Wall Street Zen Upgrades Victoria’s Secret & Co. (NYSE:VSCO) to Buy

Wall Street Zen upgraded shares of Victoria’s Secret & Co. (NYSE:VSCO) from a hold rating to a buy rating in a report released on Saturday morning.

A number of other research firms also recently weighed in on VSCO. Cowen reaffirmed a “hold” rating on shares of Victoria’s Secret & Co. in a research note on Friday, March 7th. Barclays dropped their target price on Victoria’s Secret & Co. from $38.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, May 12th. Morgan Stanley reduced their price target on Victoria’s Secret & Co. from $23.00 to $19.00 and set an “equal weight” rating for the company in a report on Tuesday, May 6th. UBS Group boosted their price target on Victoria’s Secret & Co. from $18.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Jefferies Financial Group cut their price objective on shares of Victoria’s Secret & Co. from $42.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Victoria’s Secret & Co. has an average rating of “Hold” and a consensus target price of $26.18.

Victoria’s Secret & Co. Price Performance

Shares of VSCO opened at $22.27 on Friday. The business’s 50-day moving average is $19.31 and its 200-day moving average is $29.77. 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 $1.75 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 1.15 and a beta of 2.25. Victoria’s Secret & Co. has a fifty-two week low of $13.76 and a fifty-two week high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Equities research analysts expect that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder International Pte Ltd Bbrc bought 212,500 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average cost of $16.15 per share, for a total transaction of $3,431,875.00. Following the purchase, the insider now 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 Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders purchased 1,503,973 shares of company stock worth $26,617,312. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC boosted its holdings in Victoria’s Secret & Co. by 642.8% during the first quarter. Intech Investment Management LLC now owns 175,722 shares of the company’s stock valued at $3,265,000 after acquiring an additional 152,065 shares during the period. Bayforest Capital Ltd bought a new stake in Victoria’s Secret & Co. during the 1st quarter valued at approximately $813,000. Jones Financial Companies Lllp boosted its stake in Victoria’s Secret & Co. by 606,904.8% during the 1st quarter. Jones Financial Companies Lllp now owns 382,413 shares of the company’s stock valued at $7,105,000 after purchasing an additional 382,350 shares during the period. Scientech Research LLC grew its holdings in Victoria’s Secret & Co. by 188.0% in the 1st quarter. Scientech Research LLC now owns 36,671 shares of the company’s stock valued at $681,000 after buying an additional 23,940 shares during the last quarter. Finally, NFJ Investment Group LLC bought a new position in Victoria’s Secret & Co. in the 1st quarter worth approximately $778,000. Institutional investors own 90.29% of the company’s stock.

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.