Victoria’s Secret & Co. (NYSE:VSXY) Rating Lowered to “Hold” at Wall Street Zen

Victoria’s Secret & Co. (NYSE:VSXY) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Monday, Wall Street Zen reports.

Other equities analysts have also issued reports about the company. Morgan Stanley upped their target price on Victoria’s Secret & Co. from $99.00 to $101.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Telsey Advisory Group lifted their price target 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. Wells Fargo & Company upped their price target on shares of Victoria’s Secret & Co. from $57.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. The Goldman Sachs Group upped their price objective on Victoria’s Secret & Co. from $56.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Finally, UBS Group reduced their target price on Victoria’s Secret & Co. from $95.00 to $87.00 and set a “neutral” rating on the stock in a report on Friday, September 4th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $89.00.

Victoria’s Secret & Co. Stock Up 3.0%

Shares of NYSE VSXY opened at $84.07 on Monday. Victoria’s Secret & Co. has a 1 year low of $25.09 and a 1 year high of $102.46. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 0.55 and a beta of 2.05. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 1.36. The stock’s 50-day simple moving average is $84.87 and its 200-day simple moving average is $68.05.

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

Insiders Place Their Bets

In related news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider owned 7,810,631 shares of the company’s stock, valued at $696,317,753.65. This represents a 9.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 1,364,570 shares of company stock valued at $121,396,640 over the last three months. Corporate insiders own 0.52% of the company’s stock.

Institutional Trading of Victoria’s Secret & Co.

A number of institutional investors have recently made changes to their positions in the stock. Bbfit Investments PTE Ltd. purchased a new position in shares of Victoria’s Secret & Co. in the fourth quarter worth approximately $558,521,000. Squarepoint Ops LLC acquired a new position in Victoria’s Secret & Co. in the 2nd quarter worth approximately $39,803,000. Baird Financial Group Inc. purchased a new position in Victoria’s Secret & Co. during the 2nd quarter worth approximately $30,622,000. Bank of America Corp DE grew its position in Victoria’s Secret & Co. by 61.9% during the 1st quarter. Bank of America Corp DE now owns 632,358 shares of the company’s stock worth $29,316,000 after purchasing an additional 241,660 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Victoria’s Secret & Co. by 11.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,011,366 shares of the company’s stock worth $108,956,000 after purchasing an additional 199,170 shares in the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

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.