Victoria’s Secret & Co. (NYSE:VSXY) Upgraded by BMO Capital Markets to “Hold” Rating

BMO Capital Markets upgraded shares of Victoria’s Secret & Co. (NYSE:VSXY) to a hold rating in a research note released on Tuesday morning,Zacks reports.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings raised shares of Victoria’s Secret & Co. from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Wells Fargo & Company upped their target price on Victoria’s Secret & Co. from $57.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Jefferies Financial Group downgraded Victoria’s Secret & Co. from a “buy” rating to a “hold” rating and lifted their price target for the company from $65.00 to $73.00 in a research report on Wednesday, June 3rd. The Goldman Sachs Group boosted their price objective on Victoria’s Secret & Co. from $56.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Victoria’s Secret & Co. from $88.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Victoria’s Secret & Co. has a consensus rating of “Moderate Buy” and an average target price of $89.00.

Victoria’s Secret & Co. Stock Performance

Victoria’s Secret & Co. stock opened at $73.18 on Tuesday. The firm’s 50 day simple moving average is $84.99 and its 200 day simple moving average is $67.19. The company has a current ratio of 1.36, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $5.84 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 0.51 and a beta of 2.05. Victoria’s Secret & Co. has a 1-year low of $25.09 and a 1-year high of $102.46.

Victoria’s Secret & Co. (NYSE:VSXY) last posted its earnings results on Thursday, September 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Victoria’s Secret & Co.’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, analysts expect that Victoria’s Secret & Co. will post 4.72 earnings per share for the current fiscal year.

Insider Activity at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc sold 798,920 shares of Victoria’s Secret & Co. stock in a transaction dated 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 transaction, the insider owned 7,810,631 shares in the company, valued at approximately $696,317,753.65. The trade was a 9.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 1,364,570 shares of company stock valued at $121,396,640 in the last quarter. 0.52% of the stock is currently owned by insiders.

Institutional Trading of Victoria’s Secret & Co.

A number of institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC increased its stake in shares of Victoria’s Secret & Co. by 666.7% in the first quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock worth $29,000 after buying an additional 540 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Victoria’s Secret & Co. during the 4th quarter valued at $33,000. Hantz Financial Services Inc. boosted its position in Victoria’s Secret & Co. by 104.3% during the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the company’s stock valued at $44,000 after buying an additional 414 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Victoria’s Secret & Co. in the 2nd quarter worth $49,000. Finally, DV Equities LLC bought a new stake in Victoria’s Secret & Co. in the 4th quarter worth $49,000. 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 intimate apparel, lingerie, beauty products and related accessories. Its portfolio includes the Victoria’s Secret brand, which offers bras, panties, sleepwear, swimwear, apparel, fragrances and body-care products, and PINK, which targets younger consumers with lingerie, loungewear, apparel, beauty products and accessories.

The company also owns Adore Me, a digitally focused intimates brand offering lingerie and related apparel.