Key Points
- Insider Melinda Mcafee sold 7,000 shares at an average price of $98.90, totaling $692,300. The sale was made under a pre-arranged Rule 10b5-1 plan; she retained 156,817 shares afterward.
- Victoria’s Secret reported quarterly EPS of $0.95, beating the $0.77 consensus, while revenue of $1.61 billion fell slightly short of expectations. Revenue rose 10.4% year over year.
- Analysts’ consensus rating was “Moderate Buy,” with an average price target of $93.67; eight analysts rated the stock Buy and seven rated it Hold.
Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) insider Melinda Mcafee sold 7,000 shares of Victoria's Secret & Co. stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $98.90, for a total transaction of $692,300.00. Following the sale, the insider owned 156,817 shares in the company, valued at $15,509,201.30. This represents a 4.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Victoria's Secret & Co. Trading Up 2.2%
Shares of Victoria's Secret & Co. stock opened at $100.68 on Wednesday. The firm has a market capitalization of $8.03 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 0.66 and a beta of 2.11. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.36 and a quick ratio of 0.57. The company's fifty day moving average price is $86.01 and its two-hundred day moving average price is $70.07. Victoria's Secret & Co. has a 52-week low of $33.61 and a 52-week high of $102.46.
Victoria's Secret & Co. (NYSE:VSXY - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.62 billion. Victoria's Secret & Co. had a net margin of 5.46% and a return on equity of 40.43%. The business's quarterly revenue was up 10.4% on a year-over-year basis. On average, analysts expect that Victoria's Secret & Co. will post 4.75 EPS for the current year.
Hedge Funds Weigh In On Victoria's Secret & Co.
Several institutional investors have recently added to or reduced their stakes in VSXY. Dimensional Fund Advisors LP boosted its position in Victoria's Secret & Co. by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,943,417 shares of the company's stock valued at $90,066,000 after buying an additional 50,007 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Victoria's Secret & Co. by 0.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,343,203 shares of the company's stock worth $62,271,000 after buying an additional 12,238 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Victoria's Secret & Co. during the second quarter worth approximately $39,803,000. Baird Financial Group Inc. acquired a new stake in shares of Victoria's Secret & Co. during the second quarter worth approximately $30,622,000. Finally, Bank of America Corp DE increased its holdings in shares of Victoria's Secret & Co. by 61.9% during the first quarter. Bank of America Corp DE now owns 632,358 shares of the company's stock worth $29,316,000 after buying an additional 241,660 shares in the last quarter. 90.29% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on VSXY shares. JPMorgan Chase & Co. increased their target price 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. Zacks Research lowered Victoria's Secret & Co. from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 11th. Barclays upped their price target on Victoria's Secret & Co. from $106.00 to $112.00 and gave the company an "overweight" rating in a research report on Tuesday, October 20th. Needham & Company LLC began coverage on Victoria's Secret & Co. in a research note on Friday, October 16th. They set a "buy" rating and a $106.00 price objective for the company. Finally, Morgan Stanley increased their price objective on Victoria's Secret & Co. from $101.00 to $104.00 and gave the stock an "overweight" rating in a research note on Monday, October 19th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $93.67.
Check Out Our Latest Stock 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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