Victoria's Secret & Co. (NYSE:VSXY) Insider Melinda Mcafee Sells 2,500 Shares of Company Stock

Key Points

• Insider sale: Melinda McAfee sold 2,500 Victoria’s Secret shares at an average price of $95, generating $237,500. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving her with 163,817 shares.
• Stock performance: VSXY recently traded at $92.63, with a market capitalization of approximately $7.39 billion. The shares have risen substantially from their 1-year low of $33.20 and are near the 1-year high of $102.46.
• Business and analyst outlook: The company exceeded quarterly EPS expectations, reporting $0.95 versus the $0.77 consensus, while revenue increased 10.4% year over year to $1.61 billion. Analysts collectively rate the stock “Moderate Buy,” with a consensus price target of $92.00.

Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) insider Melinda Mcafee sold 2,500 shares of the business's stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $95.00, for a total value of $237,500.00. Following the sale, the insider directly owned 163,817 shares in the company, valued at approximately $15,562,615. The trade was a 1.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Victoria's Secret & Co. Price Performance

VSXY traded down $2.33 during trading on Tuesday, reaching $92.63. The stock had a trading volume of 1,328,143 shares, compared to its average volume of 2,083,324. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 0.61 and a beta of 2.01. The company has a quick ratio of 0.57, a current ratio of 1.36 and a debt-to-equity ratio of 0.92. Victoria's Secret & Co. has a 1-year low of $33.20 and a 1-year high of $102.46. The stock has a 50 day moving average of $84.67 and a two-hundred day moving average of $69.04.

Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) last issued its quarterly 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 firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. The firm's revenue was up 10.4% on a year-over-year basis. As a group, equities analysts anticipate that Victoria's Secret & Co. will post 4.75 EPS for the current fiscal year.

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

Institutional investors have recently bought and sold shares of the stock. Signaturefd LLC raised its holdings in Victoria's Secret & Co. by 83.4% during the 3rd quarter. Signaturefd LLC now owns 552 shares of the company's stock worth $49,000 after buying an additional 251 shares during the period. Carolina Wealth Advisors LLC acquired a new position in shares of Victoria's Secret & Co. in the third quarter worth about $31,000. Sterling Capital Management LLC boosted its holdings in shares of Victoria's Secret & Co. by 25.9% in the third quarter. Sterling Capital Management LLC now owns 10,513 shares of the company's stock worth $930,000 after buying an additional 2,165 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of Victoria's Secret & Co. in the third quarter worth approximately $304,000. Finally, Revisor Wealth Management LLC purchased a new position in shares of Victoria's Secret & Co. in the third quarter worth approximately $207,000. Hedge funds and other institutional investors own 90.29% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on VSXY. Wells Fargo & Company lifted their target price on Victoria's Secret & Co. from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Tuesday, September 29th. Needham & Company LLC initiated coverage on shares of Victoria's Secret & Co. in a report on Friday, October 16th. They issued a "buy" rating and a $106.00 price target for the company. JPMorgan Chase & Co. raised their price objective on shares of 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. BMO Capital Markets assumed coverage on shares of Victoria's Secret & Co. in a research note on Tuesday, September 8th. They issued a "market perform" rating and a $80.00 price objective on the stock. Finally, UBS Group dropped their target price on shares of Victoria's Secret & Co. from $95.00 to $87.00 and set a "neutral" rating on the stock in a report on Friday, September 4th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Victoria's Secret & Co. has an average rating of "Moderate Buy" and a consensus price target of $92.00.

About Victoria's Secret & Co.

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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