Victoria’s Secret & Co. (NYSE:VSXY) Price Target Raised to $120.00

Victoria’s Secret & Co. (NYSE:VSXY) had its target price upped by Wells Fargo & Company from $100.00 to $120.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

VSXY has been the subject of several other research reports. BMO Capital Markets initiated coverage on shares of Victoria’s Secret & Co. in a research report on Tuesday, September 8th. They issued a “market perform” rating and a $80.00 price target for the company. Wall Street Zen raised Victoria’s Secret & Co. from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. Morgan Stanley lifted their price objective on Victoria’s Secret & Co. from $101.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, October 19th. UBS Group lowered their price objective 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. Finally, Barclays increased their target price on Victoria’s Secret & Co. from $106.00 to $112.00 and gave the stock an “overweight” rating in a report on Tuesday, October 20th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.67.

Victoria’s Secret & Co. Trading Down 2.6%

Shares of Victoria’s Secret & Co. stock opened at $106.11 on Tuesday. Victoria’s Secret & Co. has a 52-week low of $33.61 and a 52-week high of $110.27. The firm has a market capitalization of $8.46 billion, a PE ratio of 30.76, a price-to-earnings-growth ratio of 0.73 and a beta of 2.11. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.36 and a quick ratio of 0.57. The company’s fifty day moving average price is $86.75 and its two-hundred day moving average price is $70.55.

Victoria’s Secret & Co. (NYSE:VSXY) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.18. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. Victoria’s Secret & Co. had a net margin of 5.46% and a return on equity of 40.43%. Victoria’s Secret & Co.’s revenue was up 10.4% compared to the same quarter last year. On average, analysts expect that Victoria’s Secret & Co. will post 4.75 EPS for the current year.

Insider Activity

In other Victoria’s Secret & Co. news, insider Melinda McAfee sold 7,000 shares of Victoria’s Secret & Co. stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $98.90, for a total transaction of $692,300.00. Following the completion of the transaction, the insider directly owned 156,817 shares of the company’s stock, valued at approximately $15,509,201.30. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 14,000 shares of company stock worth $1,339,750 over the last three months. 0.52% of the stock is currently owned by company insiders.

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

Several large investors have recently made changes to their positions in VSXY. Fortitude Family Office LLC raised its stake in shares of Victoria’s Secret & Co. by 126.7% in the third quarter. Fortitude Family Office LLC now owns 306 shares of the company’s stock valued at $27,000 after acquiring an additional 171 shares during the last quarter. Parallel Advisors LLC grew its position in Victoria’s Secret & Co. by 666.7% during the 1st quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock worth $29,000 after acquiring an additional 540 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in Victoria’s Secret & Co. during the 3rd quarter worth approximately $31,000. Integrated Wealth Concepts LLC bought a new stake in Victoria’s Secret & Co. during the 2nd quarter worth approximately $49,000. Finally, Signaturefd LLC grew its position in Victoria’s Secret & Co. by 83.4% during the 3rd quarter. Signaturefd LLC now owns 552 shares of the company’s stock worth $49,000 after acquiring an additional 251 shares during the last quarter. 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 intimate apparel, lingerie, beauty products and related lifestyle merchandise. Its portfolio includes the Victoria’s Secret brand, which offers bras, panties, lingerie, sleepwear, apparel, accessories, fragrances and personal-care products, and PINK, which targets younger customers with lingerie, loungewear, apparel, beauty products and accessories.

The company also operates Adore Me, a digitally focused intimates brand known for a broad range of sizes and subscription-based shopping options.