Victoria's Secret & Co. (NYSE:VSXY) Stock Falls 5.3% - What's Next?

Key Points

• Victoria’s Secret shares fell 5.3% to about $86.90 in mid-day trading, with volume down 82% versus the average session.
• Analyst sentiment is mixed: six analysts rate the stock a Buy and eight rate it a Hold, producing an overall “Hold” consensus and an average price target of $89.91.
• The company recently beat quarterly EPS expectations, reporting $0.95 versus the $0.77 consensus, while revenue rose 10.4% year over year to $1.61 billion.

Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) shares traded down 5.3% during mid-day trading on Monday. The stock traded as low as $86.82 and last traded at $86.90. 380,590 shares were traded during mid-day trading, a decline of 82% from the average session volume of 2,119,027 shares. The stock had previously closed at $91.73.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Weiss Ratings upgraded shares of Victoria's Secret & Co. from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, September 8th. Wall Street Zen downgraded Victoria's Secret & Co. from a "buy" rating to a "hold" rating in a research report on Monday, September 21st. Telsey Advisory Group raised their price objective on Victoria's Secret & Co. from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 2nd. JPMorgan Chase & Co. raised their price objective on Victoria's Secret & Co. from $88.00 to $110.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 28th. Finally, Zacks Research lowered shares of Victoria's Secret & Co. from a "strong-buy" rating to a "hold" rating in a report on Friday, September 11th. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $89.91.

Victoria's Secret & Co. Stock Down 4.4%

The business's fifty day moving average price is $85.28 and its two-hundred day moving average price is $70.32. The firm has a market cap of $7.00 billion, a P/E ratio of 25.43, a P/E/G ratio of 0.62 and a beta of 2.01. The company has a current ratio of 1.36, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92.

Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) last released its quarterly earnings results 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 return on equity of 40.43% and a net margin of 5.46%.The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. The company's revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities research analysts anticipate that Victoria's Secret & Co. will post 4.69 EPS for the current year.

Insider Buying and Selling at Victoria's Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the business's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $89.15, for a total transaction of $71,223,718.00. Following the completion of the transaction, the insider owned 7,810,631 shares of the company's stock, valued at approximately $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 accessible through this hyperlink. Corporate insiders own 0.52% of the company's stock.

Institutional Trading of Victoria's Secret & Co.

A number of hedge funds have recently bought and sold shares of the stock. Bbfit Investments PTE Ltd. acquired a new stake in Victoria's Secret & Co. during the fourth quarter worth about $558,521,000. Goldman Sachs Group Inc. lifted its position in Victoria's Secret & Co. by 11.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,011,366 shares of the company's stock worth $108,956,000 after purchasing an additional 199,170 shares during the period. Dimensional Fund Advisors LP lifted its position in Victoria's Secret & Co. by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,943,417 shares of the company's stock worth $90,066,000 after purchasing an additional 50,007 shares during the period. Geode Capital Management LLC boosted its stake in Victoria's Secret & Co. by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 1,760,139 shares of the company's stock worth $95,365,000 after buying an additional 47,462 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Victoria's Secret & Co. by 0.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,343,203 shares of the company's stock worth $62,271,000 after buying an additional 12,238 shares in the last quarter. 90.29% of the stock is owned by institutional investors.

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.

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