Victoria's Secret & Co. (NYSE:VSCO) Receives Average Recommendation of "Hold" from Brokerages

Shares of Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) have earned an average recommendation of "Hold" from the twelve analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $24.64.

Several brokerages recently issued reports on VSCO. Morgan Stanley reiterated a "positive" rating on shares of Victoria's Secret & Co. in a research note on Thursday, June 12th. Wall Street Zen lowered shares of Victoria's Secret & Co. from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. 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. increased their price target on shares of Victoria's Secret & Co. from $17.00 to $22.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Finally, Cowen reiterated a "hold" rating on shares of Victoria's Secret & Co. in a research note on Friday, March 7th.

Victoria's Secret & Co. Stock Down 1.1%

Shares of NYSE VSCO opened at $18.62 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 0.33 and a debt-to-equity ratio of 1.60. 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 capitalization of $1.49 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 1.03 and a beta of 2.26. The firm has a fifty day simple moving average of $20.00 and a two-hundred day simple moving average of $27.10.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Victoria's Secret & Co. had a net margin of 2.69% and a return on equity of 37.76%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the business earned $0.12 EPS. The company's revenue for the quarter was down .5% on a year-over-year basis. Equities analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

Insider Buying and Selling at Victoria's Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc purchased 584,000 shares of the company's stock in a transaction dated Friday, March 28th. The shares were purchased at an average price of $18.48 per share, with a total value of $10,792,320.00. Following the acquisition, the insider now directly owns 10,098,131 shares in the company, valued at $186,613,460.88. The trade was a 6.14% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders bought 881,645 shares of company stock worth $15,881,968. 0.45% of the stock is owned by corporate insiders.

Institutional Trading of Victoria's Secret & Co.

Institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Victoria's Secret & Co. by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company's stock valued at $67,562,000 after acquiring an additional 22,684 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Victoria's Secret & Co. by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company's stock valued at $369,793,000 after acquiring an additional 58,981 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Victoria's Secret & Co. by 1,209.6% in the first quarter. GAMMA Investing LLC now owns 45,651 shares of the company's stock worth $848,000 after buying an additional 42,165 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Victoria's Secret & Co. in the fourth quarter worth approximately $7,373,000. Finally, Tremblant Capital Group boosted its holdings in shares of Victoria's Secret & Co. by 137.1% in the fourth quarter. Tremblant Capital Group now owns 550,135 shares of the company's stock worth $22,787,000 after buying an additional 318,080 shares during the last quarter. Hedge funds and other institutional investors own 90.29% of the company's stock.

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.

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