Victoria's Secret & Co. (NYSE:VSCO) Price Target Lowered to $23.00 at Barclays

Victoria's Secret & Co. (NYSE:VSCO - Free Report) had its target price cut by Barclays from $38.00 to $23.00 in a report released on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

VSCO has been the subject of a number of other research reports. Bank of America cut 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. The Goldman Sachs Group cut their price target on Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating for the company in a research note on Tuesday, April 22nd. UBS Group decreased 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 note on Thursday, February 27th. BMO Capital Markets lowered their target price on shares of Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Finally, Morgan Stanley decreased their price target on Victoria's Secret & Co. from $23.00 to $19.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $27.09.

Victoria's Secret & Co. Trading Up 1.1%

Shares of NYSE VSCO traded up $0.25 during mid-day trading on Monday, hitting $23.03. The stock had a trading volume of 973,846 shares, compared to its average volume of 2,944,831. 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 $1.81 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 1.15 and a beta of 2.25. Victoria's Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73. The business has a 50 day moving average price of $18.64 and a two-hundred day moving average price of $30.16.

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

Insiders Place Their Bets

In related news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $16.78 per share, with a total value of $1,347,903.84. Following the purchase, the insider now directly owns 9,255,347 shares of the company's stock, valued at $155,304,722.66. This trade represents a 0.88% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last 90 days, insiders have purchased 1,503,973 shares of company stock valued at $26,617,312. Insiders own 1.10% of the company's stock.

Institutional Trading of Victoria's Secret & Co.

A number of large investors have recently made changes to their positions in the company. Vident Advisory LLC raised its position in shares of Victoria's Secret & Co. by 14.9% during the 1st quarter. Vident Advisory LLC now owns 23,765 shares of the company's stock worth $442,000 after acquiring an additional 3,079 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Victoria's Secret & Co. by 4,912.0% in the first quarter. Canada Pension Plan Investment Board now owns 125,300 shares of the company's stock valued at $2,328,000 after purchasing an additional 122,800 shares during the last quarter. Broad Bay Capital Management LP raised its holdings in Victoria's Secret & Co. by 50.2% during the first quarter. Broad Bay Capital Management LP now owns 1,001,819 shares of the company's stock worth $18,614,000 after purchasing an additional 334,785 shares in the last quarter. State of Wyoming lifted its position in shares of Victoria's Secret & Co. by 158.5% during the 1st quarter. State of Wyoming now owns 16,143 shares of the company's stock worth $300,000 after buying an additional 9,898 shares during the last quarter. Finally, Landscape Capital Management L.L.C. grew its position in shares of Victoria's Secret & Co. by 277.4% in the 1st quarter. Landscape Capital Management L.L.C. now owns 188,788 shares of the company's stock valued at $3,508,000 after buying an additional 138,763 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.