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

Victoria’s Secret & Co. (NYSE:VSCO) has been given an average rating of “Hold” by the twelve research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $31.73.

A number of equities analysts recently commented on VSCO shares. UBS Group decreased their price objective on shares of Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. Cowen reaffirmed a “hold” rating on shares of Victoria’s Secret & Co. in a research note on Friday, March 7th. The Goldman Sachs Group decreased their price objective on shares of Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating for the company in a research note on Monday, March 10th. BMO Capital Markets decreased 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 note on Thursday, March 6th. Finally, Wells Fargo & Company decreased their price objective 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 note on Thursday, March 6th.

Victoria’s Secret & Co. Trading Down 3.4 %

Victoria’s Secret & Co. stock opened at $21.01 on Friday. 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 firm has a market cap of $1.65 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16. Victoria’s Secret & Co. has a 1 year low of $15.12 and a 1 year high of $48.73. The firm’s 50 day moving average price is $29.57 and its two-hundred day moving average price is $32.17.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.30. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. On average, research analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Insider Activity at Victoria’s Secret & Co.

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc acquired 542,000 shares of Victoria’s Secret & Co. stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $17.32 per share, with a total value of $9,387,440.00. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Victoria’s Secret & Co. by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company’s stock valued at $369,793,000 after purchasing an additional 58,981 shares during the last quarter. FMR LLC raised its holdings in Victoria’s Secret & Co. by 44.7% in the 4th quarter. FMR LLC now owns 3,988,122 shares of the company’s stock worth $165,188,000 after acquiring an additional 1,231,090 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Victoria’s Secret & Co. by 7.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company’s stock worth $85,168,000 after acquiring an additional 137,074 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in Victoria’s Secret & Co. by 8.4% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,035,460 shares of the company’s stock worth $84,309,000 after acquiring an additional 156,979 shares during the period. Finally, Marshall Wace LLP raised its holdings in Victoria’s Secret & Co. by 481.5% in the 4th 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. Institutional investors and hedge funds own 90.29% of the company’s stock.

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.