Analysts Set Victoria's Secret & Co. (NYSE:VSCO) Price Target at $26.18

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) has been given a consensus rating of "Hold" by the twelve research firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $26.18.

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group lowered their price target on Victoria's Secret & Co. from $42.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Morgan Stanley decreased their price objective on shares of Victoria's Secret & Co. from $23.00 to $19.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Wall Street Zen raised shares of Victoria's Secret & Co. from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. The Goldman Sachs Group decreased their price objective on shares of Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating for the company in a report on Tuesday, April 22nd. Finally, Barclays decreased their price objective on shares of Victoria's Secret & Co. from $38.00 to $23.00 and set an "overweight" rating for the company in a report on Monday, May 12th.

Insider Activity at Victoria's Secret & Co.

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc acquired 584,000 shares of the company's stock in a transaction dated Friday, March 28th. The shares were acquired at an average cost of $18.48 per share, for a total transaction of $10,792,320.00. Following the completion of the purchase, the insider now owns 10,098,131 shares of the company's stock, valued at approximately $186,613,460.88. This trade represents a 6.14% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders bought 1,503,973 shares of company stock valued at $26,617,312. Insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Victoria's Secret & Co.

A number of institutional investors have recently added to or reduced their stakes in VSCO. Virtus Advisers LLC acquired a new stake in Victoria's Secret & Co. during the first quarter worth about $30,000. NBC Securities Inc. grew 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 worth $52,000 after buying an additional 2,820 shares in the last quarter. Allworth Financial LP grew its position in Victoria's Secret & Co. by 677.4% during the first quarter. Allworth Financial LP now owns 3,063 shares of the company's stock worth $57,000 after buying an additional 2,669 shares in the last quarter. KBC Group NV grew its position in Victoria's Secret & Co. by 40.8% during the first quarter. KBC Group NV now owns 3,904 shares of the company's stock worth $73,000 after buying an additional 1,132 shares in the last quarter. Finally, CoreCap Advisors LLC grew its position in Victoria's Secret & Co. by 1,898.1% during the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock worth $85,000 after buying an additional 1,955 shares in the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria's Secret & Co. Trading Up 2.7%

Shares of VSCO traded up $0.55 during trading hours on Friday, hitting $21.26. The stock had a trading volume of 7,496,747 shares, compared to its average volume of 2,982,770. 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 firm has a market cap of $1.67 billion, a P/E ratio of 11.02, a P/E/G ratio of 1.15 and a beta of 2.25. The company's fifty day simple moving average is $19.33 and its 200 day simple moving average is $29.33. Victoria's Secret & Co. has a 12-month low of $13.76 and a 12-month high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating 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 the consensus estimate of $2.10 billion. Equities research analysts forecast that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

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.