Analysts Set Victoria’s Secret & Co. (NYSE:VSCO) Target Price at $31.73

Victoria’s Secret & Co. (NYSE:VSCO) has earned an average rating of “Hold” from the twelve brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $31.73.

A number of equities research analysts have commented on VSCO shares. UBS Group dropped their price objective on shares of Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Bank of America decreased their price target on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a report on Thursday, January 30th. BMO Capital Markets dropped their price objective 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. Wells Fargo & Company decreased their target price on 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. Finally, Barclays lowered their price target on Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, March 7th.

Victoria’s Secret & Co. Stock Down 3.1 %

Shares of NYSE VSCO opened at $17.05 on Thursday. The stock has a market cap of $1.34 billion, a P/E ratio of 8.83, a PEG ratio of 1.15 and a beta of 2.26. The business’s fifty day simple moving average is $23.32 and its 200-day simple moving average is $31.43. 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.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $2.10 billion. As a group, equities analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

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

In other news, major shareholder International Pte Ltd Bbrc purchased 212,500 shares of the business’s stock in a transaction dated Thursday, April 3rd. The stock was acquired at an average price of $16.15 per share, with a total value of $3,431,875.00. Following the purchase, the insider now directly owns 10,310,631 shares of the company’s stock, valued at $166,516,690.65. This represents a 2.10 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders purchased 1,503,973 shares of company stock valued at $26,617,312. Corporate insiders own 1.10% of the company’s stock.

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

A number of institutional investors and hedge funds have recently bought and sold shares of VSCO. NBC Securities Inc. increased its position in Victoria’s Secret & Co. by 141,000.0% during the first quarter. NBC Securities Inc. now owns 2,822 shares of the company’s stock worth $52,000 after buying an additional 2,820 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Victoria’s Secret & Co. by 1,209.6% during the first quarter. GAMMA Investing LLC now owns 45,651 shares of the company’s stock valued at $848,000 after acquiring an additional 42,165 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Victoria’s Secret & Co. during the 4th quarter worth about $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Victoria’s Secret & Co. by 33.3% in the 4th 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 purchasing an additional 38,820 shares during the last quarter. Finally, Tremblant Capital Group raised its stake in Victoria’s Secret & Co. by 137.1% in the 4th quarter. Tremblant Capital Group now owns 550,135 shares of the company’s stock valued at $22,787,000 after purchasing an additional 318,080 shares during the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

About Victoria’s Secret & Co.

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.