Victoria's Secret & Co. (NYSE:VSCO) Given a $24.00 Price Target by UBS Group Analysts

UBS Group set a $24.00 price target on Victoria's Secret & Co. (NYSE:VSCO - Free Report) in a report released on Friday, Marketbeat.com reports. The brokerage currently has a neutral rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. Cowen restated a "hold" rating on shares of Victoria's Secret & Co. in a research note on Friday, March 7th. The Goldman Sachs Group decreased their price target on shares of Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. increased their price target on shares of Victoria's Secret & Co. from $17.00 to $22.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Bank of America decreased their target price on shares of Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating for the company in a research report on Thursday, January 30th. Finally, Morgan Stanley decreased their target price 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 report on Tuesday, May 6th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $26.18.

Victoria's Secret & Co. Stock Down 7.0%

Shares of VSCO traded down $1.58 during mid-day trading on Friday, hitting $20.96. The company's stock had a trading volume of 6,347,911 shares, compared to its average volume of 2,953,366. The company's 50-day moving average is $19.33 and its 200-day moving average is $29.59. Victoria's Secret & Co. has a 52-week low of $13.76 and a 52-week high of $48.73. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 1.15 and a beta of 2.25. 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. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.30. The firm 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%. On average, equities research analysts forecast that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Insider Activity at Victoria's Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of Victoria's Secret & Co. stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $16.78 per share, for a total transaction of $1,347,903.84. Following the purchase, the insider now directly owns 9,255,347 shares of the company's stock, valued at approximately $155,304,722.66. The trade was a 0.88% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders purchased 1,503,973 shares of company stock valued at $26,617,312 in the last three months. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Strs Ohio purchased a new position in shares of Victoria's Secret & Co. in the first quarter worth about $674,000. Intech Investment Management LLC raised its position in Victoria's Secret & Co. by 642.8% during the 1st quarter. Intech Investment Management LLC now owns 175,722 shares of the company's stock worth $3,265,000 after buying an additional 152,065 shares during the last quarter. Bayforest Capital Ltd purchased a new position in Victoria's Secret & Co. during the 1st quarter worth approximately $813,000. Jones Financial Companies Lllp raised its position in Victoria's Secret & Co. by 606,904.8% during the 1st quarter. Jones Financial Companies Lllp now owns 382,413 shares of the company's stock worth $7,105,000 after buying an additional 382,350 shares during the last quarter. Finally, Scientech Research LLC raised its position in Victoria's Secret & Co. by 188.0% during the 1st quarter. Scientech Research LLC now owns 36,671 shares of the company's stock worth $681,000 after buying an additional 23,940 shares during the last quarter. 90.29% of the stock is currently 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.