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

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report)'s share price gapped up before the market opened 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 trading hands.

Analysts Set New Price Targets

VSCO has been the topic of several recent research reports. Telsey Advisory Group restated a "market perform" rating and set a $24.00 price target on shares of Victoria's Secret & Co. in a report on Wednesday, June 11th. Barclays reiterated an "overweight" rating and set a $23.00 target price (up from $22.00) on shares of Victoria's Secret & Co. in a report on Thursday. Bank of America dropped their price objective on Victoria's Secret & Co. from $20.00 to $18.00 and set an "underperform" rating on the stock in a research report on Thursday. Jefferies Financial Group reduced their price target on Victoria's Secret & Co. from $42.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Finally, Cowen reiterated a "hold" rating on shares of Victoria's Secret & Co. in a research note on Friday, March 7th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $24.64.

Victoria's Secret & Co. Stock Performance

The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The firm's fifty day moving average price is $19.92 and its two-hundred day moving average price is $28.12. The stock has a market capitalization of $1.47 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The firm's revenue was down .5% on a year-over-year basis. During the same quarter last year, the business earned $0.12 earnings per share. As a group, equities research analysts forecast that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Insider Activity at Victoria's Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc acquired 584,000 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were bought at an average cost of $18.48 per share, for a total transaction of $10,792,320.00. Following the acquisition, the insider now owns 10,098,131 shares in the company, valued at approximately $186,613,460.88. This represents a 6.14% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have purchased 881,645 shares of company stock valued at $15,881,968. 0.45% of the stock is owned by company insiders.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Virtus Advisers LLC acquired a new position in Victoria's Secret & Co. in the 1st quarter valued at $30,000. NBC Securities Inc. grew its holdings in shares of Victoria's Secret & Co. by 141,000.0% during the first quarter. NBC Securities Inc. now owns 2,822 shares of the company's stock worth $52,000 after buying an additional 2,820 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Victoria's Secret & Co. by 677.4% in the first quarter. Allworth Financial LP now owns 3,063 shares of the company's stock worth $57,000 after buying an additional 2,669 shares in the last quarter. KBC Group NV grew its stake in Victoria's Secret & Co. by 40.8% during the 1st quarter. KBC Group NV now owns 3,904 shares of the company's stock valued at $73,000 after acquiring an additional 1,132 shares in the last quarter. Finally, CoreCap Advisors LLC raised its holdings in Victoria's Secret & Co. by 1,898.1% in the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock valued at $85,000 after acquiring an additional 1,955 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.