Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) saw strong trading volume on Thursday . 2,597,045 shares were traded during trading, a decline of 7% from the previous session's volume of 2,784,573 shares.The stock last traded at $15.41 and had previously closed at $19.22.
Analysts Set New Price Targets
A number of equities research analysts recently commented on VSCO shares. 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. Morgan Stanley lowered their target price on Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, March 7th. UBS Group reduced their price target 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. BMO Capital Markets lowered their price objective on shares of Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Victoria's Secret & Co. from $43.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Victoria's Secret & Co. has a consensus rating of "Hold" and an average price target of $31.73.
Check Out Our Latest Research Report on VSCO
Victoria's Secret & Co. Stock Performance
The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The firm has a 50 day moving average price of $25.48 and a 200 day moving average price of $31.85. The stock has a market cap of $1.29 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26.
Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its 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 business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. As a group, research analysts forecast that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.
Insiders Place Their Bets
In other news, major shareholder International Pte Ltd Bbrc bought 212,500 shares of Victoria's Secret & Co. stock in a transaction on Thursday, April 3rd. The stock was acquired at an average cost of $16.15 per share, for a total transaction of $3,431,875.00. Following the completion of the acquisition, the insider now owns 10,310,631 shares of the company's stock, valued at $166,516,690.65. This trade represents a 2.10 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders purchased a total of 1,503,973 shares of company stock worth $26,617,312 over the last 90 days. Company insiders own 1.10% of the company's stock.
Institutional Investors Weigh In On Victoria's Secret & Co.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its position 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 worth $848,000 after purchasing an additional 42,165 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Victoria's Secret & Co. during the fourth quarter worth about $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Victoria's Secret & Co. by 33.3% during the fourth 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 acquiring an additional 38,820 shares in the last quarter. Tremblant Capital Group raised its position in shares of 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. Finally, State of Wyoming boosted its stake in Victoria's Secret & Co. by 173.2% in the 4th quarter. State of Wyoming now owns 6,245 shares of the company's stock worth $259,000 after purchasing an additional 3,959 shares in the last quarter. Hedge funds and other institutional investors own 90.29% of the company's stock.
About Victoria's Secret & Co.
(
Get Free Report)
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.
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