Victoria’s Secret & Co. (NYSE:VSXY) Stock Rating Raised to Moderate Buy at Needham & Company LLC

Needham & Company LLC upgraded shares of Victoria’s Secret & Co. (NYSE:VSXY) to a moderate buy rating in a research report report published on Friday,Zacks reports.

A number of other brokerages have also commented on VSXY. JPMorgan Chase & Co. lifted their price target on Victoria’s Secret & Co. from $88.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. TD Cowen raised their target price on Victoria’s Secret & Co. from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, August 18th. BMO Capital Markets assumed coverage on Victoria’s Secret & Co. in a research report on Tuesday, September 8th. They set a “market perform” rating and a $80.00 target price for the company. Morgan Stanley lifted their target price on Victoria’s Secret & Co. from $99.00 to $101.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Finally, Weiss Ratings raised shares of Victoria’s Secret & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $91.25.

Victoria’s Secret & Co. Stock Down 3.4%

Victoria’s Secret & Co. stock traded down $3.09 during midday trading on Friday, hitting $87.44. 1,453,067 shares of the stock were exchanged, compared to its average volume of 1,681,002. Victoria’s Secret & Co. has a 52-week low of $29.67 and a 52-week high of $102.46. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 0.61 and a beta of 2.01. The business’s 50-day moving average price is $84.69 and its 200-day moving average price is $73.09. 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. (NYSE:VSXY) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.95 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, research analysts expect that Victoria’s Secret & Co. will post 4.69 EPS for the current fiscal year.

Insider Buying and Selling 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 transaction of $71,223,718.00. Following the completion of the transaction, the insider directly owned 7,810,631 shares of the company’s stock, valued at approximately $696,317,753.65. This represents a 9.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Melinda McAfee sold 4,500 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $91.10, for a total value of $409,950.00. Following the completion of the sale, the insider directly owned 166,317 shares of the company’s stock, valued at $15,151,478.70. This represents a 2.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,092,899 shares of company stock valued at $97,365,456. 0.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Victoria’s Secret & Co.

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

Victoria’s Secret & Co. Company Profile

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.