Key Points
- Insider sale: Melinda McAfee sold 2,500 Victoria’s Secret shares at an average price of $95, generating $237,500. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced her holdings by 1.5% to 163,817 shares.
- Recent performance: VSXY opened at $92.63 and remains near its 52-week high of $102.46, well above its 50-day and 200-day moving averages. The company recently reported quarterly EPS of $0.95, exceeding the $0.77 analyst consensus, while revenue rose 10.4% year over year to $1.61 billion.
- Analyst sentiment: The stock has a consensus rating of “Moderate Buy”, with eight Buy and seven Hold ratings and an average price target of $92.00. Several firms recently raised their targets, including Barclays to $112 and JPMorgan to $110.
Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) insider Melinda Mcafee sold 2,500 shares of the stock in a transaction on Monday, October 26th. The stock was sold at an average price of $95.00, for a total transaction of $237,500.00. Following the transaction, the insider directly owned 163,817 shares in the company, valued at $15,562,615. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Victoria's Secret & Co. Stock Performance
NYSE VSXY opened at $92.63 on Wednesday. Victoria's Secret & Co. has a fifty-two week low of $33.20 and a fifty-two week high of $102.46. The stock's 50-day moving average is $84.84 and its two-hundred day moving average is $69.20.
Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.18. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts expect that Victoria's Secret & Co. will post 4.75 EPS for the current fiscal year.
Hedge Funds Weigh In On Victoria's Secret & Co.
Several large investors have recently bought and sold shares of VSXY. Dimensional Fund Advisors LP raised its stake in Victoria's Secret & Co. by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,943,417 shares of the company's stock valued at $90,066,000 after purchasing an additional 50,007 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Victoria's Secret & Co. by 0.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,343,203 shares of the company's stock worth $62,271,000 after purchasing an additional 12,238 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in Victoria's Secret & Co. in the 2nd quarter worth $39,803,000. Baird Financial Group Inc. acquired a new stake in Victoria's Secret & Co. in the 2nd quarter worth $30,622,000. Finally, Bank of America Corp DE increased its holdings in shares of Victoria's Secret & Co. by 61.9% during the 1st quarter. Bank of America Corp DE now owns 632,358 shares of the company's stock worth $29,316,000 after purchasing an additional 241,660 shares during the period. 90.29% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
VSXY has been the subject of several analyst reports. Barclays boosted their target price on Victoria's Secret & Co. from $106.00 to $112.00 and gave the stock an "overweight" rating in a report on Tuesday, October 20th. Wall Street Zen upgraded Victoria's Secret & Co. from a "hold" rating to a "buy" rating in a report on Saturday, October 17th. Wells Fargo & Company lifted their price target on shares of Victoria's Secret & Co. from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Tuesday, September 29th. JPMorgan Chase & Co. boosted their price objective on shares of Victoria's Secret & Co. from $88.00 to $110.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 28th. Finally, Zacks Research downgraded shares of Victoria's Secret & Co. from a "strong-buy" rating to a "hold" rating in a report on Friday, September 11th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $92.00.
Check Out Our Latest Report on Victoria's Secret & Co.
About Victoria's Secret & Co.
(
Get Free Report)
Victoria's Secret & Co is a specialty retailer focused on intimate apparel, lingerie, beauty products and related lifestyle merchandise. Its portfolio includes the Victoria's Secret brand, which offers bras, panties, lingerie, sleepwear, apparel, accessories, fragrances and personal-care products, and PINK, which targets younger customers with lingerie, loungewear, apparel, beauty products and accessories.
The company also operates Adore Me, a digitally focused intimates brand known for a broad range of sizes and subscription-based shopping options.
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