Victoria's Secret & Co. (NYSE:VSXY) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Victoria’s Secret, with eight holds and six buys among 14 brokerages. The average 12-month price target is $89, though individual targets range from $73 to $110.
• The company reported quarterly EPS of $0.95, beating estimates of $0.77, while revenue rose 10.4% year over year to $1.61 billion, slightly below expectations.
• Shares opened at $73.75, well below the 12-month high of $102.46. Meanwhile, a major shareholder sold nearly 799,000 shares, and insiders have sold $121.4 million worth of stock over the past 90 days.

Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) has earned a consensus recommendation of "Hold" from the fourteen brokerages that are presently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $89.00.

A number of brokerages have weighed in on VSXY. JPMorgan Chase & Co. increased their price target on shares of Victoria's Secret & Co. from $88.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, July 28th. Telsey Advisory Group boosted their price objective on shares of Victoria's Secret & Co. from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Wednesday, September 2nd. Jefferies Financial Group lowered shares of Victoria's Secret & Co. from a "buy" rating to a "hold" rating and upped their price objective for the company from $65.00 to $73.00 in a research report on Wednesday, June 3rd. UBS Group reduced their target price on shares of Victoria's Secret & Co. from $95.00 to $87.00 and set a "neutral" rating for the company in a research note on Friday, September 4th. Finally, Morgan Stanley lifted their target price on Victoria's Secret & Co. from $99.00 to $101.00 and gave the stock an "overweight" rating in a research report on Friday, September 4th.

Insider Activity at Victoria's Secret & Co.

In other Victoria's Secret & Co. 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 value 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 Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 1,364,570 shares of company stock valued at $121,396,640. 0.52% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new position in shares of Victoria's Secret & Co. in the 2nd quarter worth approximately $49,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Victoria's Secret & Co. during the 4th quarter worth approximately $33,000. Parallel Advisors LLC boosted 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 valued at $29,000 after buying an additional 540 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in 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. Finally, Leonteq Securities AG bought a new stake in Victoria's Secret & Co. in the fourth quarter valued at $54,000. Institutional investors and hedge funds own 90.29% of the company's stock.

Victoria's Secret & Co. Stock Up 1.6%

Shares of VSXY stock opened at $73.75 on Thursday. Victoria's Secret & Co. has a 12 month low of $25.09 and a 12 month high of $102.46. The company has a quick ratio of 0.57, a current ratio of 1.36 and a debt-to-equity ratio of 0.92. The firm has a market cap of $5.88 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 0.49 and a beta of 2.05. The stock has a 50 day moving average of $84.75 and a 200-day moving average of $67.52.

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

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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