Victoria’s Secret & Co. (NYSE:VSXY) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Victoria’s Secret & Co. (NYSE:VSXY) to a hold rating in a report published on Tuesday morning,Zacks reports.

Several other equities research analysts have also commented on the company. UBS Group decreased their price target on Victoria’s Secret & Co. from $95.00 to $87.00 and set a “neutral” rating on the stock in a research note on Friday, September 4th. Morgan Stanley upped their price target on shares of Victoria’s Secret & Co. from $99.00 to $101.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Wells Fargo & Company raised their price objective on Victoria’s Secret & Co. from $57.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Weiss Ratings upgraded Victoria’s Secret & Co. from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Finally, Barclays decreased their target price on Victoria’s Secret & Co. from $108.00 to $106.00 and set an “overweight” rating for the company in a research report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $89.00.

Victoria’s Secret & Co. Stock Down 3.4%

Shares of VSXY stock opened at $73.18 on Tuesday. The firm has a market capitalization of $5.84 billion, a PE ratio of 21.21, a P/E/G ratio of 0.51 and a beta of 2.05. The stock’s 50-day simple moving average is $84.99 and its 200-day simple moving average is $67.19. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 1.36. Victoria’s Secret & Co. has a fifty-two week low of $25.09 and a fifty-two week high of $102.46.

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, 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 company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. The company’s quarterly revenue was up 10.4% on a year-over-year basis. Equities analysts expect that Victoria’s Secret & Co. will post 4.72 earnings per share for the current year.

Insider Activity

In other news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $89.15, for a total transaction 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 approximately $696,317,753.65. This trade represents a 9.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 1,364,570 shares of company stock valued at $121,396,640. Corporate 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 company. Geode Capital Management LLC boosted its position in Victoria’s Secret & Co. by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 1,760,139 shares of the company’s stock worth $95,365,000 after acquiring an additional 47,462 shares during the period. Landscape Capital Management L.L.C. grew its stake in Victoria’s Secret & Co. by 47.5% during the 4th quarter. Landscape Capital Management L.L.C. now owns 177,423 shares of the company’s stock valued at $9,611,000 after acquiring an additional 57,133 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Victoria’s Secret & Co. by 212.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 18,754 shares of the company’s stock valued at $869,000 after purchasing an additional 12,750 shares during the period. California State Teachers Retirement System increased its holdings in shares of Victoria’s Secret & Co. by 23.5% in the 1st quarter. California State Teachers Retirement System now owns 84,333 shares of the company’s stock valued at $3,910,000 after purchasing an additional 16,044 shares during the period. Finally, Apollon Wealth Management LLC purchased a new stake in shares of Victoria’s Secret & Co. in the first quarter worth approximately $940,000. 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.