Barclays Cuts Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $22.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price target cut by Barclays from $23.00 to $22.00 in a report issued on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts have also weighed in on the stock. The Goldman Sachs Group reissued a “sell” rating and issued a $15.00 target price on shares of Victoria’s Secret & Co. in a report on Wednesday. Wall Street Zen raised shares of Victoria’s Secret & Co. from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. Wells Fargo & Company reissued an “underweight” rating and issued a $15.00 target price (up from $12.00) on shares of Victoria’s Secret & Co. in a report on Wednesday, May 14th. Cowen reissued a “hold” rating on shares of Victoria’s Secret & Co. in a report on Friday, March 7th. Finally, UBS Group set a $24.00 target price on shares of Victoria’s Secret & Co. and gave the company a “neutral” rating in a report on Friday, May 23rd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Victoria’s Secret & Co. has a consensus rating of “Hold” and an average target price of $26.09.

Victoria’s Secret & Co. Stock Up 6.1%

NYSE VSCO opened at $22.15 on Thursday. The stock’s 50 day moving average is $19.54 and its 200 day moving average is $28.75. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. Victoria’s Secret & Co. has a 12 month low of $13.76 and a 12 month high of $48.73. The stock has a market cap of $1.74 billion, a PE ratio of 11.48, a P/E/G ratio of 1.15 and a beta of 2.26.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.10 billion. 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 80,328 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $16.78 per share, with a total value of $1,347,903.84. Following the transaction, the insider now directly owns 9,255,347 shares of the company’s stock, valued at $155,304,722.66. The trade was a 0.88% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders have purchased 1,503,973 shares of company stock worth $26,617,312. Company insiders own 0.45% of the company’s stock.

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

Several hedge funds have recently bought and sold shares of VSCO. Virtus Advisers LLC bought a new position in Victoria’s Secret & Co. in the 1st quarter valued at $30,000. NBC Securities Inc. grew its position in Victoria’s Secret & Co. by 141,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,822 shares of the company’s stock valued at $52,000 after acquiring an additional 2,820 shares during the last quarter. Allworth Financial LP grew its position in Victoria’s Secret & Co. by 677.4% in the 1st quarter. Allworth Financial LP now owns 3,063 shares of the company’s stock valued at $57,000 after acquiring an additional 2,669 shares during the last quarter. KBC Group NV grew its position in Victoria’s Secret & Co. by 40.8% in the 1st quarter. KBC Group NV now owns 3,904 shares of the company’s stock valued at $73,000 after acquiring an additional 1,132 shares during the last quarter. Finally, CoreCap Advisors LLC grew its position in Victoria’s Secret & Co. by 1,898.1% in the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock valued at $85,000 after acquiring an additional 1,955 shares during the last quarter. Institutional investors own 90.29% of the company’s stock.

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.