Victoria's Secret & Co. (NYSE:VSCO) Trading 1.7% Higher - Should You Buy?

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report)'s stock price was up 1.7% during trading on Friday . The stock traded as high as $19.98 and last traded at $19.51. Approximately 562,906 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 3,602,781 shares. The stock had previously closed at $19.19.

Analyst Ratings Changes

Several brokerages have weighed in on VSCO. Barclays cut their price target on Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Telsey Advisory Group dropped their price objective on shares of Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating on the stock in a research note on Thursday, March 6th. The Goldman Sachs Group lowered their price target on shares of Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating on the stock in a report on Tuesday, April 22nd. BMO Capital Markets cut 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 report on Thursday, March 6th. Finally, UBS Group lowered their target price on shares of Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $28.18.

Victoria's Secret & Co. Trading Up 0.1 %

The company has a 50 day simple moving average of $18.83 and a 200 day simple moving average of $30.50. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The company has a market capitalization of $1.50 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 1.15 and a beta of 2.25.

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

Insider Transactions at Victoria's Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc purchased 212,500 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was acquired at an average cost of $16.15 per share, for a total transaction of $3,431,875.00. Following the completion of the transaction, 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 through this link. Insiders acquired 1,503,973 shares of company stock valued at $26,617,312 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

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

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in shares of Victoria's Secret & Co. by 10.3% during the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company's stock worth $144,000 after acquiring an additional 326 shares during the period. Wedmont Private Capital purchased a new position in Victoria's Secret & Co. during the fourth quarter worth about $263,000. Profit Investment Management LLC boosted its holdings in Victoria's Secret & Co. by 6.9% in the 4th quarter. Profit Investment Management LLC now owns 63,357 shares of the company's stock valued at $2,624,000 after purchasing an additional 4,083 shares during the last quarter. Ballentine Partners LLC acquired a new position in Victoria's Secret & Co. in the 4th quarter valued at about $236,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Victoria's Secret & Co. in the 4th quarter valued at approximately $206,000. 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.