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

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.

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.

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.