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

Victoria’s Secret & Co. (NYSE:VSCO) has been given a consensus rating of “Hold” by the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $24.64.

A number of equities analysts recently issued reports on the stock. Morgan Stanley reissued a “positive” rating on shares of Victoria’s Secret & Co. in a report on Thursday, June 12th. Wells Fargo & Company restated an “underweight” rating and set a $15.00 target price (up previously from $12.00) on shares of Victoria’s Secret & Co. in a research note on Wednesday, May 14th. The Goldman Sachs Group restated a “sell” rating and set a $15.00 target price on shares of Victoria’s Secret & Co. in a research note on Wednesday, June 4th. Wall Street Zen cut shares of Victoria’s Secret & Co. from a “buy” rating to a “hold” rating in a research note on Friday, June 6th. Finally, Jefferies Financial Group decreased their target price on shares of Victoria’s Secret & Co. from $42.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, May 21st.

Insider Activity

In related news, major shareholder International Pte Ltd Bbrc acquired 584,000 shares of Victoria’s Secret & Co. stock in a transaction dated Friday, March 28th. The shares were purchased at an average price of $18.48 per share, for a total transaction of $10,792,320.00. Following the completion of the transaction, the insider now directly owns 10,098,131 shares in the company, valued at approximately $186,613,460.88. This represents a 6.14% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased a total of 881,645 shares of company stock worth $15,881,968 over the last quarter. Insiders own 0.45% of the company’s stock.

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

Several institutional investors and hedge funds have recently modified their holdings of VSCO. Virtus Advisers LLC bought a new stake in Victoria’s Secret & Co. in the first quarter worth $30,000. CoreCap Advisors LLC increased its position in Victoria’s Secret & Co. by 1,898.1% in the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock worth $85,000 after purchasing an additional 1,955 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Victoria’s Secret & Co. by 326.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock worth $92,000 after purchasing an additional 1,682 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Victoria’s Secret & Co. by 47.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock worth $104,000 after purchasing an additional 800 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Victoria’s Secret & Co. in the fourth quarter worth $112,000. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

VSCO opened at $18.62 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 0.33 and a debt-to-equity ratio of 1.60. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 1.03 and a beta of 2.26. The company’s 50 day moving average is $20.00 and its 200 day moving average is $27.10. Victoria’s Secret & Co. has a 12-month low of $13.76 and a 12-month high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Wednesday, June 11th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Victoria’s Secret & Co. had a net margin of 2.69% and a return on equity of 37.76%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 earnings per share. On average, equities research analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

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.