Victoria's Secret & Co. (NYSE:VSXY) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Victoria’s Secret, with six buy ratings, six holds and one strong buy. The average 12-month price target is $89.70, while recent targets range from $80 to $110.
• Victoria’s Secret reported quarterly EPS of $0.60, beating the $0.29 consensus estimate, while revenue of $1.56 billion also exceeded expectations. Analysts project full-year EPS of approximately $4.70.
• Insider selling has been notable: a major shareholder sold 798,920 shares for about $71.2 million, and insiders sold roughly $212.4 million of stock over the past quarter. Institutional investors own 90.29% of the company.

Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) has been given a consensus rating of "Moderate Buy" by the thirteen research firms that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $89.70.

VSXY has been the subject of several research reports. UBS Group lifted their price objective on shares of Victoria's Secret & Co. from $90.00 to $95.00 and gave the stock a "neutral" rating in a research note on Tuesday. Morgan Stanley reaffirmed an "overweight" rating and set a $99.00 price target on shares of Victoria's Secret & Co. in a research report on Monday, July 6th. JPMorgan Chase & Co. increased their price objective on Victoria's Secret & Co. from $88.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, July 28th. The Goldman Sachs Group raised their price objective on Victoria's Secret & Co. from $56.00 to $84.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 3rd. Finally, TD Cowen upped their target price on Victoria's Secret & Co. from $75.00 to $80.00 and gave the company a "hold" rating in a research report on Tuesday, August 18th.

Insider Activity at Victoria's Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the company'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 directly owned 7,810,631 shares of the company's stock, valued at $696,317,753.65. This represents a 9.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have sold 2,500,000 shares of company stock valued at $212,353,716. 0.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VSXY. Baird Financial Group Inc. acquired a new stake in Victoria's Secret & Co. during the 1st quarter worth about $233,000. Royal Bank of Canada boosted its stake in shares of Victoria's Secret & Co. by 279.1% in the first quarter. Royal Bank of Canada now owns 47,839 shares of the company's stock worth $888,000 after buying an additional 35,220 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Victoria's Secret & Co. by 2.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,949 shares of the company's stock worth $1,170,000 after acquiring an additional 1,797 shares during the period. Invesco Ltd. raised its position in Victoria's Secret & Co. by 8.0% during the second quarter. Invesco Ltd. now owns 772,884 shares of the company's stock valued at $14,314,000 after acquiring an additional 57,048 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Victoria's Secret & Co. by 194.4% during the second quarter. First Trust Advisors LP now owns 152,625 shares of the company's stock valued at $2,827,000 after acquiring an additional 100,787 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria's Secret & Co. Stock Performance

VSXY opened at $85.62 on Friday. The company has a market cap of $6.80 billion, a P/E ratio of 46.03, a price-to-earnings-growth ratio of 0.58 and a beta of 2.06. The company has a quick ratio of 0.41, a current ratio of 1.26 and a debt-to-equity ratio of 1.17. The firm's 50-day moving average price is $84.73 and its 200-day moving average price is $64.97. Victoria's Secret & Co. has a 52-week low of $21.39 and a 52-week high of $102.46.

Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) last released its earnings results on Tuesday, June 2nd. The company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.31. Victoria's Secret & Co. had a net margin of 3.11% and a return on equity of 38.03%. The company had revenue of $1.56 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same period last year, the business earned $0.09 EPS. As a group, equities analysts anticipate that Victoria's Secret & Co. will post 4.7 EPS for the current fiscal year.

Victoria's Secret & Co. Company Profile

Victoria’s Secret & Co is a leading designer, manufacturer and marketer of intimate apparel, beauty products and accessories for women. The company operates a portfolio of brands that includes Victoria’s Secret, renowned for its lingerie, bras and sleepwear; PINK, a line targeting younger consumers with activewear and lifestyle products; and Victoria’s Secret Beauty, offering fragrances, cosmetics and personal care items. Products are sold through retail stores as well as direct-to-consumer channels, including e-commerce platforms and mobile applications.

The origins of Victoria’s Secret date back to 1977, when founders Roy and Gaye Raymond opened the first store in San Francisco.

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