Victoria's Secret & Co. (NYSE:VSXY) Rating Increased to Hold at BMO Capital Markets

Key Points

• BMO Capital Markets upgraded Victoria’s Secret & Co. to “hold”, while the broader analyst consensus remains “Moderate Buy” with an average price target of $89.
• The stock opened at $73.18, down 3.4%, and remains volatile, with a beta of 2.05 and a 52-week range of $25.09 to $102.46.
• Recent quarterly results exceeded expectations, with EPS of $0.95 versus the $0.77 consensus and revenue up 10.4% year over year, though insiders sold $121.4 million of shares over the past 90 days.

Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) was upgraded by 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 analysts also recently commented on VSXY. Telsey Advisory Group raised their target price on Victoria's Secret & Co. from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 2nd. Wells Fargo & Company increased their price target on shares of Victoria's Secret & Co. from $57.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, June 3rd. Weiss Ratings upgraded shares of Victoria's Secret & Co. from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday. The Goldman Sachs Group upped their target price on shares of Victoria's Secret & Co. from $56.00 to $84.00 and gave the stock a "neutral" rating in a report on Wednesday, June 3rd. Finally, Morgan Stanley increased their target price on shares of Victoria's Secret & Co. from $99.00 to $101.00 and gave the stock an "overweight" rating in a research note on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, Victoria's Secret & Co. has a consensus rating of "Moderate Buy" and an average target price of $89.00.

Victoria's Secret & Co. Trading Down 3.4%

Shares of VSXY stock opened at $73.18 on Tuesday. The stock 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. The company's fifty day simple moving average is $84.99 and its two-hundred day simple moving average is $67.19. Victoria's Secret & Co. has a 1 year low of $25.09 and a 1 year high of $102.46. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.36 and a quick ratio of 0.41.

Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.18. The firm 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%.Victoria's Secret & Co.'s revenue was up 10.4% compared to the same quarter last year. As a group, analysts anticipate that Victoria's Secret & Co. will post 4.72 earnings per share for the current year.

Insider Activity

In other news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of Victoria's Secret & Co. stock in a transaction dated 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 sale, the insider owned 7,810,631 shares in the company, valued at approximately $696,317,753.65. This trade represents a 9.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 1,364,570 shares of company stock worth $121,396,640. Company insiders own 0.52% of the company's stock.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC grew its stake in Victoria's Secret & Co. by 666.7% in the 1st 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 position in shares of Victoria's Secret & Co. during the fourth quarter worth approximately $33,000. Hantz Financial Services Inc. lifted 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 worth $44,000 after acquiring an additional 414 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Victoria's Secret & Co. in the 2nd quarter valued at $49,000. Finally, DV Equities LLC bought a new position in shares of Victoria's Secret & Co. during the 4th quarter valued at $49,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

About Victoria's Secret & Co.

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.

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