Victoria’s Secret & Co. (NYSE:VSXY) Hits New 1-Year High – Should You Buy?

Victoria’s Secret & Co. (NYSE:VSXY)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $88.27 and last traded at $88.15, with a volume of 199778 shares changing hands. The stock had previously closed at $83.00.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on VSXY shares. UBS Group lowered shares of Victoria’s Secret & Co. from a “buy” rating to a “neutral” rating and increased their target price for the stock from $81.00 to $90.00 in a report on Wednesday, June 3rd. Telsey Advisory Group boosted their price target on shares of Victoria’s Secret & Co. from $71.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. The Goldman Sachs Group upped their price objective on shares of Victoria’s Secret & Co. from $56.00 to $84.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Barclays raised their price objective on Victoria’s Secret & Co. from $67.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. lifted their target price on Victoria’s Secret & Co. from $77.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Victoria’s Secret & Co. currently has an average rating of “Moderate Buy” and an average price target of $82.60.

Victoria’s Secret & Co. Trading Up 4.0%

The company has a current ratio of 1.26, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $6.85 billion, a P/E ratio of 46.40, a PEG ratio of 0.64 and a beta of 2.16. The business has a 50 day moving average of $60.45 and a 200-day moving average of $56.76.

Victoria’s Secret & Co. (NYSE:VSXY) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.31. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $0.09 earnings per share. Analysts anticipate that Victoria’s Secret & Co. will post 4.61 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Donna James bought 2,175 shares of the stock in a transaction on Thursday, April 2nd. The stock was purchased at an average price of $46.23 per share, for a total transaction of $100,550.25. Following the acquisition, the director owned 63,097 shares in the company, valued at approximately $2,916,974.31. This trade represents a 3.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder International Pte Ltd Bbrc sold 27,758 shares of Victoria’s Secret & Co. stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $80.03, for a total value of $2,221,472.74. Following the completion of the sale, the insider directly owned 9,175,201 shares in the company, valued at $734,291,336.03. This represents a 0.30% decrease in their position. The SEC filing for this sale provides additional information. 0.52% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Royce & Associates LP increased its holdings in Victoria’s Secret & Co. by 11.2% during the third quarter. Royce & Associates LP now owns 398,992 shares of the company’s stock worth $10,829,000 after buying an additional 40,155 shares during the last quarter. Tabor Asset Management LP bought a new position in shares of Victoria’s Secret & Co. in the 3rd quarter valued at about $907,000. Allspring Global Investments Holdings LLC bought a new position in shares of Victoria’s Secret & Co. in the 4th quarter valued at about $7,790,000. K.J. Harrison & Partners Inc acquired a new position in shares of Victoria’s Secret & Co. during the 3rd quarter worth about $1,459,000. Finally, Geode Capital Management LLC raised its holdings in shares of Victoria’s Secret & Co. by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 1,760,139 shares of the company’s stock valued at $95,365,000 after purchasing an additional 47,462 shares during the period. 90.29% of the stock is currently 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.