.54. The business’s 50 day simple moving average is $54.79 and its two-hundred day simple moving average is $54.21. The stock has a market capitalization of $6.23 billion, a P/E ratio of 42.20, a price-to-earnings-growth ratio of 0.62 and a beta of 2.16. Victoria’s Secret & Co. has a one year low of $17.53 and a one year high of $81.28.

Victoria’s Secret & Co. (NYSE:VSXY) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.31. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations 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 firm earned $0.09 EPS. Analysts forecast that Victoria’s Secret & Co. will post 4.61 EPS for the current year.

About Victoria’s Secret & Co.

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.