Victoria's Secret & Co. (NYSE:VSCO) Stock Price Up 6.4% - Still a Buy?

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report)'s stock price was up 6.4% on Tuesday . The stock traded as high as $19.68 and last traded at $19.71. Approximately 669,144 shares were traded during trading, a decline of 77% from the average daily volume of 2,963,204 shares. The stock had previously closed at $18.52.

Analysts Set New Price Targets

Several analysts have recently issued reports on VSCO shares. Bank of America reduced their target price on shares of 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. BMO Capital Markets reduced their price objective on shares of Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Telsey Advisory Group reiterated a "market perform" rating and issued a $24.00 price objective on shares of Victoria's Secret & Co. in a research note on Wednesday, June 11th. Morgan Stanley reissued a "positive" rating on shares of Victoria's Secret & Co. in a research report on Thursday, June 12th. Finally, Wall Street Zen lowered Victoria's Secret & Co. from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $24.64.

Victoria's Secret & Co. Trading Up 0.8%

The company has a market cap of $1.64 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 1.12 and a beta of 2.18. The company has a quick ratio of 0.33, a current ratio of 1.16 and a debt-to-equity ratio of 1.60. The firm's 50-day moving average price is $20.43 and its 200-day moving average price is $25.85.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its earnings results on Wednesday, June 11th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.09. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.32 billion. Victoria's Secret & Co. had a net margin of 2.69% and a return on equity of 37.76%. The business's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS. As a group, equities research analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

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

Hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in Victoria's Secret & Co. by 326.6% in the 4th 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 period. Charles Schwab Investment Management Inc. boosted its stake in Victoria's Secret & Co. by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company's stock valued at $67,562,000 after buying an additional 22,684 shares during the period. Raymond James Financial Inc. purchased a new position in Victoria's Secret & Co. during the fourth quarter worth about $7,373,000. Amundi increased its stake in Victoria's Secret & Co. by 61.0% in the 4th quarter. Amundi now owns 5,549 shares of the company's stock worth $214,000 after acquiring an additional 2,103 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Victoria's Secret & Co. by 14.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,057 shares of the company's stock worth $789,000 after acquiring an additional 2,442 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.