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

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

A number of research analysts have recently issued reports on the company. BMO Capital Markets cut their price target on 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. The Goldman Sachs Group reduced their target price on shares of Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating for the company in a report on Monday, March 10th. Barclays cut their price objective on shares of Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Morgan Stanley reduced their price objective on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, March 7th. Finally, Wells Fargo & Company lowered their target price on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th.

Victoria’s Secret & Co. Stock Performance

Shares of Victoria’s Secret & Co. stock opened at $21.76 on Friday. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $48.73. The stock’s fifty day moving average price is $29.91 and its 200-day moving average price is $32.12. The firm has a market cap of $1.71 billion, a P/E ratio of 11.28, a P/E/G ratio of 1.15 and a beta of 2.16. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.30. The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations 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, equities research analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $16.78 per share, with a total value of $1,347,903.84. Following the completion of the acquisition, the insider now directly owns 9,255,347 shares of the company’s stock, valued at $155,304,722.66. This trade represents a 0.88 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Victoria’s Secret & Co.

A number of institutional investors have recently bought and sold shares of VSCO. Vanguard Group Inc. raised its stake in shares of Victoria’s Secret & Co. by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company’s stock valued at $369,793,000 after buying an additional 58,981 shares during the last quarter. FMR LLC raised its position in Victoria’s Secret & Co. by 44.7% during the fourth quarter. FMR LLC now owns 3,988,122 shares of the company’s stock valued at $165,188,000 after acquiring an additional 1,231,090 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Victoria’s Secret & Co. by 7.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company’s stock valued at $85,168,000 after acquiring an additional 137,074 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in Victoria’s Secret & Co. by 8.4% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,035,460 shares of the company’s stock worth $84,309,000 after purchasing an additional 156,979 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Victoria’s Secret & Co. by 481.5% during the 4th quarter. Marshall Wace LLP now owns 1,956,760 shares of the company’s stock worth $81,049,000 after purchasing an additional 1,620,256 shares during the period. 90.29% of the stock is owned by hedge funds and other 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.