Brokerages Set Victoria’s Secret & Co. (NYSE:VSCO) Target Price at $31.73

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have been assigned an average recommendation of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $31.73.

Several research firms have issued reports on VSCO. BMO Capital Markets lowered their price target 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. Wells Fargo & Company lowered their price target on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. Cowen restated a “hold” rating on shares of Victoria’s Secret & Co. in a report on Friday, March 7th. Bank of America lowered their price target on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a report on Thursday, January 30th. Finally, Barclays lowered their price target on shares of Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, March 7th.

Insider Activity

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc purchased 542,000 shares of Victoria’s Secret & Co. stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $17.32 per share, with a total value of $9,387,440.00. Following the transaction, the insider now owns 8,695,019 shares in the company, valued at $150,597,729.08. This trade represents a 6.65 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Victoria’s Secret & Co.

Several hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new stake in Victoria’s Secret & Co. in the 4th quarter valued at $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Victoria’s Secret & Co. by 33.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,355 shares of the company’s stock valued at $6,435,000 after purchasing an additional 38,820 shares during the period. Tremblant Capital Group grew its position in Victoria’s Secret & Co. by 137.1% in the 4th quarter. Tremblant Capital Group now owns 550,135 shares of the company’s stock valued at $22,787,000 after purchasing an additional 318,080 shares during the period. State of Wyoming grew its position in Victoria’s Secret & Co. by 173.2% in the 4th quarter. State of Wyoming now owns 6,245 shares of the company’s stock valued at $259,000 after purchasing an additional 3,959 shares during the period. Finally, Shellback Capital LP acquired a new stake in Victoria’s Secret & Co. in the 4th quarter valued at $3,728,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Trading Up 1.6 %

Shares of VSCO stock opened at $20.39 on Friday. The firm has a market capitalization of $1.60 billion, a P/E ratio of 10.56, a P/E/G ratio of 1.15 and a beta of 2.16. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.73. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The stock’s fifty day simple moving average is $30.58 and its 200 day simple moving average is $32.27.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.30. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. As a group, sell-side analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

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.