Victoria’s Secret & Co. (NYSE:VSXY) Insider Melinda Mcafee Sells 7,000 Shares of Company Stock

Victoria’s Secret & Co. (NYSE:VSXY) insider Melinda Mcafee sold 7,000 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $98.90, for a total transaction of $692,300.00. Following the completion of the transaction, the insider owned 156,817 shares in the company, valued at $15,509,201.30. The trade was a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Victoria’s Secret & Co. Stock Performance

Shares of VSXY opened at $100.68 on Wednesday. The company 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. Victoria’s Secret & Co. has a one year low of $33.61 and a one year high of $102.46. 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 200 day moving average price is $70.07.

Victoria’s Secret & Co. (NYSE:VSXY) last released its 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. 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 company’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, analysts expect that Victoria’s Secret & Co. will post 4.75 earnings per share for the current year.

Institutional Trading of Victoria’s Secret & Co.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC increased its stake in Victoria’s Secret & Co. by 4.7% during the third quarter. Commonwealth Equity Services LLC now owns 2,524 shares of the company’s stock valued at $223,000 after acquiring an additional 114 shares during the period. Fortitude Family Office LLC raised its holdings in Victoria’s Secret & Co. by 126.7% in the 3rd quarter. Fortitude Family Office LLC now owns 306 shares of the company’s stock valued at $27,000 after acquiring an additional 171 shares in the last quarter. Signaturefd LLC raised its holdings in Victoria’s Secret & Co. by 83.4% in the 3rd quarter. Signaturefd LLC now owns 552 shares of the company’s stock valued at $49,000 after acquiring an additional 251 shares in the last quarter. Hanseatic Management Services Inc. lifted its position in shares of Victoria’s Secret & Co. by 2.1% in the 3rd quarter. Hanseatic Management Services Inc. now owns 14,330 shares of the company’s stock worth $1,268,000 after acquiring an additional 292 shares during the period. Finally, Carolina Wealth Advisors LLC bought a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter worth approximately $31,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on VSXY shares. JPMorgan Chase & Co. boosted their price objective on Victoria’s Secret & Co. from $88.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Wells Fargo & Company raised their target price on Victoria’s Secret & Co. from $100.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday. Barclays lifted their price target on Victoria’s Secret & Co. from $106.00 to $112.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 20th. Wall Street Zen raised Victoria’s Secret & Co. from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. Finally, Zacks Research lowered 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.67.

About Victoria’s Secret & Co.

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.