Victoria’s Secret & Co. (NYSE:VSXY) Price Target Raised to $80.00

Victoria’s Secret & Co. (NYSE:VSXY) had its price objective raised by TD Cowen from $75.00 to $80.00 in a research report report published on Tuesday, Marketbeat Ratings reports. The brokerage currently has a hold rating on the stock.

VSXY has been the subject of a number of other research reports. Bank of America upgraded Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and upped their price target for the stock from $58.00 to $68.00 in a research report on Wednesday, April 29th. JPMorgan Chase & Co. lifted their price objective on Victoria’s Secret & Co. from $88.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Morgan Stanley reiterated an “overweight” rating and set a $99.00 price objective on shares of Victoria’s Secret & Co. in a research note on Monday, July 6th. Telsey Advisory Group boosted their price objective on Victoria’s Secret & Co. from $71.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Finally, Jefferies Financial Group lowered shares of Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and increased their target price for the stock from $65.00 to $73.00 in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.70.

Victoria’s Secret & Co. Trading Down 2.1%

Shares of Victoria’s Secret & Co. stock opened at $86.74 on Tuesday. The company’s fifty day simple moving average is $84.59 and its 200-day simple moving average is $64.83. The stock has a market capitalization of $6.89 billion, a PE ratio of 46.63, a P/E/G ratio of 0.61 and a beta of 2.06. Victoria’s Secret & Co. has a 1-year low of $21.23 and a 1-year high of $102.46. 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 quarterly earnings data on Tuesday, June 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.31. Victoria’s Secret & Co. had a net margin of 3.11% and a return on equity of 38.03%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the firm posted $0.09 EPS. As a group, equities analysts anticipate that Victoria’s Secret & Co. will post 4.7 earnings per share for the current year.

Insider Transactions at Victoria’s Secret & Co.

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $89.15, for a total value of $71,223,718.00. Following the completion of the sale, the insider owned 7,810,631 shares in the company, valued at approximately $696,317,753.65. This represents a 9.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 2,500,000 shares of company stock valued at $212,353,716. Corporate insiders own 0.52% of the company’s stock.

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

A number of hedge funds have recently made changes to their positions in VSXY. Bbfit Investments PTE Ltd. bought a new stake in Victoria’s Secret & Co. during the 4th quarter valued at approximately $558,521,000. Vanguard Group Inc. boosted its stake in Victoria’s Secret & Co. by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 8,748,614 shares of the company’s stock worth $473,912,000 after purchasing an additional 263,079 shares during the period. Dimensional Fund Advisors LP grew its holdings in Victoria’s Secret & Co. by 10.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,549,501 shares of the company’s stock valued at $69,187,000 after buying an additional 238,516 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Victoria’s Secret & Co. by 11.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,011,366 shares of the company’s stock valued at $108,956,000 after buying an additional 199,170 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in Victoria’s Secret & Co. by 301.4% during the 4th quarter. Marshall Wace LLP now owns 1,792,727 shares of the company’s stock valued at $97,112,000 after buying an additional 1,346,104 shares in the last quarter. Institutional investors own 90.29% of the company’s stock.

About Victoria’s Secret & Co.

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.