Insiders Are Spending Big: 15 Stocks Leading in March

8. Victoria’s Secret & Co. (NYSE:VSCO)

Total Value of Insider Purchases In March: $19.51 million

Market Capitalization: $1.71 billion

Victoria’s Secret & Co. is a retailer specializing in women’s intimates, apparel, and beauty products, operating under the Victoria’s Secret, Victoria’s Secret PINK, and Adore Me brands. Its product range includes sleepwear, loungewear, swimwear, athleisure, lingerie, prestige fragrances, and body care items. The company is based in Reynoldsburg, Ohio, and is also considered one of 12 best apparel stocks to invest in.

For fiscal 2024, Victoria’s Secret & Co. disclosed net sales of $6.23 billion, up by 1% from $6.18 billion in fiscal 2023. Net income amounted to $165 million, or $2.05 per diluted share, compared to net income of $109 million, or $1.39 per diluted share for fiscal year 2023.

The company is forecasting net sales for the first quarter of 2025 to be in the range of $1.30 billion to $1.33 billion compared to last year’s first quarter net sales of $1.36 billion. At this forecasted level of net sales, adjusted operating income for the first quarter of 2025 is expected to be in the range of $10 million to $30 million.

In March, one insider purchased a total of $19.51 million worth of Victoria’s Secret & Co. shares at an average price of $16.91 per share. The stock trades at $21.89, having lost 47.15% since the beginning of the year. Over the past 12 months, Victoria’s Secret & Co. shares returned 11.91% to its investors.

According to StockAnalysis, 12 analysts rate Victoria’s Secret & Co. stock as a “Hold,” with a 12-month price target of $33.00, suggesting a potential upside of 51.41% from the latest price.