Victoria’s Secret & Co. (NYSE:VSXY) Stock Price Down 5.3% – What’s Next?

Victoria’s Secret & Co. (NYSE:VSXY)’s share price dropped 5.3% during mid-day trading on Monday. The stock traded as low as $86.82 and last traded at $86.90. Approximately 380,590 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 2,119,027 shares. The stock had previously closed at $91.73.

Analyst Upgrades and Downgrades

VSXY has been the topic of a number of research reports. Wall Street Zen downgraded shares of Victoria’s Secret & Co. from a “buy” rating to a “hold” rating in a research report on Monday, September 21st. TD Cowen lifted their price target on shares of Victoria’s Secret & Co. from $75.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, August 18th. Zacks Research downgraded shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. Barclays dropped their price target on shares of Victoria’s Secret & Co. from $108.00 to $106.00 and set an “overweight” rating for the company in a research note on Friday, September 4th. Finally, UBS Group reduced their price objective on shares of Victoria’s Secret & Co. from $95.00 to $87.00 and set a “neutral” rating on the stock in a research note on Friday, September 4th. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $89.91.

Victoria’s Secret & Co. Stock Down 4.5%

The firm has a 50 day simple moving average of $85.26 and a two-hundred day simple moving average of $70.89. 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 stock has a market cap of $6.81 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 0.61 and a beta of 2.01.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its 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. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. Victoria’s Secret & Co. had a return on equity of 40.43% and a net margin of 5.46%.The firm’s revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts expect that Victoria’s Secret & Co. will post 4.69 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 business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were 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 in the company, valued at approximately $696,317,753.65. The trade was a 9.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Melinda R. Mcafee sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $91.10, for a total transaction of $409,950.00. Following the transaction, the insider owned 166,317 shares of the company’s stock, valued at approximately $15,151,478.70. This represents a 2.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,092,899 shares of company stock worth $97,365,456 in the last three months. 0.52% of the stock is owned by insiders.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in Victoria’s Secret & Co. during the 2nd quarter worth $49,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Victoria’s Secret & Co. in the fourth quarter valued at about $33,000. Parallel Advisors LLC grew its stake in Victoria’s Secret & Co. by 666.7% in the first quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock valued at $29,000 after acquiring an additional 540 shares during the period. Rockefeller Capital Management L.P. grew its stake in Victoria’s Secret & Co. by 48.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,122 shares of the company’s stock valued at $61,000 after acquiring an additional 364 shares during the period. Finally, Havemeyer Place LP bought a new stake in shares of Victoria’s Secret & Co. in the fourth quarter worth about $108,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

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.