Victoria’s Secret & Co. (NYSE:VSXY) Insider Melinda Mcafee Sells 2,500 Shares of Stock

Victoria’s Secret & Co. (NYSE:VSXY) insider Melinda Mcafee sold 2,500 shares of the company’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $95.00, for a total value of $237,500.00. Following the completion of the transaction, the insider directly owned 163,817 shares in the company, valued at $15,562,615. This represents a 1.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Victoria’s Secret & Co. Trading Down 2.5%

Shares of NYSE:VSXY opened at $92.63 on Wednesday. Victoria’s Secret & Co. has a one year low of $33.20 and a one year high of $102.46. The stock has a fifty day moving average of $84.84 and a 200-day moving average of $69.20.

Victoria’s Secret & Co. (NYSE:VSXY) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.18. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. Victoria’s Secret & Co.’s revenue was up 10.4% on a year-over-year basis. As a group, equities research analysts anticipate that Victoria’s Secret & Co. will post 4.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VSXY. Hanseatic Management Services Inc. raised its position in Victoria’s Secret & Co. by 2.1% during the third quarter. Hanseatic Management Services Inc. now owns 14,330 shares of the company’s stock valued at $1,268,000 after acquiring an additional 292 shares in the last quarter. Signaturefd LLC lifted its stake in Victoria’s Secret & Co. by 83.4% in the third quarter. Signaturefd LLC now owns 552 shares of the company’s stock valued at $49,000 after acquiring an additional 251 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in Victoria’s Secret & Co. in the third quarter worth approximately $31,000. Sterling Capital Management LLC grew its position in Victoria’s Secret & Co. by 25.9% in the third quarter. Sterling Capital Management LLC now owns 10,513 shares of the company’s stock worth $930,000 after acquiring an additional 2,165 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Victoria’s Secret & Co. during the 3rd quarter worth $304,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on VSXY shares. Zacks Research lowered Victoria’s Secret & Co. from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 11th. UBS Group cut their price objective on Victoria’s Secret & Co. from $95.00 to $87.00 and set a “neutral” rating on the stock in a report on Friday, September 4th. Wall Street Zen raised shares of Victoria’s Secret & Co. from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th. Weiss Ratings upgraded shares of Victoria’s Secret & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, Barclays raised their target price on shares of Victoria’s Secret & Co. from $106.00 to $112.00 and gave the stock an “overweight” rating in a report on Tuesday, October 20th. Eight research 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, Victoria’s Secret & Co. has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Victoria’s Secret & Co. Company Profile

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.