Victoria’s Secret & Co. (NYSE:VSCO) Receives Average Recommendation of “Hold” from Analysts

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have received a consensus recommendation of “Hold” from the twelve research firms that are covering the stock, MarketBeat.com reports. Three investment 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. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $28.18.

Several brokerages recently commented on VSCO. The Goldman Sachs Group reduced their target price on Victoria’s Secret & Co. from $19.00 to $15.00 and set a “sell” rating for the company in a research report on Tuesday, April 22nd. Barclays decreased their price objective on Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Cowen reaffirmed a “hold” rating on shares of Victoria’s Secret & Co. in a research note on Friday, March 7th. JPMorgan Chase & Co. dropped their price objective on Victoria’s Secret & Co. from $35.00 to $17.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Finally, BMO Capital Markets dropped their target price on shares of 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.

Victoria’s Secret & Co. Trading Down 2.4%

NYSE VSCO opened at $19.26 on Monday. The firm’s 50 day moving average price is $18.52 and its two-hundred day moving average price is $30.31. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 1.15 and a beta of 2.25. Victoria’s Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating 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 analyst estimates of $2.10 billion. Equities analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Insider Buying and Selling at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc acquired 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 acquisition, the insider now 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders have acquired 1,503,973 shares of company stock worth $26,617,312. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VSCO. CoreCap Advisors LLC raised its position in Victoria’s Secret & Co. by 1,898.1% in the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock valued at $85,000 after buying an additional 1,955 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Victoria’s Secret & Co. by 326.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock valued at $92,000 after buying an additional 1,682 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Victoria’s Secret & Co. by 47.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock valued at $104,000 after acquiring an additional 800 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Victoria’s Secret & Co. during the fourth quarter worth approximately $112,000. Finally, NBC Securities Inc. raised its holdings in Victoria’s Secret & Co. by 141,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,822 shares of the company’s stock valued at $52,000 after acquiring an additional 2,820 shares in the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

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.