Victoria's Secret & Co. (NYSE:VSCO) Downgraded by Wall Street Zen to Hold

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

Several other analysts have also recently weighed in on VSCO. BMO Capital Markets dropped their price target on shares of 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. Barclays decreased their price objective on Victoria's Secret & Co. from $23.00 to $22.00 and set an "overweight" rating on the stock in a report on Thursday. Morgan Stanley cut their target price on 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. Wells Fargo & Company restated an "underweight" rating and issued a $15.00 target price (up previously from $12.00) on shares of Victoria's Secret & Co. in a research report on Wednesday, May 14th. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and issued a $15.00 price target on shares of Victoria's Secret & Co. in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $26.09.

Victoria's Secret & Co. Price Performance

Shares of VSCO stock traded up $1.27 during trading hours on Friday, reaching $22.15. The company had a trading volume of 2,559,415 shares, compared to its average volume of 2,970,228. Victoria's Secret & Co. has a 12-month low of $13.76 and a 12-month high of $48.73. 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 company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 1.15 and a beta of 2.26. The stock has a fifty day moving average of $19.54 and a 200-day moving average of $28.80.

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

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

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc purchased 85,145 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was bought at an average price of $19.47 per share, with a total value 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 1,503,973 shares of company stock valued at $26,617,312 in the last three months. 0.45% of the stock is owned by corporate insiders.

Institutional Trading of Victoria's Secret & Co.

Several hedge funds have recently modified their holdings of VSCO. Virtus Advisers LLC acquired a new position in Victoria's Secret & Co. during the 1st quarter worth $30,000. NBC Securities Inc. boosted its stake in shares of Victoria's Secret & Co. by 141,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,822 shares of the company's stock valued at $52,000 after buying an additional 2,820 shares during the period. Allworth Financial LP grew its holdings in Victoria's Secret & Co. by 677.4% during the 1st quarter. Allworth Financial LP now owns 3,063 shares of the company's stock worth $57,000 after acquiring an additional 2,669 shares in the last quarter. KBC Group NV increased its holdings in Victoria's Secret & Co. by 40.8% in the first quarter. KBC Group NV now owns 3,904 shares of the company's stock valued at $73,000 after buying an additional 1,132 shares during the last quarter. Finally, CoreCap Advisors LLC raised its position in shares of 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 worth $85,000 after acquiring an additional 1,955 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

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.

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