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Victoria's Secret & Co. (NYSE:VSCO) Shares Gap Up - Still a Buy?

Victoria's Secret & Co. logo with Retail/Wholesale background

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $18.19, but opened at $19.23. Victoria's Secret & Co. shares last traded at $18.96, with a volume of 634,187 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on VSCO shares. Bank of America cut their target price on Victoria's Secret & Co. from $20.00 to $18.00 and set an "underperform" rating for the company in a research note on Thursday, June 12th. UBS Group set a $24.00 price objective on Victoria's Secret & Co. and gave the stock a "neutral" rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. boosted their target price 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. Wall Street Zen cut shares of Victoria's Secret & Co. from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Finally, Morgan Stanley reiterated a "positive" rating on shares of Victoria's Secret & Co. in a research note on Thursday, June 12th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Victoria's Secret & Co. presently has an average rating of "Hold" and an average target price of $24.64.

Check Out Our Latest Research Report on Victoria's Secret & Co.

Victoria's Secret & Co. Trading Up 0.1%

The company has a debt-to-equity ratio of 1.60, a current ratio of 1.16 and a quick ratio of 0.33. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 1.01 and a beta of 2.26. The business's 50-day simple moving average is $19.90 and its 200-day simple moving average is $27.85.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The company reported $0.09 earnings per share for the quarter, hitting analysts' consensus estimates 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 analysts' expectations of $1.32 billion. During the same period last year, the company posted $0.12 EPS. The company's revenue was down .5% on a year-over-year basis. Research analysts predict that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Insider Transactions at Victoria's Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc purchased 212,500 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were bought at an average cost of $16.15 per share, with a total value of $3,431,875.00. Following the purchase, the insider now directly owns 10,310,631 shares of the company's stock, valued at approximately $166,516,690.65. This trade 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 is available at the SEC website. Insiders purchased a total of 881,645 shares of company stock valued at $15,881,968 over the last three months. 0.45% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Victoria's Secret & Co.

Several institutional investors and hedge funds have recently modified their holdings of the company. Virtus Advisers LLC acquired a new position in Victoria's Secret & Co. in the 1st quarter valued at $30,000. CoreCap Advisors LLC grew its position in shares of Victoria's Secret & Co. by 1,898.1% in the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock valued at $85,000 after purchasing an additional 1,955 shares during the period. Smartleaf Asset Management LLC increased its stake in Victoria's Secret & Co. by 326.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock valued at $92,000 after purchasing an additional 1,682 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Victoria's Secret & Co. by 47.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock worth $104,000 after buying an additional 800 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Victoria's Secret & Co. during the fourth quarter worth about $112,000. Hedge funds and other institutional investors own 90.29% of the company's stock.

About Victoria's Secret & Co.

(Get Free Report)

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.

Further Reading

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