Victoria’s Secret & Co. (NYSE:VSCO) Given Consensus Recommendation of “Hold” by Brokerages

Victoria’s Secret & Co. (NYSE:VSCO) has received an average rating of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $31.73.

A number of equities research analysts have recently weighed in on VSCO shares. The Goldman Sachs Group dropped their price objective on Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating for the company in a research note on Monday, March 10th. Wells Fargo & Company lowered their target price on Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. Bank of America cut their price target on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a report on Thursday, January 30th. UBS Group cut their price target on Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Finally, Barclays cut their price target on Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, March 7th.

Victoria’s Secret & Co. Trading Up 5.1 %

Shares of NYSE VSCO opened at $18.55 on Friday. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.73. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The stock has a fifty day simple moving average of $31.34 and a 200-day simple moving average of $32.27. The stock has a market capitalization of $1.46 billion, a PE ratio of 9.61, a PEG ratio of 1.15 and a beta of 2.16.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.30. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.10 billion. On average, equities analysts forecast that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Insider Activity

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $16.78 per share, for a total transaction of $1,347,903.84. Following the acquisition, the insider now owns 9,255,347 shares in the company, valued at $155,304,722.66. The trade was a 0.88 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Victoria’s Secret & Co.

Large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Victoria’s Secret & Co. by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company’s stock valued at $67,562,000 after purchasing an additional 22,684 shares during the period. Wakefield Asset Management LLLP acquired a new stake in shares of Victoria’s Secret & Co. in the 4th quarter valued at about $991,000. Forest Avenue Capital Management LP acquired a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter valued at about $40,861,000. FengHe Fund Management Pte. Ltd. acquired a new stake in shares of Victoria’s Secret & Co. in the 4th quarter valued at about $2,435,000. Finally, Oliver Luxxe Assets LLC acquired a new stake in shares of Victoria’s Secret & Co. in the 4th quarter valued at about $1,963,000. 90.29% of the stock is owned by institutional investors and hedge funds.

About Victoria’s Secret & Co.

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.