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 ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $31.73.

A number of equities analysts recently weighed in on VSCO shares. Morgan Stanley cut their price target on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. Telsey Advisory Group cut their price target on shares of Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a report on Thursday, March 6th. Bank of America cut their price target on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a report on Thursday, January 30th. TD Cowen boosted their price objective on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. lowered their price objective on 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.

Insider Activity

In related news, major shareholder International Pte Ltd Bbrc purchased 80,328 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $16.78 per share, for a total transaction of $1,347,903.84. Following the completion of the transaction, the insider now directly owns 9,255,347 shares in the company, valued at approximately $155,304,722.66. This represents a 0.88 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtus Fund Advisers LLC bought a new stake in shares of Victoria’s Secret & Co. during the third quarter valued at about $27,000. CoreCap Advisors LLC increased its position in shares of Victoria’s Secret & Co. by 1,898.1% during the fourth 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 period. Smartleaf Asset Management LLC grew its holdings in shares of 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 worth $92,000 after purchasing an additional 1,682 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Victoria’s Secret & Co. by 47.1% during 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 in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Victoria’s Secret & Co. during the fourth quarter worth about $112,000. 90.29% of the stock is currently owned by institutional investors.

Victoria’s Secret & Co. Price Performance

VSCO opened at $20.39 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 company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 10.56, a P/E/G ratio of 1.15 and a beta of 2.16. The firm’s fifty day moving average price is $30.58 and its two-hundred day moving average price is $32.27. 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 quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.30. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. As a group, analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal 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.