Victoria’s Secret & Co. (NYSE:VSCO) Receives Consensus Rating of “Hold” from Brokerages

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have been given an average rating of “Hold” by the twelve ratings firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $28.18.

A number of research firms recently issued reports on VSCO. UBS Group decreased their price objective on Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Bank of America cut their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research report on Thursday, January 30th. Barclays lowered their target price on shares of Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Cowen restated a “hold” rating on shares of Victoria’s Secret & Co. in a research report on Friday, March 7th. Finally, Morgan Stanley dropped their price objective on Victoria’s Secret & Co. from $23.00 to $19.00 and set an “equal weight” rating for the company in a research note on Tuesday.

Victoria’s Secret & Co. Trading Down 2.4 %

Shares of Victoria’s Secret & Co. stock opened at $19.26 on Monday. The stock has a market capitalization of $1.51 billion, a P/E ratio of 9.98, a P/E/G ratio of 1.15 and a beta of 2.25. Victoria’s Secret & Co. has a 52-week low of $13.76 and a 52-week high of $48.73. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The stock’s 50-day simple moving average is $18.52 and its 200 day simple moving average is $30.29.

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

Insider Transactions at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $16.78 per share, for a total transaction of $1,347,903.84. Following the acquisition, the insider now directly owns 9,255,347 shares of the company’s stock, valued at $155,304,722.66. The trade was a 0.88 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders acquired 1,503,973 shares of company stock worth $26,617,312. 1.10% of the stock is currently owned by insiders.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VSCO. Marshall Wace LLP increased its position in shares of Victoria’s Secret & Co. by 481.5% in the fourth quarter. Marshall Wace LLP now owns 1,956,760 shares of the company’s stock valued at $81,049,000 after acquiring an additional 1,620,256 shares during the period. FMR LLC increased its holdings in Victoria’s Secret & Co. by 44.7% during the 4th quarter. FMR LLC now owns 3,988,122 shares of the company’s stock valued at $165,188,000 after purchasing an additional 1,231,090 shares during the period. Point72 Hong Kong Ltd bought a new position in Victoria’s Secret & Co. during the 4th quarter valued at approximately $37,693,000. SRS Investment Management LLC purchased a new stake in Victoria’s Secret & Co. in the fourth quarter worth $37,011,000. Finally, Point72 Asset Management L.P. bought a new stake in Victoria’s Secret & Co. in the fourth quarter valued at $24,940,000. 90.29% of the stock is currently owned by institutional investors.

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.