Victoria’s Secret & Co. (NYSE:VSXY) Stock Rating Raised to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Victoria’s Secret & Co. (NYSE:VSXY) from a hold rating to a buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Other analysts also recently issued reports about the stock. Barclays reduced their target price on shares of Victoria’s Secret & Co. from $108.00 to $106.00 and set an “overweight” rating on the stock in a report on Friday, September 4th. Telsey Advisory Group upped their target price on shares of Victoria’s Secret & Co. from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. TD Cowen increased their price target on shares of Victoria’s Secret & Co. from $75.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, August 18th. Weiss Ratings upgraded Victoria’s Secret & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Morgan Stanley lifted their price target on Victoria’s Secret & Co. from $99.00 to $101.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.25.

Victoria’s Secret & Co. Trading Down 3.4%

Shares of VSXY opened at $87.44 on Friday. The company’s fifty day moving average is $84.69 and its 200 day moving average is $73.09. Victoria’s Secret & Co. has a fifty-two week low of $29.67 and a fifty-two week high of $102.46. The stock has a market capitalization of $6.97 billion, a PE ratio of 25.34, a P/E/G ratio of 0.59 and a beta of 2.01. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 1.36.

Victoria’s Secret & Co. (NYSE:VSXY) last released 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. Victoria’s Secret & Co. had a net margin of 5.46% and a return on equity of 40.43%. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. The business’s revenue was up 10.4% on a year-over-year basis. Sell-side analysts expect that Victoria’s Secret & Co. will post 4.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of the firm’s 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 directly owned 7,810,631 shares in the company, valued at $696,317,753.65. This trade represents a 9.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Melinda R. Mcafee sold 4,500 shares of Victoria’s Secret & Co. stock in a transaction on Monday, October 5th. The stock was sold at an average price of $91.10, for a total transaction of $409,950.00. Following the transaction, the insider directly owned 166,317 shares of the company’s stock, valued at $15,151,478.70. The trade was a 2.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 90 days. 0.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VSXY. SummerHaven Investment Management LLC boosted its holdings in shares of Victoria’s Secret & Co. by 5.4% in the third quarter. SummerHaven Investment Management LLC now owns 41,802 shares of the company’s stock valued at $3,698,000 after purchasing an additional 2,146 shares during the period. Triasima Portfolio Management inc. purchased a new position in Victoria’s Secret & Co. during the 3rd quarter worth $658,000. Fortitude Family Office LLC increased its holdings in Victoria’s Secret & Co. by 126.7% during the 3rd quarter. Fortitude Family Office LLC now owns 306 shares of the company’s stock worth $27,000 after purchasing an additional 171 shares during the period. ANB Bank bought a new stake in Victoria’s Secret & Co. during the 3rd quarter valued at $304,000. Finally, GK Wealth Management LLC bought a new stake in Victoria’s Secret & Co. during the 3rd quarter valued at $103,000. Institutional investors own 90.29% of the company’s stock.

About Victoria’s Secret & Co.

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.