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

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) has been given an average rating of "Hold" by the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $30.09.

A number of research analysts have issued reports on VSCO shares. BMO Capital Markets dropped their target price on shares of Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Morgan Stanley decreased their target price on Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Wells Fargo & Company cut 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 report on Thursday, March 6th. 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. Finally, Telsey Advisory Group dropped their price objective on shares of Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating for the company in a research note on Thursday, March 6th.

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Insider Activity

In other news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 9,255,347 shares of the company's stock, valued at $155,304,722.66. This represents a 0.88 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought a total of 1,503,973 shares of company stock valued at $26,617,312 in the last quarter. Company insiders own 1.10% of the company's stock.

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

Several large investors have recently bought and sold shares of VSCO. GAMMA Investing LLC boosted its position in Victoria's Secret & Co. by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company's stock valued at $144,000 after acquiring an additional 326 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Victoria's Secret & Co. by 1.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company's stock valued at $1,079,000 after purchasing an additional 412 shares in the last quarter. Picton Mahoney Asset Management grew its stake in Victoria's Secret & Co. by 6.5% during the fourth quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company's stock worth $322,000 after purchasing an additional 477 shares during the period. Summit Investment Advisors Inc. increased its holdings in Victoria's Secret & Co. by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,211 shares of the company's stock worth $340,000 after purchasing an additional 522 shares in the last quarter. Finally, Mariner LLC lifted its stake in Victoria's Secret & Co. by 3.0% in the fourth quarter. Mariner LLC now owns 19,307 shares of the company's stock valued at $800,000 after buying an additional 569 shares during the period. 90.29% of the stock is currently owned by institutional investors.

Victoria's Secret & Co. Stock Performance

NYSE VSCO traded down $0.10 during trading hours on Thursday, hitting $16.19. The company had a trading volume of 460,031 shares, compared to its average volume of 2,909,545. The business has a 50 day moving average of $22.96 and a 200-day moving average of $31.40. The company has a market cap of $1.27 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. Victoria's Secret & Co. has a 1-year low of $13.76 and a 1-year 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.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its earnings results 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. 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 return on equity of 44.74% and a net margin of 2.47%. As a group, equities research analysts expect that Victoria's Secret & Co. will post 2.37 EPS for the current year.

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.