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

Key Points

• Wall Street Zen upgraded Victoria’s Secret & Co. from “hold” to “buy.” The stock has a consensus “Moderate Buy” rating and an average analyst price target of $89.
• The company 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.
• Shares opened at $75.86, with a market capitalization of approximately $6.05 billion; meanwhile, insiders sold about 1.36 million shares worth $121.4 million over the past 90 days.

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

Other analysts have also issued research reports about the stock. Barclays cut their price objective on shares of Victoria's Secret & Co. from $108.00 to $106.00 and set an "overweight" rating on the stock in a research report on Friday, September 4th. Telsey Advisory Group lifted their price target on shares of Victoria's Secret & Co. from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Wednesday, September 2nd. Jefferies Financial Group cut shares of Victoria's Secret & Co. from a "buy" rating to a "hold" rating and boosted their price target for the stock from $65.00 to $73.00 in a research report on Wednesday, June 3rd. Wells Fargo & Company increased their price objective on shares of Victoria's Secret & Co. from $57.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 3rd. Finally, Morgan Stanley raised their price objective on Victoria's Secret & Co. from $99.00 to $101.00 and gave the company an "overweight" rating in a report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.00.

Victoria's Secret & Co. Stock Up 3.4%

Shares of VSXY opened at $75.86 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 1.36. The firm has a market capitalization of $6.05 billion, a P/E ratio of 21.99, a P/E/G ratio of 0.51 and a beta of 2.05. The company has a 50-day simple moving average of $84.97 and a 200-day simple moving average of $67.25. Victoria's Secret & Co. has a 52 week low of $25.09 and a 52 week high of $102.46.

Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) last announced its earnings results on Thursday, September 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. The company's quarterly revenue was up 10.4% on a year-over-year basis. On average, equities research analysts expect that Victoria's Secret & Co. will post 4.69 earnings per share for the current year.

Insider Activity at Victoria's Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the business's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $89.15, for a total transaction of $71,223,718.00. Following the transaction, the insider directly owned 7,810,631 shares in the company, valued at $696,317,753.65. The trade was a 9.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 1,364,570 shares of company stock valued at $121,396,640. Company insiders own 0.52% of the company's stock.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of VSXY. Baird Financial Group Inc. bought a new stake in Victoria's Secret & Co. in the first quarter valued at approximately $233,000. Royal Bank of Canada boosted its stake in shares of Victoria's Secret & Co. by 279.1% during the 1st quarter. Royal Bank of Canada now owns 47,839 shares of the company's stock worth $888,000 after acquiring an additional 35,220 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Victoria's Secret & Co. by 2.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,949 shares of the company's stock worth $1,170,000 after acquiring an additional 1,797 shares during the period. Invesco Ltd. boosted its stake in shares of Victoria's Secret & Co. by 8.0% during the 2nd quarter. Invesco Ltd. now owns 772,884 shares of the company's stock worth $14,314,000 after acquiring an additional 57,048 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Victoria's Secret & Co. by 194.4% during the 2nd quarter. First Trust Advisors LP now owns 152,625 shares of the company's stock worth $2,827,000 after acquiring an additional 100,787 shares during the last quarter. Institutional investors own 90.29% of the company's stock.

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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