Analysts Set Victoria’s Secret & Co. (NYSE:VSXY) Target Price at $89.70

Shares of Victoria’s Secret & Co. (NYSE:VSXY) have been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $90.70.

VSXY has been the subject of several research analyst reports. Wells Fargo & Company upped their target price on shares of Victoria’s Secret & Co. from $57.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. UBS Group increased their price objective on Victoria’s Secret & Co. from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 18th. Morgan Stanley restated an “overweight” rating and set a $99.00 price target on shares of Victoria’s Secret & Co. in a research note on Monday, July 6th. The Goldman Sachs Group raised their target price on shares of Victoria’s Secret & Co. from $56.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Finally, Barclays raised their price target on Victoria’s Secret & Co. from $67.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd.

Victoria’s Secret & Co. Stock Down 2.0%

Shares of Victoria’s Secret & Co. stock opened at $87.90 on Friday. 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 company has a 50 day moving average of $85.58 and a 200 day moving average of $65.97. The company has a market capitalization of $6.98 billion, a P/E ratio of 47.26, a P/E/G ratio of 0.60 and a beta of 2.06. Victoria’s Secret & Co. has a 52-week low of $22.02 and a 52-week high of $102.46.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its earnings results on Tuesday, June 2nd. The company reported $0.60 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the company posted $0.09 earnings per share. As a group, research analysts forecast that Victoria’s Secret & Co. will post 4.71 EPS for the current fiscal year.

Insider Activity at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $89.15, for a total value of $71,223,718.00. Following the completion of the transaction, the insider owned 7,810,631 shares in the company, valued at $696,317,753.65. This trade represents a 9.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 2,500,000 shares of company stock worth $212,353,716. 0.52% of the stock is owned by insiders.

Institutional Trading of Victoria’s Secret & Co.

Several large investors have recently modified their holdings of VSXY. Bbfit Investments PTE Ltd. acquired a new stake in Victoria’s Secret & Co. during the 4th quarter valued at $558,521,000. Vanguard Group Inc. boosted its stake in Victoria’s Secret & Co. by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 8,748,614 shares of the company’s stock worth $473,912,000 after buying an additional 263,079 shares during the last quarter. California State Teachers Retirement System purchased a new position in Victoria’s Secret & Co. during the second quarter worth approximately $571,660,000. Dimensional Fund Advisors LP raised its position in shares of Victoria’s Secret & Co. by 10.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,549,501 shares of the company’s stock worth $69,187,000 after buying an additional 238,516 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Victoria’s Secret & Co. by 11.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,011,366 shares of the company’s stock valued at $108,956,000 after purchasing an additional 199,170 shares in the last quarter. 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 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.