Victoria’s Secret & Co. (NYSE:VSXY) Stock Has Average Price Target of $93.67

Victoria’s Secret & Co. (NYSE:VSXY) has received an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $93.67.

Several equities research analysts recently commented on the company. Needham & Company LLC began coverage on Victoria’s Secret & Co. in a report on Friday, October 16th. They issued a “buy” rating and a $106.00 price target for the company. Morgan Stanley upped their price target on shares of Victoria’s Secret & Co. from $101.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, October 19th. Zacks Research cut shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. Wells Fargo & Company increased their target price on Victoria’s Secret & Co. from $100.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, November 3rd. Finally, Barclays raised their price objective on shares of Victoria’s Secret & Co. from $106.00 to $112.00 and gave the stock an “overweight” rating in a report on Tuesday, October 20th.

Victoria’s Secret & Co. Price Performance

Victoria’s Secret & Co. stock opened at $107.93 on Friday. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 31.28, a price-to-earnings-growth ratio of 0.72 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. Victoria’s Secret & Co. has a 1 year low of $33.61 and a 1 year high of $110.27. The firm has a 50-day moving average of $87.12 and a two-hundred day moving average of $70.77.

Victoria’s Secret & Co. (NYSE:VSXY) last released its earnings results on Thursday, September 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.18. Victoria’s Secret & Co. had a return on equity of 40.43% and a net margin of 5.46%. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. The firm’s revenue was up 10.4% on a year-over-year basis. On average, research analysts forecast that Victoria’s Secret & Co. will post 4.75 earnings per share for the current year.

Insider Transactions at Victoria’s Secret & Co.

In other news, insider Melinda McAfee sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $98.90, for a total value of $692,300.00. Following the transaction, the insider owned 156,817 shares of the company’s stock, valued at approximately $15,509,201.30. This represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 have sold 14,000 shares of company stock worth $1,339,750 in the last three months. Company insiders own 0.52% of the company’s stock.

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

Several hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC acquired a new position in Victoria’s Secret & Co. during the 2nd quarter valued at about $39,803,000. Baird Financial Group Inc. purchased a new position in shares of Victoria’s Secret & Co. in the second quarter valued at about $30,622,000. Bank of America Corp DE lifted its holdings in Victoria’s Secret & Co. by 61.9% in the 1st quarter. Bank of America Corp DE now owns 632,358 shares of the company’s stock worth $29,316,000 after buying an additional 241,660 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Victoria’s Secret & Co. by 129.0% in the third quarter. Russell Investments Group Ltd. now owns 344,429 shares of the company’s stock worth $30,470,000 after purchasing an additional 194,017 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Victoria’s Secret & Co. by 39.0% during the 1st quarter. Principal Financial Group Inc. now owns 530,793 shares of the company’s stock valued at $24,608,000 after purchasing an additional 148,876 shares during the period. 90.29% of the stock is currently 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, beauty products and related merchandise. Its offerings include bras, lingerie, panties, sleepwear, apparel, fragrances and body care products.

The company operates under the Victoria’s Secret and PINK brands and also owns Adore Me, an intimate-apparel brand with a digital-first business. It serves customers through stores and e-commerce, primarily in North America, as well as through international operations and partners.

Victoria’s Secret traces its origins to a lingerie retailer founded in 1977.