Victoria's Secret & Co.'s (VSCO) "Overweight" Rating Reiterated at Barclays

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report)'s stock had its "overweight" rating reaffirmed by analysts at Barclays in a research note issued on Thursday, Marketbeat.com reports. They currently have a $23.00 price objective on the stock, up from their previous price objective of $22.00. Barclays's price objective would indicate a potential upside of 23.39% from the company's current price.

A number of other equities research analysts have also recently weighed in on VSCO. BMO Capital Markets dropped their price target on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Jefferies Financial Group dropped their target price on Victoria's Secret & Co. from $42.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Cowen reiterated a "hold" rating on shares of Victoria's Secret & Co. in a research note on Friday, March 7th. The Goldman Sachs Group restated a "sell" rating and issued a $15.00 price target on shares of Victoria's Secret & Co. in a research note on Wednesday, June 4th. Finally, Wall Street Zen downgraded Victoria's Secret & Co. from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $24.64.

Victoria's Secret & Co. Price Performance

VSCO stock traded up $0.45 during trading on Thursday, reaching $18.64. 2,744,012 shares of the company were exchanged, compared to its average volume of 2,989,634. 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's 50 day moving average price is $19.92 and its 200 day moving average price is $28.12. Victoria's Secret & Co. has a 52-week low of $13.76 and a 52-week high of $48.73. The company has a market cap of $1.47 billion, a P/E ratio of 9.62, a PEG 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, June 11th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company posted $0.12 earnings per share. The firm's revenue was down .5% compared to the same quarter last year. As a group, analysts predict that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc bought 212,500 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were bought at an average price of $16.15 per share, with a total value of $3,431,875.00. Following the purchase, the insider now owns 10,310,631 shares of the company's stock, valued at $166,516,690.65. This trade represents a 2.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders have bought 881,645 shares of company stock valued at $15,881,968. Insiders own 0.45% of the company's stock.

Institutional Trading of Victoria's Secret & Co.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Strs Ohio bought a new position in Victoria's Secret & Co. in the 1st quarter valued at $674,000. Intech Investment Management LLC raised its stake in Victoria's Secret & Co. by 642.8% in the first quarter. Intech Investment Management LLC now owns 175,722 shares of the company's stock valued at $3,265,000 after buying an additional 152,065 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in Victoria's Secret & Co. in the first quarter valued at about $813,000. Jones Financial Companies Lllp raised its stake in Victoria's Secret & Co. by 606,904.8% in the first quarter. Jones Financial Companies Lllp now owns 382,413 shares of the company's stock valued at $7,105,000 after buying an additional 382,350 shares during the last quarter. Finally, Scientech Research LLC raised its stake in Victoria's Secret & Co. by 188.0% in the first quarter. Scientech Research LLC now owns 36,671 shares of the company's stock valued at $681,000 after buying an additional 23,940 shares during the last quarter. 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.