Anne Sheehan Sells 1,033 Shares of Victoria’s Secret (NYSE:VSCO) Stock

Victoria’s Secret (NYSE:VSCO) Director Anne Sheehan sold 1,033 shares of Victoria’s Secret stock in a transaction that occurred on Tuesday, November 23rd. The stock was sold at an average price of $57.80, for a total value of $59,707.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE:VSCO traded down $1.01 on Thursday, reaching $55.52. The company’s stock had a trading volume of 963,852 shares, compared to its average volume of 1,816,242. Victoria’s Secret has a 12-month low of $47.97 and a 12-month high of $76.00. The company has a quick ratio of 0.75, a current ratio of 1.27 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average of $54.16.

Victoria’s Secret (NYSE:VSCO) last posted its earnings results on Thursday, November 18th. The company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.10. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.46 billion. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Sell-side analysts anticipate that Victoria’s Secret will post 7.09 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on VSCO. Jefferies Financial Group lifted their price target on Victoria’s Secret from $78.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 13th. Evercore ISI assumed coverage on Victoria’s Secret in a research note on Tuesday, August 10th. They set an “outperform” rating and a $100.00 price objective on the stock. B. Riley lowered their price objective on Victoria’s Secret from $87.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, November 19th. JPMorgan Chase & Co. assumed coverage on Victoria’s Secret in a research note on Monday, August 9th. They set an “overweight” rating and a $100.00 price objective on the stock. Finally, Zacks Investment Research lowered Victoria’s Secret from a “hold” rating to a “strong sell” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $84.56.

A number of large investors have recently bought and sold shares of the business. Lone Pine Capital LLC purchased a new stake in Victoria’s Secret in the third quarter valued at $475,763,000. BlackRock Inc. purchased a new stake in shares of Victoria’s Secret in the 3rd quarter valued at $372,618,000. Windacre Partnership LLC purchased a new stake in shares of Victoria’s Secret in the 3rd quarter valued at $341,977,000. Candlestick Capital Management LP purchased a new stake in shares of Victoria’s Secret in the 3rd quarter valued at $222,779,000. Finally, Egerton Capital UK LLP purchased a new stake in shares of Victoria’s Secret in the 3rd quarter valued at $217,552,000. Institutional investors own 1.62% of the company’s stock.

Victoria’s Secret Company Profile

Victoria’s Secret & Co is an intimate specialty retailer offering assortment of modern, fashion-inspired collections including signature bras, panties, lingerie, casual sleepwear and athleisure, as well as prestige fragrances and body care. Victoria’s Secret & Co is based in COLUMBUS, Ohio.

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