Victoria's Secret & Co. (NYSE:VSCO) Rating Increased to Buy at Wall Street Zen

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

VSCO has been the topic of a number of other reports. Wells Fargo & Company reaffirmed an "underweight" rating and set a $15.00 price objective (up from $12.00) on shares of Victoria's Secret & Co. in a research note on Wednesday, May 14th. 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. JPMorgan Chase & Co. lifted their price objective on shares of Victoria's Secret & Co. from $17.00 to $22.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Bank of America decreased their price objective 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, The Goldman Sachs Group dropped their price objective on shares of Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating on the stock in a research report on Tuesday, April 22nd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Victoria's Secret & Co. presently has an average rating of "Hold" and an average price target of $26.18.

Victoria's Secret & Co. Price Performance

Victoria's Secret & Co. stock traded down $1.99 during trading hours on Friday, hitting $20.55. 3,432,985 shares of the stock were exchanged, compared to its average volume of 2,942,974. Victoria's Secret & Co. has a 12 month low of $13.76 and a 12 month high of $48.73. The business's 50-day moving average is $19.33 and its two-hundred day moving average is $29.59. 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 stock has a market capitalization of $1.62 billion, a P/E ratio of 10.61, a P/E/G ratio of 1.15 and a beta of 2.25.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its 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 firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Equities research analysts expect 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 212,500 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was bought at an average price of $16.15 per share, for a total transaction of $3,431,875.00. Following the transaction, the insider now directly owns 10,310,631 shares in the company, valued at $166,516,690.65. This represents a 2.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased a total of 1,503,973 shares of company stock valued at $26,617,312 over the last quarter. Company insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VSCO. Vanguard Group Inc. grew its holdings in Victoria's Secret & Co. by 0.4% during the first quarter. Vanguard Group Inc. now owns 8,966,584 shares of the company's stock worth $166,599,000 after purchasing an additional 38,695 shares during the period. FMR LLC boosted its holdings in Victoria's Secret & Co. by 44.7% during the fourth quarter. FMR LLC now owns 3,988,122 shares of the company's stock worth $165,188,000 after purchasing an additional 1,231,090 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Victoria's Secret & Co. by 7.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company's stock worth $85,168,000 after buying an additional 137,074 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Victoria's Secret & Co. by 8.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,035,460 shares of the company's stock valued at $84,309,000 after buying an additional 156,979 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of Victoria's Secret & Co. by 481.5% during the 4th quarter. Marshall Wace LLP now owns 1,956,760 shares of the company's stock valued at $81,049,000 after purchasing an additional 1,620,256 shares in the last quarter. Institutional investors own 90.29% of the company's stock.

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.