Victoria's Secret & Co. (NYSE:VSXY) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Victoria’s Secret & Co. from “buy” to “hold.” The broader analyst consensus is also “hold,” with six buy ratings, eight hold ratings and an average price target of $89.
• The stock opened at $78.07, while analysts cited price targets ranging from $84 to $110. Shares have traded between $25.09 and $102.46 over the past year.
• Victoria’s Secret exceeded quarterly earnings expectations, reporting $0.95 in EPS versus a $0.77 estimate, while revenue rose 10.4% year over year to $1.61 billion. However, insiders sold more than 1.36 million shares worth approximately $121.4 million over the past 90 days.

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

Other equities analysts have also issued research reports about the company. Zacks Research lowered Victoria's Secret & Co. from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 11th. The Goldman Sachs Group lifted their target price on Victoria's Secret & Co. from $56.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. lifted their target price on Victoria's Secret & Co. from $88.00 to $110.00 and gave the company an "overweight" rating in a research report on Tuesday, July 28th. Morgan Stanley boosted their price target 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. Finally, UBS Group reduced their price target on shares of Victoria's Secret & Co. from $95.00 to $87.00 and set a "neutral" rating on the stock in a research report on Friday, September 4th. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Victoria's Secret & Co. currently has a consensus rating of "Hold" and an average target price of $89.00.

Victoria's Secret & Co. Stock Up 0.2%

Victoria's Secret & Co. stock opened at $78.07 on Monday. Victoria's Secret & Co. has a fifty-two week low of $25.09 and a fifty-two week high of $102.46. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 1.36. The firm has a 50 day moving average price of $84.77 and a 200 day moving average price of $67.74. The company has a market capitalization of $6.23 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 0.53 and a beta of 2.05.

Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) last released 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. 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 for the quarter, compared to analysts' expectations of $1.62 billion. The firm's revenue for the quarter was up 10.4% compared to the same quarter last year. Research analysts expect that Victoria's Secret & Co. will post 4.69 earnings per share for the current year.

Insider Buying and Selling

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the company's 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 sale, the insider owned 7,810,631 shares in the company, valued at $696,317,753.65. This represents a 9.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 1,364,570 shares of company stock worth $121,396,640. 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 made changes to their positions in VSXY. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in Victoria's Secret & Co. by 4.5% in the first quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,755 shares of the company's stock valued at $267,000 after acquiring an additional 250 shares in the last quarter. Optimize Financial Inc grew its holdings in Victoria's Secret & Co. by 1.5% during the 4th quarter. Optimize Financial Inc now owns 23,074 shares of the company's stock worth $1,250,000 after acquiring an additional 332 shares in the last quarter. ProShare Advisors LLC grew its holdings in Victoria's Secret & Co. by 2.7% during the 4th quarter. ProShare Advisors LLC now owns 13,601 shares of the company's stock worth $737,000 after acquiring an additional 361 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Victoria's Secret & Co. by 48.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,122 shares of the company's stock valued at $61,000 after purchasing an additional 364 shares during the last quarter. Finally, Meros Investment Management LP increased its position in shares of Victoria's Secret & Co. by 4.2% in the 4th quarter. Meros Investment Management LP now owns 9,579 shares of the company's stock valued at $519,000 after purchasing an additional 388 shares during the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria's Secret & Co. Company Profile

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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