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

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

Victoria’s Secret & Co. Stock Up 3.4%

VSXY stock opened at $95.38 on Thursday. The firm has a 50 day moving average of $85.07 and a 200 day moving average of $69.36. The stock has a market capitalization of $7.61 billion, a PE ratio of 27.65, 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 52 week low of $33.20 and a 52 week high of $102.46.

Victoria’s Secret & Co. (NYSE:VSXY) 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. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. Victoria’s Secret & Co. had a net margin of 5.46% and a return on equity of 40.43%. The company’s revenue was up 10.4% compared to the same quarter last year. Sell-side analysts forecast that Victoria’s Secret & Co. will post 4.75 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VSXY. Squarepoint Ops LLC acquired a new stake in Victoria’s Secret & Co. during the second quarter worth about $39,803,000. Tidal Investments LLC acquired a new position in Victoria’s Secret & Co. in the second quarter valued at approximately $2,308,000. Sequoia Financial Advisors LLC lifted its holdings in Victoria’s Secret & Co. by 212.4% in the first quarter. Sequoia Financial Advisors LLC now owns 18,754 shares of the company’s stock valued at $869,000 after acquiring an additional 12,750 shares during the period. California State Teachers Retirement System lifted its holdings in Victoria’s Secret & Co. by 23.5% in the first quarter. California State Teachers Retirement System now owns 84,333 shares of the company’s stock valued at $3,910,000 after acquiring an additional 16,044 shares during the period. Finally, Baird Financial Group Inc. purchased a new stake in Victoria’s Secret & Co. in the 2nd quarter worth approximately $30,622,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on VSXY shares. Weiss Ratings upgraded Victoria’s Secret & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Telsey Advisory Group boosted their price target on Victoria’s Secret & Co. from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. 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. BMO Capital Markets assumed coverage on Victoria’s Secret & Co. in a research note on Tuesday, September 8th. They issued a “market perform” rating and a $80.00 price objective for the company. Finally, Barclays lifted their target price on Victoria’s Secret & Co. from $106.00 to $112.00 and gave the stock an “overweight” rating in a report on Tuesday, October 20th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.