Victoria’s Secret & Co. (NYSE:VSXY) Shares Climb 5.2% – Here’s What Happened

Victoria’s Secret & Co. (NYSE:VSXY) traded up 5.2% on Monday. The stock traded as high as $87.98 and last traded at $87.15. 190,254 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 2,111,427 shares. The stock had previously closed at $82.87.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VSXY. UBS Group cut their target price on Victoria’s Secret & Co. from $95.00 to $87.00 and set a “neutral” rating for the company in a research report on Friday, September 4th. Barclays decreased their price target on Victoria’s Secret & Co. from $108.00 to $106.00 and set an “overweight” rating on the stock in a research report on Friday, September 4th. Morgan Stanley boosted their price target 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. BMO Capital Markets assumed coverage on shares of Victoria’s Secret & Co. in a research report on Tuesday, September 8th. They set a “market perform” rating and a $80.00 price objective for the company. Finally, Telsey Advisory Group upped their price objective on shares of 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. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Victoria’s Secret & Co. has an average rating of “Moderate Buy” and an average price target of $89.91.

Victoria’s Secret & Co. Price Performance

The company has a current ratio of 1.36, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 0.56 and a beta of 2.01. The company’s 50-day moving average is $85.03 and its 200-day moving average is $71.71.

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

Insiders Place Their Bets

In other news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $89.15, for a total transaction of $71,223,718.00. Following the completion of the transaction, the insider owned 7,810,631 shares of the company’s stock, valued at approximately $696,317,753.65. The trade was a 9.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Melinda R. 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 value of $409,950.00. Following the transaction, the insider directly owned 166,317 shares of the company’s stock, valued at $15,151,478.70. This trade represents a 2.63% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,092,899 shares of company stock worth $97,365,456. Company insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bbfit Investments PTE Ltd. acquired a new position in Victoria’s Secret & Co. during the fourth quarter worth about $558,521,000. Dimensional Fund Advisors LP lifted its holdings in shares of Victoria’s Secret & Co. by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,943,417 shares of the company’s stock worth $90,066,000 after acquiring an additional 50,007 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Victoria’s Secret & Co. by 0.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,343,203 shares of the company’s stock worth $62,271,000 after acquiring an additional 12,238 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Victoria’s Secret & Co. in the 2nd quarter valued at approximately $39,803,000. Finally, Baird Financial Group Inc. acquired a new stake in shares of Victoria’s Secret & Co. in the 2nd quarter valued at approximately $30,622,000. 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.