Victoria’s Secret & Co. (NYSE:VSCO) Receives $31.73 Average PT from Brokerages

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have earned an average rating of “Hold” from the twelve analysts that are presently covering the company, MarketBeat reports. Two investment 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 12-month target price among brokerages that have issued ratings on the stock in the last year is $31.73.

VSCO has been the topic of a number of recent analyst reports. Morgan Stanley cut their target price on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. The Goldman Sachs Group cut their target price on shares of Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating on the stock in a research note on Monday, March 10th. JPMorgan Chase & Co. cut their target price on shares of Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. BMO Capital Markets dropped their price objective on shares of Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Finally, Cowen reiterated a “hold” rating on shares of Victoria’s Secret & Co. in a research note on Friday, March 7th.

Victoria’s Secret & Co. Stock Performance

NYSE:VSCO opened at $21.01 on Friday. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The firm has a 50-day moving average of $29.57 and a two-hundred day moving average of $32.17. The stock has a market cap of $1.65 billion, a P/E ratio of 10.89, a PEG ratio of 1.15 and a beta of 2.16. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.30. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. On average, research analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder International Pte Ltd Bbrc bought 542,000 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was purchased at an average price of $17.32 per share, for a total transaction of $9,387,440.00. Following the transaction, the insider now owns 8,695,019 shares in the company, valued at approximately $150,597,729.08. This trade represents a 6.65 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new position in shares of Victoria’s Secret & Co. in the fourth quarter valued at approximately $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Victoria’s Secret & Co. by 33.3% in the fourth 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 acquiring an additional 38,820 shares in the last quarter. Tremblant Capital Group boosted its holdings in shares of Victoria’s Secret & Co. by 137.1% in the fourth quarter. Tremblant Capital Group now owns 550,135 shares of the company’s stock valued at $22,787,000 after acquiring an additional 318,080 shares in the last quarter. State of Wyoming boosted its holdings in shares of Victoria’s Secret & Co. by 173.2% in the fourth quarter. State of Wyoming now owns 6,245 shares of the company’s stock valued at $259,000 after acquiring an additional 3,959 shares in the last quarter. Finally, Shellback Capital LP bought a new position in shares of Victoria’s Secret & Co. in the fourth quarter valued at approximately $3,728,000. 90.29% of the stock is currently owned by institutional investors.

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.