Victoria's Secret & Co. (NYSE:VSCO) Trading 0.8% Higher - Here's Why

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report)'s stock price was up 0.8% on Monday . The company traded as high as $19.06 and last traded at $18.69. Approximately 355,365 shares changed hands during trading, a decline of 88% from the average daily volume of 2,939,677 shares. The stock had previously closed at $18.54.

Analysts Set New Price Targets

A number of brokerages have issued reports on VSCO. Wells Fargo & Company lowered Victoria's Secret & Co. from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $25.00 to $12.00 in a research report on Wednesday. Bank of America decreased their target price on Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating on the stock in a research note on Thursday, January 30th. The Goldman Sachs Group dropped their target price on Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley dropped their price objective on shares of Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Finally, UBS Group decreased their price target on shares of Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $28.55.

Victoria's Secret & Co. Stock Up 1.8 %

The firm has a 50-day moving average price of $19.54 and a two-hundred day moving average price of $30.70. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.30. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. On average, sell-side analysts forecast that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

Insider Activity

In other news, major shareholder International Pte Ltd Bbrc acquired 212,500 shares of Victoria's Secret & Co. stock in a transaction on Thursday, April 3rd. The stock was bought at an average price of $16.15 per share, for a total transaction of $3,431,875.00. Following the completion of the purchase, the insider now owns 10,310,631 shares in the company, valued at $166,516,690.65. This represents a 2.10 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders bought 1,503,973 shares of company stock valued at $26,617,312. Insiders own 1.10% of the company's stock.

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

Institutional investors have recently modified their holdings of the business. Marshall Wace LLP raised its holdings in shares of 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 buying an additional 1,620,256 shares during the last quarter. FMR LLC increased its stake in Victoria's Secret & Co. by 44.7% in the 4th quarter. FMR LLC now owns 3,988,122 shares of the company's stock valued at $165,188,000 after buying an additional 1,231,090 shares during the period. Point72 Hong Kong Ltd purchased a new position in Victoria's Secret & Co. during the 4th quarter worth $37,693,000. SRS Investment Management LLC purchased a new stake in shares of Victoria's Secret & Co. in the fourth quarter valued at about $37,011,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Victoria's Secret & Co. during the fourth quarter worth about $24,940,000. 90.29% of the stock is owned by institutional investors and hedge funds.

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.