Analysts Set Victoria's Secret & Co. (NYSE:VSCO) PT at $31.73

Shares of Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) have been given a consensus rating of "Hold" by the twelve brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $31.73.

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Victoria's Secret & Co. from $43.00 to $35.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Wells Fargo & Company decreased their price target on shares of Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 6th. Bank of America cut their price objective on 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 decreased their target price on Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Finally, UBS Group cut their price target on Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating for the company in a report on Thursday, February 27th.

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Insider Activity

In related news, major shareholder International Pte Ltd Bbrc purchased 542,000 shares of the business's stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of $17.32 per share, for a total transaction of $9,387,440.00. Following the completion of the acquisition, the insider now owns 8,695,019 shares in the company, valued at approximately $150,597,729.08. This trade represents a 6.65 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.10% of the company's stock.

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

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Victoria's Secret & Co. by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company's stock worth $369,793,000 after purchasing an additional 58,981 shares in the last quarter. FMR LLC grew its position in shares of Victoria's Secret & Co. by 44.7% during the 4th quarter. FMR LLC now owns 3,988,122 shares of the company's stock worth $165,188,000 after buying an additional 1,231,090 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Victoria's Secret & Co. by 7.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company's stock worth $85,168,000 after buying an additional 137,074 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of Victoria's Secret & Co. by 8.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,035,460 shares of the company's stock valued at $84,309,000 after buying an additional 156,979 shares during the period. Finally, Marshall Wace LLP lifted its stake in 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 worth $81,049,000 after acquiring an additional 1,620,256 shares during the period. 90.29% of the stock is owned by hedge funds and other institutional investors.

Victoria's Secret & Co. Price Performance

Shares of VSCO traded up $1.16 during trading hours on Friday, reaching $21.55. 3,619,943 shares of the stock traded hands, compared to its average volume of 3,261,485. The company has a market cap of $1.69 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The company's 50-day moving average price is $30.58 and its two-hundred day moving average price is $32.27. Victoria's Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 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 for the quarter, compared to the consensus estimate of $2.10 billion. On average, analysts anticipate that Victoria's Secret & Co. will post 2.37 earnings per share 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.