Victoria's Secret & Co. (NYSE:VSXY) Raised to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Victoria’s Secret & Co. from “hold” to “buy.” The stock has a “Moderate Buy” consensus among analysts, with an average price target of $91.25.
• Victoria’s Secret reported quarterly EPS of $0.95, exceeding the $0.77 consensus estimate, while revenue reached $1.61 billion and increased 10.4% year over year.
• Insiders sold more than 1.09 million shares worth approximately $97.4 million over the past three months, while institutional investors own 90.29% of the company’s stock.

Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other research analysts have also commented on the company. JPMorgan Chase & Co. upped their target price on Victoria's Secret & Co. from $88.00 to $110.00 and gave the company an "overweight" rating in a research note on Tuesday, July 28th. 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. Morgan Stanley boosted their price target on shares of Victoria's Secret & Co. from $99.00 to $101.00 and gave the company an "overweight" rating in a report on Friday, September 4th. Zacks Research cut shares of Victoria's Secret & Co. from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 11th. Finally, Barclays reduced their price objective on shares of Victoria's Secret & Co. from $108.00 to $106.00 and set an "overweight" rating for the company in a report on Friday, September 4th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Victoria's Secret & Co. presently has an average rating of "Moderate Buy" and an average price target of $91.25.

Victoria's Secret & Co. Stock Down 3.4%

NYSE VSXY opened at $87.44 on Friday. Victoria's Secret & Co. has a twelve month low of $29.67 and a twelve month high of $102.46. The stock has a market cap of $6.97 billion, a PE ratio of 25.34, a PEG ratio of 0.61 and a beta of 2.01. The firm has a 50-day simple moving average of $84.69 and a 200 day simple moving average of $73.09. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 1.36.

Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.18. Victoria's Secret & Co. had a return on equity of 40.43% and a net margin of 5.46%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. The company's quarterly revenue was up 10.4% compared to the same quarter last year. On average, research analysts forecast that Victoria's Secret & Co. will post 4.69 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $89.15, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Melinda McAfee sold 4,500 shares of the business's stock in a transaction on Monday, October 5th. The shares were sold at an average price of $91.10, for a total value of $409,950.00. Following the completion of the sale, the insider directly owned 166,317 shares in the company, valued at approximately $15,151,478.70. This represents a 2.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 1,092,899 shares of company stock valued at $97,365,456. 0.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Victoria's Secret & Co.

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Victoria's Secret & Co. by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,943,417 shares of the company's stock worth $90,066,000 after purchasing an additional 50,007 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Victoria's Secret & Co. by 0.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,343,203 shares of the company's stock valued at $62,271,000 after purchasing an additional 12,238 shares during the last quarter. Bank of America Corp DE boosted its position in Victoria's Secret & Co. by 61.9% in the first quarter. Bank of America Corp DE now owns 632,358 shares of the company's stock valued at $29,316,000 after buying an additional 241,660 shares in the last quarter. Principal Financial Group Inc. boosted its position in Victoria's Secret & Co. by 39.0% in the first quarter. Principal Financial Group Inc. now owns 530,793 shares of the company's stock valued at $24,608,000 after buying an additional 148,876 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Victoria's Secret & Co. in the second quarter valued at about $39,803,000. Institutional investors and hedge funds own 90.29% of the company's stock.

About Victoria's Secret & Co.

Victoria's Secret & Co is a specialty retailer focused on women's intimate apparel, lingerie, beauty products, sleepwear, loungewear and related accessories. Its portfolio includes the Victoria's Secret brand, which offers bras, panties, sleepwear, apparel, fragrances and body-care products, and PINK, a lifestyle brand serving younger consumers with intimates, apparel, beauty products and accessories. The company also owns Adore Me, a digitally focused intimate-apparel brand.

The company sells its products through company-operated stores, digital platforms and selected wholesale and partner channels.

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