Shares of Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) have earned a consensus recommendation of "Hold" from the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $30.09.
A number of research firms have issued reports on VSCO. The Goldman Sachs Group decreased their price objective on Victoria's Secret & Co. from $35.00 to $19.00 and set a "sell" rating for the company in a report on Monday, March 10th. BMO Capital Markets decreased 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. JPMorgan Chase & Co. dropped their price objective on shares of Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating on the stock in a research note on Monday. Barclays decreased their target price 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. Finally, Morgan Stanley dropped their price target on Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th.
Check Out Our Latest Stock Analysis on Victoria's Secret & Co.
Insider Activity at Victoria's Secret & Co.
In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $16.78 per share, with a total value of $1,347,903.84. Following the transaction, the insider now owns 9,255,347 shares in the company, valued at $155,304,722.66. This represents a 0.88 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have acquired 1,503,973 shares of company stock valued at $26,617,312. 1.10% of the stock is owned by corporate insiders.
Institutional Trading of Victoria's Secret & Co.
A number of institutional investors have recently made changes to their positions in the stock. NBC Securities Inc. lifted its position in Victoria's Secret & Co. by 141,000.0% during the first quarter. NBC Securities Inc. now owns 2,822 shares of the company's stock valued at $52,000 after purchasing an additional 2,820 shares during the period. CoreCap Advisors LLC raised its stake 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 buying an additional 1,955 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of 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 valued at $92,000 after buying an additional 1,682 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Victoria's Secret & Co. by 47.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock valued at $104,000 after buying an additional 800 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Victoria's Secret & Co. in the 4th quarter worth $112,000. Hedge funds and other institutional investors own 90.29% of the company's stock.
Victoria's Secret & Co. Trading Down 2.2 %
Shares of NYSE VSCO traded down $0.37 during midday trading on Thursday, hitting $15.92. 2,793,261 shares of the company traded hands, compared to its average volume of 2,919,073. Victoria's Secret & Co. has a 12-month low of $13.76 and a 12-month high of $48.73. The firm has a market cap of $1.25 billion, a P/E ratio of 8.25, a P/E/G ratio of 1.15 and a beta of 2.26. The stock has a 50-day moving average price of $22.61 and a 200 day moving average price of $31.30. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17.
Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. As a group, analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.
About Victoria's Secret & Co.
(
Get Free ReportVictoria'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.
See Also
Before you consider Victoria's Secret & Co., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Victoria's Secret & Co. wasn't on the list.
While Victoria's Secret & Co. currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
