Victoria’s Secret & Co. (NYSE:VSXY) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Victoria’s Secret & Co. (NYSE:VSXY) have been given a consensus rating of “Moderate Buy” by the thirteen analysts that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $90.70.

A number of equities research analysts have weighed in on VSXY shares. TD Cowen lifted their target price on Victoria’s Secret & Co. from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, August 18th. Weiss Ratings raised Victoria’s Secret & Co. from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 24th. The Goldman Sachs Group raised their price target 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. UBS Group lifted their price objective on Victoria’s Secret & Co. from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Tuesday, August 18th. Finally, Jefferies Financial Group lowered shares of Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and upped their price objective for the stock from $65.00 to $73.00 in a research note on Wednesday, June 3rd.

Insider Buying and Selling

In other news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $80.11, for a total value of $88,735,603.92. Following the completion of the sale, the insider owned 9,202,959 shares in the company, valued at approximately $737,249,045.49. The trade was a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 2,500,000 shares of company stock worth $212,353,716. Company insiders own 0.52% of the company’s stock.

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

Several hedge funds have recently modified their holdings of VSXY. Smartleaf Asset Management LLC increased its holdings in Victoria’s Secret & Co. by 11.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,935 shares of the company’s stock valued at $106,000 after buying an additional 199 shares during the period. Maryland State Retirement & Pension System lifted its holdings in Victoria’s Secret & Co. by 2.1% during the fourth quarter. Maryland State Retirement & Pension System now owns 11,725 shares of the company’s stock worth $635,000 after buying an additional 245 shares during the period. Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in Victoria’s Secret & Co. by 4.5% during the first quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,755 shares of the company’s stock worth $267,000 after buying an additional 250 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Victoria’s Secret & Co. by 1.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,308 shares of the company’s stock valued at $992,000 after acquiring an additional 286 shares in the last quarter. Finally, Optimize Financial Inc boosted its position in Victoria’s Secret & Co. by 1.5% during the 4th quarter. Optimize Financial Inc now owns 23,074 shares of the company’s stock valued at $1,250,000 after acquiring an additional 332 shares in the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

Victoria’s Secret & Co. stock opened at $89.60 on Friday. The company has a 50 day moving average price of $85.46 and a 200-day moving average price of $65.82. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 1.26. Victoria’s Secret & Co. has a fifty-two week low of $21.91 and a fifty-two week high of $102.46. The company has a market capitalization of $7.12 billion, a PE ratio of 48.17, a P/E/G ratio of 0.62 and a beta of 2.06.

Victoria’s Secret & Co. (NYSE:VSXY) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.31. Victoria’s Secret & Co. had a return on equity of 38.03% and a net margin of 3.11%.The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the business earned $0.09 earnings per share. As a group, equities analysts forecast that Victoria’s Secret & Co. will post 4.7 earnings per share 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.