Victoria’s Secret & Co. (NYSE:VSXY) Receives Average Rating of “Moderate Buy” from Brokerages

Victoria’s Secret & Co. (NYSE:VSXY) has been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $82.60.

VSXY has been the subject of several research reports. Wall Street Zen lowered shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 5th. JPMorgan Chase & Co. increased their target price on shares of Victoria’s Secret & Co. from $77.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday. Barclays increased their target price on shares of Victoria’s Secret & Co. from $67.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Bank of America upgraded shares of Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and increased their target price for the stock from $58.00 to $68.00 in a research report on Wednesday, April 29th. Finally, Weiss Ratings lowered shares of Victoria’s Secret & Co. from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th.

Insiders Place Their Bets

In other Victoria’s Secret & Co. news, Director Anne Sheehan bought 4,842 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was purchased at an average price of $45.86 per share, for a total transaction of $222,054.12. Following the completion of the transaction, the director directly owned 34,261 shares of the company’s stock, valued at $1,571,209.46. This trade represents a 16.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $80.11, for a total transaction of $88,735,603.92. Following the transaction, the insider owned 9,202,959 shares of the company’s stock, valued at $737,249,045.49. This represents a 10.74% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Victoria’s Secret & Co.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its position in 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 purchasing an additional 241,660 shares during the period. Edgestream Partners L.P. lifted its holdings in shares of Victoria’s Secret & Co. by 113.9% in the first quarter. Edgestream Partners L.P. now owns 32,718 shares of the company’s stock worth $1,517,000 after buying an additional 17,425 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Victoria’s Secret & Co. by 3.5% in the first quarter. Janus Henderson Group PLC now owns 57,928 shares of the company’s stock worth $2,685,000 after buying an additional 1,974 shares in the last quarter. Amundi lifted its holdings in shares of Victoria’s Secret & Co. by 28.8% in the first quarter. Amundi now owns 20,308 shares of the company’s stock worth $941,000 after buying an additional 4,537 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Victoria’s Secret & Co. by 23.5% in the first quarter. California State Teachers Retirement System now owns 84,333 shares of the company’s stock worth $3,910,000 after buying an additional 16,044 shares in the last quarter. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

VSXY opened at $76.35 on Tuesday. The firm has a market cap of $6.06 billion, a P/E ratio of 41.05, a PEG ratio of 0.67 and a beta of 2.16. The firm has a 50-day moving average of $52.24 and a 200 day moving average of $53.17. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.54 and a current ratio of 1.25. Victoria’s Secret & Co. has a fifty-two week low of $17.53 and a fifty-two week high of $81.28.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.31. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. Victoria’s Secret & Co. had a net margin of 3.11% and a return on equity of 38.95%. During the same quarter in the prior year, the business earned $0.09 earnings per share. On average, research analysts expect that Victoria’s Secret & Co. will post 4.07 EPS for the current year.

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.