Barclays Issues Pessimistic Forecast for Victoria's Secret & Co. (NYSE:VSCO) Stock Price

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) had its price target cut by equities researchers at Barclays from $23.00 to $22.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's target price indicates a potential downside of 0.68% from the company's current price.

Several other brokerages have also recently issued reports on VSCO. UBS Group set a $24.00 target price on shares of Victoria's Secret & Co. and gave the company a "neutral" rating in a research report on Friday, May 23rd. Telsey Advisory Group restated a "market perform" rating and set a $24.00 price target on shares of Victoria's Secret & Co. in a report on Monday. Morgan Stanley dropped their price objective on shares of Victoria's Secret & Co. from $23.00 to $19.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. BMO Capital Markets cut their price objective on shares of Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Finally, Jefferies Financial Group cut their price target on shares of Victoria's Secret & Co. from $42.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $26.09.

Victoria's Secret & Co. Price Performance

Shares of Victoria's Secret & Co. stock traded up $1.27 on Thursday, hitting $22.15. 2,559,415 shares of the company traded hands, compared to its average volume of 2,979,666. Victoria's Secret & Co. has a 52 week low of $13.76 and a 52 week high of $48.73. The business has a 50-day simple moving average of $19.46 and a 200 day simple moving average of $28.90. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The stock has a market capitalization of $1.74 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating the consensus estimate of $2.30 by $0.30. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Research analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Victoria's Secret & Co.

In related 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 purchased at an average cost of $16.78 per share, with a total value of $1,347,903.84. Following the completion of the acquisition, the insider now directly owns 9,255,347 shares of the company's stock, valued at $155,304,722.66. This represents a 0.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders acquired 1,503,973 shares of company stock worth $26,617,312. 0.45% of the stock is owned by insiders.

Institutional Investors Weigh In On Victoria's Secret & Co.

Large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in shares of Victoria's Secret & Co. by 31,597.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 91,290 shares of the company's stock worth $3,690,000 after acquiring an additional 91,002 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in shares of Victoria's Secret & Co. during the 4th quarter worth approximately $2,399,000. FengHe Fund Management Pte. Ltd. acquired a new stake in shares of Victoria's Secret & Co. during the 4th quarter valued at about $2,435,000. Principal Financial Group Inc. boosted its position in Victoria's Secret & Co. by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 381,419 shares of the company's stock worth $15,798,000 after purchasing an additional 11,909 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new position in shares of Victoria's Secret & Co. during the 4th quarter worth approximately $311,000. Hedge funds and other institutional investors own 90.29% of the company's stock.

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.