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

Shares of Victoria’s Secret & Co. (NYSE:VSXY) have earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $86.50.

A number of research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of 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. UBS Group lowered Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and raised their price target for the stock from $81.00 to $90.00 in a report on Wednesday, June 3rd. Wells Fargo & Company lifted their price target 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 Wednesday, June 24th. Finally, TD Cowen increased their price objective on Victoria’s Secret & Co. from $50.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, June 4th.

Insider Activity

In other news, major shareholder International Pte Ltd Bbrc sold 276,171 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $88.50, for a total value of $24,441,133.50. Following the sale, the insider directly owned 8,899,030 shares of the company’s stock, valued at approximately $787,564,155. This represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 1,411,601 shares of company stock valued at $115,398,210 over the last quarter. Corporate insiders own 0.52% of the company’s stock.

Institutional Trading of Victoria’s Secret & Co.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bbfit Investments PTE Ltd. bought a new position in Victoria’s Secret & Co. in the 4th quarter valued at $558,521,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of Victoria’s Secret & Co. in the fourth quarter worth $87,786,000. Marshall Wace LLP raised its position in shares of Victoria’s Secret & Co. by 301.4% in the fourth quarter. Marshall Wace LLP now owns 1,792,727 shares of the company’s stock worth $97,112,000 after buying an additional 1,346,104 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Victoria’s Secret & Co. by 1,454.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,045,465 shares of the company’s stock worth $56,634,000 after buying an additional 978,194 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in Victoria’s Secret & Co. during the third quarter valued at $20,870,000. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

NYSE VSXY opened at $76.39 on Friday. The company has a market cap of $6.07 billion, a PE ratio of 41.07, a price-to-earnings-growth ratio of 0.61 and a beta of 2.07. Victoria’s Secret & Co. has a 52 week low of $17.53 and a 52 week high of $88.57. The company has a quick ratio of 0.41, a current ratio of 1.26 and a debt-to-equity ratio of 1.17. The firm’s 50-day simple moving average is $65.37 and its two-hundred day simple moving average is $58.47.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.31. Victoria’s Secret & Co. had a net margin of 3.11% and a return on equity of 38.03%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the company earned $0.09 earnings per share. Research analysts predict that Victoria’s Secret & Co. will post 4.65 earnings per share for the current year.

Victoria’s Secret & Co. Company Profile

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.