Victoria’s Secret & Co. (NYSE:VSCO) Given Consensus Rating of “Hold” by Analysts

Victoria’s Secret & Co. (NYSE:VSCO) has earned a consensus recommendation of “Hold” from the twelve brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $30.09.

A number of brokerages have weighed in on VSCO. Cowen reiterated a “hold” rating on shares of Victoria’s Secret & Co. in a research report on Friday, March 7th. Wells Fargo & Company cut their price objective 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. BMO Capital Markets lowered their target price on shares of Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. UBS Group cut their price target on Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Finally, Bank of America decreased their price objective on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a research note on Thursday, January 30th.

Insider Transactions at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of Victoria’s Secret & Co. stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $16.78 per share, with a total value of $1,347,903.84. Following the completion of the purchase, the insider now directly owns 9,255,347 shares in the company, valued at $155,304,722.66. The trade was a 0.88 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders acquired 1,503,973 shares of company stock valued at $26,617,312. 1.10% of the stock is owned by corporate insiders.

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

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

Victoria’s Secret & Co. Trading Down 4.8 %

NYSE:VSCO opened at $16.27 on Thursday. Victoria’s Secret & Co. has a 12 month low of $13.76 and a 12 month 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. The firm’s 50 day moving average is $22.96 and its 200 day moving average is $31.40. The stock has a market capitalization of $1.28 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $2.10 billion. Sell-side analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current 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.