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

Victoria’s Secret & Co. (NYSE:VSXY) was upgraded by investment analysts at BMO Capital Markets to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Several other research firms have also recently issued reports on VSXY. Morgan Stanley upped their price objective on 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. JPMorgan Chase & Co. raised their price objective on shares of Victoria’s Secret & Co. from $88.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. UBS Group lowered their target price on shares of Victoria’s Secret & Co. from $95.00 to $87.00 and set a “neutral” rating for the company in a report on Friday, September 4th. Jefferies Financial Group cut shares of Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and upped their target price for the company from $65.00 to $73.00 in a report on Wednesday, June 3rd. Finally, TD Cowen lifted their price target on shares of Victoria’s Secret & Co. from $75.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Victoria’s Secret & Co. presently has an average rating of “Moderate Buy” and an average target price of $89.00.

Victoria’s Secret & Co. Stock Down 3.4%

VSXY stock opened at $73.18 on Tuesday. Victoria’s Secret & Co. has a fifty-two week low of $25.09 and a fifty-two week high of $102.46. The company’s 50 day moving average price is $84.99 and its 200 day moving average price 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. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 0.51 and a beta of 2.05.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.95 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.62 billion. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities research analysts anticipate that Victoria’s Secret & Co. will post 4.72 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $89.15, for a total value of $71,223,718.00. Following the completion of the sale, the insider directly owned 7,810,631 shares of the company’s stock, valued at approximately $696,317,753.65. This represents a 9.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 1,364,570 shares of company stock valued at $121,396,640 in the last quarter. Insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC boosted its holdings in Victoria’s Secret & Co. by 666.7% during the first quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock worth $29,000 after buying an additional 540 shares in the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Victoria’s Secret & Co. during the fourth quarter worth $33,000. Hantz Financial Services Inc. grew its holdings in Victoria’s Secret & Co. by 104.3% in the fourth quarter. Hantz Financial Services Inc. now owns 811 shares of the company’s stock valued at $44,000 after purchasing an additional 414 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Victoria’s Secret & Co. in the second quarter valued at $49,000. Finally, DV Equities LLC acquired a new position in shares of Victoria’s Secret & Co. during the 4th quarter worth $49,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

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.