Victoria's Secret & Co. (NYSE:VSCO - Free Report) had its price objective cut by JPMorgan Chase & Co. from $35.00 to $17.00 in a research note published on Monday,Benzinga reports. They currently have a neutral rating on the stock.
A number of other research analysts have also recently weighed in on the company. UBS Group lowered their price objective on Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Cowen reaffirmed a "hold" rating on shares of Victoria's Secret & Co. in a report on Friday, March 7th. Barclays reduced their price objective on shares of Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Telsey Advisory Group dropped their target price on shares of Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating for the company in a report on Thursday, March 6th. Finally, Bank of America decreased 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Victoria's Secret & Co. presently has an average rating of "Hold" and an average price target of $30.09.
Check Out Our Latest Report on VSCO
Victoria's Secret & Co. Stock Up 2.5 %
Shares of NYSE VSCO traded up $0.39 during trading on Monday, reaching $16.01. The company had a trading volume of 2,550,245 shares, compared to its average volume of 2,919,760. Victoria's Secret & Co. has a 12-month low of $13.76 and a 12-month high of $48.73. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The business's 50-day moving average is $21.61 and its 200 day moving average is $31.06. The stock has a market cap of $1.26 billion, a PE ratio of 8.30, a P/E/G ratio of 1.15 and a beta of 2.26.
Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.30. The business had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.10 billion. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. As a group, equities analysts forecast that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of Victoria's Secret & Co. stock in a transaction on 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 completion of the purchase, the insider now directly owns 9,255,347 shares in the company, valued at approximately $155,304,722.66. This trade represents a 0.88 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders purchased a total of 1,503,973 shares of company stock worth $26,617,312 over the last three months. 1.10% of the stock is owned by insiders.
Hedge Funds Weigh In On Victoria's Secret & Co.
A number of hedge funds and other institutional investors have recently made changes to their positions in VSCO. GAMMA Investing LLC increased its holdings in Victoria's Secret & Co. by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company's stock valued at $144,000 after buying an additional 326 shares during the period. Picton Mahoney Asset Management grew its position in shares of Victoria's Secret & Co. by 6.5% during the 4th quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company's stock valued at $322,000 after acquiring an additional 477 shares during the period. Summit Investment Advisors Inc. increased its position in shares of Victoria's Secret & Co. by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,211 shares of the company's stock valued at $340,000 after buying an additional 522 shares in the last quarter. Mariner LLC raised its position in Victoria's Secret & Co. by 3.0% during the fourth quarter. Mariner LLC now owns 19,307 shares of the company's stock worth $800,000 after acquiring an additional 569 shares during the period. Finally, Canada Pension Plan Investment Board boosted 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 during the last quarter. Institutional investors own 90.29% of the company's stock.
About Victoria's Secret & Co.
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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.
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