Victoria's Secret & Co. (NYSE:VSCO) Receives $28.55 Average PT from Brokerages

Shares of Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) have been given an average rating of "Hold" by the twelve analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $28.18.

Several brokerages have recently weighed in on VSCO. Barclays decreased their price objective on Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Bank of America decreased their price objective on Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating on the stock in a report on Thursday, January 30th. The Goldman Sachs Group dropped their target price on 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. UBS Group decreased their price target 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. Finally, Wells Fargo & Company lowered Victoria's Secret & Co. from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $25.00 to $12.00 in a research note on Wednesday, April 30th.

Insider Buying and Selling

In other news, major shareholder International Pte Ltd Bbrc purchased 80,328 shares of Victoria's Secret & Co. stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $16.78 per share, for a total transaction of $1,347,903.84. Following the completion of the acquisition, the insider now owns 9,255,347 shares in the company, valued at approximately $155,304,722.66. This trade represents a 0.88 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have bought 1,503,973 shares of company stock worth $26,617,312. Corporate insiders own 1.10% of the company's stock.

Institutional Trading of Victoria's Secret & Co.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 worth $85,000 after buying an additional 1,955 shares during the period. Smartleaf Asset Management LLC raised its stake 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 worth $92,000 after purchasing an additional 1,682 shares during the period. Canada Pension Plan Investment Board boosted its stake in Victoria's Secret & Co. by 47.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock valued at $104,000 after acquiring an additional 800 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Victoria's Secret & Co. during the fourth quarter valued at $112,000. Finally, NBC Securities Inc. grew its stake in shares of Victoria's Secret & Co. by 141,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,822 shares of the company's stock worth $52,000 after acquiring an additional 2,820 shares during the period. Institutional investors and hedge funds own 90.29% of the company's stock.

Victoria's Secret & Co. Stock Up 1.2 %

Shares of VSCO stock traded up $0.22 on Monday, hitting $19.23. The company's stock had a trading volume of 1,897,014 shares, compared to its average volume of 2,951,325. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 9.96, a P/E/G ratio of 1.15 and a beta of 2.25. Victoria's Secret & Co. has a fifty-two week low of $13.76 and a fifty-two week high of $48.73. The firm's fifty day moving average price is $18.83 and its 200-day moving average price is $30.50. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating 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 business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. Research analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Victoria's Secret & Co. Company Profile

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.