Victoria's Secret & Co. (NYSE:VSXY) Stock Has Consensus Target Price of $89.91 According to Analysts

Key Points

• Analysts give Victoria’s Secret a “Moderate Buy” consensus, split evenly between seven buy and seven hold ratings, with an average 12-month price target of $89.91.
• Recent targets are mixed: Wells Fargo raised its target to $100 and Morgan Stanley to $101, while UBS cut its target to $87 and maintained a neutral rating.
• The company beat quarterly earnings expectations, reporting $0.95 in EPS versus a $0.77 consensus estimate, while revenue rose 10.4% year over year to $1.61 billion. Insiders sold more than $97 million of stock over the past 90 days.

Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fourteen ratings firms that are presently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $89.91.

VSXY has been the topic of a number of recent research reports. UBS Group dropped 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 note on Friday, September 4th. Wells Fargo & Company lifted their price objective on shares of Victoria's Secret & Co. from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Tuesday, September 29th. Morgan Stanley lifted their price objective on shares of Victoria's Secret & Co. from $99.00 to $101.00 and gave the company an "overweight" rating in a research note on Friday, September 4th. BMO Capital Markets assumed coverage on shares of Victoria's Secret & Co. in a report on Tuesday, September 8th. They set a "market perform" rating and a $80.00 target price on the stock. Finally, TD Cowen boosted their target price on shares of Victoria's Secret & Co. from $75.00 to $80.00 and gave the company a "hold" rating in a report on Tuesday, August 18th.

Victoria's Secret & Co. Price Performance

NYSE VSXY opened at $82.97 on Monday. 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 company has a market cap of $6.62 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 0.56 and a beta of 2.01. Victoria's Secret & Co. has a 52 week low of $28.15 and a 52 week high of $102.46. The firm's 50-day simple moving average is $85.03 and its two-hundred day simple moving average is $71.71.

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

Insiders Place Their Bets

In related news, insider Melinda R. Mcafee sold 4,500 shares of the business's stock in a transaction on Monday, October 5th. The stock was sold at an average price of $91.10, for a total transaction of $409,950.00. Following the sale, the insider directly owned 166,317 shares in the company, valued at approximately $15,151,478.70. The trade was a 2.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the business's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $89.15, for a total value of $71,223,718.00. Following the sale, the insider owned 7,810,631 shares in the company, valued at approximately $696,317,753.65. The trade was a 9.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,092,899 shares of company stock valued at $97,365,456 over the last ninety days. Corporate insiders own 0.52% of the company's stock.

Institutional Trading of Victoria's Secret & Co.

A number of institutional investors have recently added to or reduced their stakes in VSXY. Integrated Wealth Concepts LLC bought a new position in Victoria's Secret & Co. in the 2nd quarter valued at $49,000. Parallel Advisors LLC increased its holdings in shares of Victoria's Secret & Co. by 666.7% in the first quarter. Parallel Advisors LLC now owns 621 shares of the company's stock worth $29,000 after purchasing an additional 540 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of Victoria's Secret & Co. by 48.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,122 shares of the company's stock worth $61,000 after buying an additional 364 shares in the last quarter. GK Wealth Management LLC purchased a new stake in shares of Victoria's Secret & Co. in the third quarter worth $103,000. Finally, Nykredit A S purchased a new stake in shares of Victoria's Secret & Co. in the second quarter worth $187,000. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.