Barclays Forecasts Strong Price Appreciation for Victoria's Secret & Co. (NYSE:VSCO) Stock

Victoria's Secret & Co. (NYSE:VSCO - Free Report) had its price target upped by Barclays from $22.00 to $23.00 in a report released on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $15.00 target price (up from $12.00) on shares of Victoria's Secret & Co. in a report on Wednesday, May 14th. BMO Capital Markets reduced their price objective on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. JPMorgan Chase & Co. increased their price objective on Victoria's Secret & Co. from $17.00 to $22.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. UBS Group set a $24.00 target price on Victoria's Secret & Co. and gave the company a "neutral" rating in a research note on Friday, May 23rd. Finally, Cowen restated a "hold" rating on shares of Victoria's Secret & Co. in a research note on Friday, March 7th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Victoria's Secret & Co. currently has a consensus rating of "Hold" and an average target price of $24.64.

Victoria's Secret & Co. Stock Performance

Shares of Victoria's Secret & Co. stock traded down $1.21 on Thursday, hitting $19.79. The stock had a trading volume of 4,158,071 shares, compared to its average volume of 2,974,974. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 10.25, a P/E/G ratio of 1.15 and a beta of 2.26. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. Victoria's Secret & Co. has a 52-week low of $13.76 and a 52-week high of $48.73. The company's 50 day moving average price is $19.84 and its 200 day moving average price is $28.51.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The company reported $0.09 earnings per share for the quarter, meeting analysts' consensus estimates of $0.09. The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.32 billion. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The firm's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share. On average, research analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Insider Activity at Victoria's Secret & Co.

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc acquired 85,145 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The shares were acquired at an average cost of $19.47 per share, for a total transaction of $1,657,773.15. Following the transaction, the insider now directly owns 9,389,805 shares of the company's stock, valued at approximately $182,819,503.35. This represents a 0.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased 881,645 shares of company stock worth $15,881,968 over the last 90 days. Company insiders own 0.45% of the company's stock.

Institutional Trading of Victoria's Secret & Co.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Virtus Advisers LLC acquired a new stake in Victoria's Secret & Co. during the 1st quarter worth approximately $30,000. CoreCap Advisors LLC grew its holdings in Victoria's Secret & Co. by 1,898.1% during the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock valued at $85,000 after purchasing an additional 1,955 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Victoria's Secret & Co. by 326.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock worth $92,000 after buying an additional 1,682 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Victoria's Secret & Co. by 47.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock worth $104,000 after buying an additional 800 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Victoria's Secret & Co. in the 4th quarter worth $112,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

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.