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

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) has been given a consensus recommendation of "Hold" by the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $24.64.

VSCO has been the topic of a number of analyst reports. The Goldman Sachs Group reissued a "sell" rating and issued a $15.00 target price on shares of Victoria's Secret & Co. in a research note on Wednesday, June 4th. Wall Street Zen downgraded shares of Victoria's Secret & Co. from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $24.00 price target on shares of Victoria's Secret & Co. in a research note on Wednesday, June 11th. UBS Group set a $24.00 price objective on shares of Victoria's Secret & Co. and gave the company a "neutral" rating in a research note on Friday, May 23rd. Finally, Morgan Stanley restated a "positive" rating on shares of Victoria's Secret & Co. in a research report on Thursday, June 12th.

Victoria's Secret & Co. Stock Performance

Shares of VSCO traded up $0.40 during trading hours on Tuesday, reaching $19.31. 3,127,099 shares of the company traded hands, compared to its average volume of 3,541,537. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.33 and a current ratio of 1.16. The stock's fifty day moving average is $20.19 and its 200 day moving average is $26.79. Victoria's Secret & Co. has a 1-year low of $13.76 and a 1-year high of $48.73. The stock has a market cap of $1.54 billion, a P/E ratio of 9.66, a price-to-earnings-growth ratio of 1.03 and a beta of 2.26.

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

Insider Activity

In related news, major shareholder International Pte Ltd Bbrc acquired 212,500 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was purchased at an average cost of $16.15 per share, for a total transaction of $3,431,875.00. Following the completion of the transaction, the insider now directly owns 10,310,631 shares of the company's stock, valued at approximately $166,516,690.65. The trade was a 2.10% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.45% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Victoria's Secret & Co. by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,966,584 shares of the company's stock valued at $166,599,000 after acquiring an additional 38,695 shares in the last quarter. FMR LLC grew its stake 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 buying an additional 1,231,090 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Victoria's Secret & Co. by 7.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company's stock valued at $85,168,000 after acquiring an additional 137,074 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of Victoria's Secret & Co. by 8.4% in 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 purchasing an additional 156,979 shares during the last quarter. Finally, Marshall Wace LLP grew its position in Victoria's Secret & Co. by 481.5% in the fourth quarter. Marshall Wace LLP now owns 1,956,760 shares of the company's stock valued at $81,049,000 after acquiring an additional 1,620,256 shares during the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

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.