Victoria’s Secret & Co. (NYSE:VSCO) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Victoria’s Secret & Co. (NYSE:VSCO) from a buy rating to a hold rating in a research note published on Friday morning.

A number of other analysts also recently issued reports on the company. Barclays cut their price objective on Victoria’s Secret & Co. from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday. JPMorgan Chase & Co. lifted their target price 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. BMO Capital Markets dropped their target price on Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Jefferies Financial Group dropped their target price on Victoria’s Secret & Co. from $42.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, May 21st. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $15.00 target price (up from $12.00) on shares of Victoria’s Secret & Co. in a research report on Wednesday, May 14th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $26.09.

Victoria’s Secret & Co. Stock Up 6.1%

Shares of NYSE:VSCO opened at $22.15 on Friday. The business has a 50-day moving average price of $19.54 and a 200 day moving average price of $28.71. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 1.15 and a beta of 2.26. Victoria’s Secret & Co. has a 12-month low of $13.76 and a 12-month high of $48.73.

Insider Transactions at Victoria’s Secret & Co.

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc bought 85,145 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The stock was purchased at an average price of $19.47 per share, for a total transaction of $1,657,773.15. Following the completion of the purchase, the insider now directly owns 9,389,805 shares in the company, valued at $182,819,503.35. This trade represents a 0.92% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders purchased 961,973 shares of company stock valued at $17,229,872. 0.45% of the stock is currently owned by corporate insiders.

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

Several institutional investors have recently added to or reduced their stakes in the business. Strs Ohio purchased a new stake in Victoria’s Secret & Co. during the first quarter worth approximately $674,000. Intech Investment Management LLC lifted its stake in Victoria’s Secret & Co. by 642.8% during the first quarter. Intech Investment Management LLC now owns 175,722 shares of the company’s stock worth $3,265,000 after purchasing an additional 152,065 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in Victoria’s Secret & Co. during the first quarter worth approximately $813,000. Jones Financial Companies Lllp lifted its stake in Victoria’s Secret & Co. by 606,904.8% during the first quarter. Jones Financial Companies Lllp now owns 382,413 shares of the company’s stock worth $7,105,000 after purchasing an additional 382,350 shares during the last quarter. Finally, Scientech Research LLC lifted its stake in Victoria’s Secret & Co. by 188.0% during the first quarter. Scientech Research LLC now owns 36,671 shares of the company’s stock worth $681,000 after purchasing an additional 23,940 shares during the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

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.