Victoria’s Secret & Co. (NYSE:VSXY) Stock: Insider Melinda Mcafee Sells 7,000 Shares

Victoria’s Secret & Co. (NYSE:VSXY) insider Melinda Mcafee sold 7,000 shares of Victoria’s Secret & Co. 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 sale, the insider directly owned 156,817 shares in the company, valued at $15,509,201.30. The trade was a 4.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Victoria’s Secret & Co. Stock Performance

VSXY opened at $109.10 on Thursday. The stock has a market cap of $8.70 billion, a PE ratio of 31.62, a P/E/G ratio of 0.67 and a beta of 2.11. The company has a current ratio of 1.36, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92. Victoria’s Secret & Co. has a 1 year low of $33.61 and a 1 year high of $109.82. The stock’s 50 day simple moving average is $86.45 and its 200-day simple moving average is $70.31.

Victoria’s Secret & Co. (NYSE:VSXY) last issued its earnings results on Thursday, September 3rd. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.18. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. Victoria’s Secret & Co. had a return on equity of 40.43% and a net margin of 5.46%. The firm’s revenue was up 10.4% compared to the same quarter last year. Sell-side analysts forecast that Victoria’s Secret & Co. will post 4.75 EPS for the current year.

Institutional Trading of Victoria’s Secret & Co.

A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in Victoria’s Secret & Co. by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,943,417 shares of the company’s stock valued at $90,066,000 after buying an additional 50,007 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Victoria’s Secret & Co. by 0.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,343,203 shares of the company’s stock worth $62,271,000 after buying an additional 12,238 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Victoria’s Secret & Co. by 61.9% during the first 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 in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Victoria’s Secret & Co. by 39.0% during the first quarter. Principal Financial Group Inc. now owns 530,793 shares of the company’s stock worth $24,608,000 after buying an additional 148,876 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Victoria’s Secret & Co. in the second quarter valued at approximately $39,803,000. 90.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on VSXY shares. Morgan Stanley raised their price objective on shares of Victoria’s Secret & Co. from $101.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, October 19th. TD Cowen lifted their target price on shares of Victoria’s Secret & Co. from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, August 18th. Needham & Company LLC assumed coverage on shares of Victoria’s Secret & Co. in a research note on Friday, October 16th. They issued a “buy” rating and a $106.00 target price on the stock. BMO Capital Markets started coverage on shares of Victoria’s Secret & Co. in a research note on Tuesday, September 8th. They issued a “market perform” rating and a $80.00 target price on the stock. Finally, Barclays increased their price target on shares of Victoria’s Secret & Co. from $106.00 to $112.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 20th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.67.

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.