Victoria's Secret & Co. (NYSE:VSXY) Stock Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts give Victoria’s Secret a “Moderate Buy” consensus: Eight of 15 analysts rate the stock a buy and seven recommend holding it. The average 12-month price target is $93.67.
• The company reported quarterly EPS of $0.95, beating the $0.77 consensus, while revenue of $1.61 billion came in slightly below expectations. Revenue rose 10.4% year over year.
• Shares opened at $106.11, near their 52-week high of $110.27. An insider sold 7,000 shares under a pre-arranged trading plan; insiders sold 14,000 shares in total over the past 90 days.

Shares of Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fifteen ratings firms that are presently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $93.67.

VSXY has been the topic of several research analyst reports. BMO Capital Markets began coverage on shares of Victoria's Secret & Co. in a research report on Tuesday, September 8th. They set a "market perform" rating and a $80.00 price target on the stock. JPMorgan Chase & Co. raised their target price on shares of Victoria's Secret & Co. from $88.00 to $110.00 and gave the stock an "overweight" rating in a report on Tuesday, July 28th. Morgan Stanley lifted their target price on Victoria's Secret & Co. from $101.00 to $104.00 and gave the company an "overweight" rating in a research note on Monday, October 19th. Zacks Research downgraded Victoria's Secret & Co. from a "strong-buy" rating to a "hold" rating in a report on Friday, September 11th. Finally, Needham & Company LLC assumed coverage on Victoria's Secret & Co. in a research note on Friday, October 16th. They issued a "buy" rating and a $106.00 target price on the stock.

Victoria's Secret & Co. Price Performance

Shares of NYSE VSXY opened at $106.11 on Friday. Victoria's Secret & Co. has a 1-year low of $33.61 and a 1-year high of $110.27. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.36 and a quick ratio of 0.57. The company has a market capitalization of $8.46 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 0.73 and a beta of 2.11. The business has a 50-day moving average of $86.75 and a 200-day moving average of $70.55.

Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.62 billion. The firm's revenue was up 10.4% on a year-over-year basis. On average, equities analysts anticipate that Victoria's Secret & Co. will post 4.75 EPS for the current fiscal year.

Insider Buying and Selling

In other Victoria's Secret & Co. news, insider Melinda McAfee sold 7,000 shares of the company's stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $98.90, for a total value of $692,300.00. Following the completion of the transaction, the insider owned 156,817 shares in the company, valued at approximately $15,509,201.30. This represents a 4.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 14,000 shares of company stock valued at $1,339,750. 0.52% of the stock is currently owned by corporate insiders.

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

A number of hedge funds and other institutional investors have recently modified their holdings of VSXY. Maryland State Retirement & Pension System lifted its holdings in Victoria's Secret & Co. by 53.0% in the 3rd quarter. Maryland State Retirement & Pension System now owns 17,677 shares of the company's stock valued at $1,564,000 after acquiring an additional 6,125 shares during the last quarter. Illinois Municipal Retirement Fund boosted its position in Victoria's Secret & Co. by 46.5% during the third quarter. Illinois Municipal Retirement Fund now owns 46,051 shares of the company's stock valued at $4,074,000 after purchasing an additional 14,610 shares during the last quarter. Fulcrum Asset Management LLP grew its stake in shares of Victoria's Secret & Co. by 57,172.6% in the 3rd quarter. Fulcrum Asset Management LLP now owns 108,818 shares of the company's stock valued at $9,710,000 after buying an additional 108,628 shares in the last quarter. Ethic Inc. acquired a new position in shares of Victoria's Secret & Co. during the 3rd quarter worth $352,000. Finally, Commonwealth Equity Services LLC raised its holdings in Victoria's Secret & Co. by 4.7% during the third quarter. Commonwealth Equity Services LLC now owns 2,524 shares of the company's stock valued at $223,000 after buying an additional 114 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors.

Victoria's Secret & Co. Company Profile

Victoria's Secret & Co is a specialty retailer focused on intimate apparel, lingerie, beauty products and related lifestyle merchandise. Its portfolio includes the Victoria's Secret brand, which offers bras, panties, lingerie, sleepwear, apparel, accessories, fragrances and personal-care products, and PINK, which targets younger customers with lingerie, loungewear, apparel, beauty products and accessories.

The company also operates Adore Me, a digitally focused intimates brand known for a broad range of sizes and subscription-based shopping options.

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