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

Victoria’s Secret & Co. (NYSE:VSCOGet Free Report) 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.

Get Our Latest Stock Analysis on VSCO

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:VSCOGet Free Report) 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.

(Get Free Report

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.

Featured Articles

Analyst Recommendations for Victoria's Secret & Co. (NYSE:VSCO)

Receive News & Ratings for Victoria's Secret & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Victoria's Secret & Co. and related companies with MarketBeat.com's FREE daily email newsletter.