Victoria’s Secret & Co. (NYSE:VSXY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Victoria’s Secret & Co. (NYSE:VSXY) have received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $82.60.

Several equities research analysts have recently commented on the stock. Barclays boosted their price target on shares of Victoria’s Secret & Co. from $67.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Weiss Ratings raised shares of Victoria’s Secret & Co. from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 24th. Telsey Advisory Group lifted their price objective on shares of Victoria’s Secret & Co. from $71.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. UBS Group downgraded shares of Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $81.00 to $90.00 in a research note on Wednesday, June 3rd. Finally, Wall Street Zen lowered Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 5th.

Victoria’s Secret & Co. Stock Performance

VSXY stock opened at $76.46 on Friday. Victoria’s Secret & Co. has a 1-year low of $17.53 and a 1-year high of $88.57. The business has a 50-day moving average price of $63.88 and a 200 day moving average price of $57.95. The company has a market capitalization of $6.07 billion, a P/E ratio of 41.11, a PEG ratio of 0.61 and a beta of 2.07. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.26 and a quick ratio of 0.41.

Victoria’s Secret & Co. (NYSE:VSXY) last issued its earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.31. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Victoria’s Secret & Co. had a net margin of 3.11% and a return on equity of 38.03%. During the same period in the prior year, the business earned $0.09 EPS. As a group, equities research analysts forecast that Victoria’s Secret & Co. will post 4.61 EPS for the current fiscal year.

Insider Activity at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc sold 1,107,672 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $80.11, for a total value of $88,735,603.92. Following the completion of the transaction, the insider directly owned 9,202,959 shares of the company’s stock, valued at approximately $737,249,045.49. The trade was a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 1,411,601 shares of company stock valued at $115,398,210. Insiders own 0.52% of the company’s stock.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its stake in Victoria’s Secret & Co. by 666.7% in the first quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock valued at $29,000 after purchasing an additional 540 shares during the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of Victoria’s Secret & Co. during the fourth quarter valued at about $33,000. Hantz Financial Services Inc. boosted its holdings in shares of Victoria’s Secret & Co. by 104.3% in the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the company’s stock valued at $44,000 after buying an additional 414 shares in the last quarter. DV Equities LLC bought a new stake in shares of Victoria’s Secret & Co. in the 4th quarter valued at about $49,000. Finally, Quantbot Technologies LP purchased a new position in shares of Victoria’s Secret & Co. in the 3rd quarter worth approximately $53,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

About Victoria’s Secret & Co.

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.