Telsey Advisory Group Issues Positive Forecast for Victoria’s Secret & Co. (NYSE:VSXY) Stock Price

Victoria’s Secret & Co. (NYSE:VSXY) had its target price lifted by Telsey Advisory Group from $90.00 to $100.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Telsey Advisory Group’s target price indicates a potential upside of 21.36% from the company’s previous close.

A number of other research analysts also recently issued reports on VSXY. Barclays upped their price target on Victoria’s Secret & Co. from $67.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Jefferies Financial Group cut shares of Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and raised their target price for the stock from $65.00 to $73.00 in a report on Wednesday, June 3rd. Morgan Stanley restated an “overweight” rating and set a $99.00 price target on shares of Victoria’s Secret & Co. in a research note on Monday, July 6th. Weiss Ratings raised shares of Victoria’s Secret & Co. from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 24th. Finally, The Goldman Sachs Group increased their price objective on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.70.

Victoria’s Secret & Co. Stock Down 2.1%

VSXY stock traded down $1.77 during trading on Wednesday, hitting $82.40. 1,507,202 shares of the stock traded hands, compared to its average volume of 2,123,863. Victoria’s Secret & Co. has a 1 year low of $22.54 and a 1 year high of $102.46. The firm’s 50 day moving average is $85.78 and its two-hundred day moving average is $66.38. The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 44.30, a price-to-earnings-growth ratio of 0.58 and a beta of 2.05. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.26 and a quick ratio of 0.41.

Victoria’s Secret & Co. (NYSE:VSXY) last issued its earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.31. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Victoria’s Secret & Co. had a net margin of 3.11% and a return on equity of 38.03%. During the same period in the previous year, the company earned $0.09 earnings per share. On average, sell-side analysts anticipate that Victoria’s Secret & Co. will post 4.71 EPS for the current year.

Insider Activity at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the firm’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 completion of the transaction, the insider directly owned 7,810,631 shares of the company’s stock, valued at approximately $696,317,753.65. This trade represents a 9.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 1,392,328 shares of company stock worth $123,618,113. 0.52% of the stock is currently owned by corporate insiders.

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

Several large investors have recently added to or reduced their stakes in VSXY. Corient Private Wealth LP purchased a new position in shares of Victoria’s Secret & Co. during the 2nd quarter worth about $577,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Victoria’s Secret & Co. in the 2nd quarter worth about $2,817,000. California State Teachers Retirement System purchased a new position in shares of Victoria’s Secret & Co. during the second quarter worth approximately $571,660,000. Wedmont Private Capital bought a new stake in shares of Victoria’s Secret & Co. in the second quarter valued at about $425,000. Finally, HB Wealth Management LLC bought a new stake in shares of Victoria’s Secret & Co. in the second quarter valued at about $267,000. 90.29% of the stock is owned by institutional investors.

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.