Victoria's Secret & Co. (NYSE:VSCO) Trading 13.3% Higher - Still a Buy?

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) shares rose 13.3% during mid-day trading on Monday . The company traded as high as $22.30 and last traded at $21.83. Approximately 595,579 shares traded hands during trading, a decline of 83% from the average daily volume of 3,509,413 shares. The stock had previously closed at $19.26.

Wall Street Analysts Forecast Growth

VSCO has been the subject of a number of research analyst reports. Wells Fargo & Company reissued an "underweight" rating and set a $15.00 target price (up previously from $12.00) on shares of Victoria's Secret & Co. in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. UBS Group dropped their target price 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. BMO Capital Markets dropped their price objective on shares of Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Finally, Bank of America dropped their price objective on shares of 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. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $27.09.

Victoria's Secret & Co. Price Performance

The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 1.15 and a beta of 2.25. The business's 50-day moving average price is $18.64 and its two-hundred day moving average price is $30.16.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, topping analysts' consensus estimates of $2.30 by $0.30. The firm 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, research analysts forecast that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $16.78 per share, for a total transaction of $1,347,903.84. Following the completion of the purchase, the insider now owns 9,255,347 shares of the company's stock, valued at $155,304,722.66. This represents a 0.88% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired a total of 1,503,973 shares of company stock valued at $26,617,312 over the last 90 days. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Victoria's Secret & Co.

Hedge funds have recently added to or reduced their stakes in the stock. Virtus Advisers LLC bought a new stake in Victoria's Secret & Co. in the first quarter valued at $30,000. NBC Securities Inc. raised its stake 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 valued at $52,000 after purchasing an additional 2,820 shares in the last quarter. Allworth Financial LP raised its stake in shares of Victoria's Secret & Co. by 677.4% during the first quarter. Allworth Financial LP now owns 3,063 shares of the company's stock valued at $57,000 after purchasing an additional 2,669 shares in the last quarter. KBC Group NV raised its stake in shares of Victoria's Secret & Co. by 40.8% during the first quarter. KBC Group NV now owns 3,904 shares of the company's stock valued at $73,000 after purchasing an additional 1,132 shares in the last quarter. Finally, CoreCap Advisors LLC raised its stake in shares of Victoria's Secret & Co. by 1,898.1% during 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 in the last quarter. 90.29% of the stock is currently owned by institutional investors.

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.