Victoria's Secret & Co. (NYSE:VSCO) Receives "Market Perform" Rating from Telsey Advisory Group

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report)'s stock had its "market perform" rating reiterated by equities research analysts at Telsey Advisory Group in a research note issued to investors on Monday,Benzinga reports. They presently have a $24.00 target price on the stock. Telsey Advisory Group's target price would suggest a potential upside of 17.24% from the stock's previous close.

VSCO has been the subject of a number of other reports. Barclays decreased their price objective on Victoria's Secret & Co. from $38.00 to $23.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Cowen reissued a "hold" rating on shares of Victoria's Secret & Co. in a report on Friday, March 7th. Wall Street Zen raised Victoria's Secret & Co. from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. The Goldman Sachs Group decreased their price target on Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating for the company in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. increased their price objective on Victoria's Secret & Co. from $17.00 to $22.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Three equities research 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 data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $26.18.

Victoria's Secret & Co. Stock Up 1.0%

Shares of VSCO traded up $0.20 during midday trading on Monday, reaching $20.47. 2,910,119 shares of the company were exchanged, compared to its average volume of 2,981,380. The stock has a 50-day moving average price of $19.42 and a 200-day moving average price of $29.01. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 1.15 and a beta of 2.26. Victoria's Secret & Co. has a 1-year low of $13.76 and a 1-year high of $48.73. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share 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 business had revenue of $2.11 billion for the quarter, compared to analysts' expectations of $2.10 billion. Research analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

Insider Activity

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc bought 212,500 shares of Victoria's Secret & Co. stock in a transaction dated 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 acquisition, 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders acquired 1,503,973 shares of company stock worth $26,617,312 over the last quarter. Corporate insiders own 0.45% of the company's stock.

Institutional Trading of Victoria's Secret & Co.

A number of hedge funds have recently modified their holdings of VSCO. Marshall Wace LLP raised its holdings in shares of Victoria's Secret & Co. by 481.5% during the fourth quarter. Marshall Wace LLP now owns 1,956,760 shares of the company's stock worth $81,049,000 after acquiring an additional 1,620,256 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Victoria's Secret & Co. by 9,595.8% during the first quarter. Millennium Management LLC now owns 1,419,080 shares of the company's stock worth $26,367,000 after acquiring an additional 1,404,444 shares in the last quarter. FMR LLC raised its holdings in shares of Victoria's Secret & Co. by 44.7% during the fourth quarter. FMR LLC now owns 3,988,122 shares of the company's stock worth $165,188,000 after acquiring an additional 1,231,090 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Victoria's Secret & Co. during the fourth quarter worth $37,693,000. Finally, SRS Investment Management LLC purchased a new stake in shares of Victoria's Secret & Co. during the fourth quarter worth $37,011,000. 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.