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

Victoria’s Secret & Co. (NYSE:VSCOGet Rating) has been given an average rating of “Buy” by the twelve brokerages that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $75.27.

A number of research firms recently weighed in on VSCO. Evercore ISI reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Victoria’s Secret & Co. in a research note on Friday, March 4th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $69.00 price objective (down from $76.00) on shares of Victoria’s Secret & Co. in a research note on Monday, December 27th. BMO Capital Markets lowered their price objective on shares of Victoria’s Secret & Co. from $80.00 to $72.00 in a research note on Thursday, March 3rd. Wells Fargo & Company decreased their price target on shares of Victoria’s Secret & Co. from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, April 5th. Finally, Zacks Investment Research raised shares of Victoria’s Secret & Co. from a “sell” rating to a “hold” rating in a research report on Tuesday, March 8th.

In related news, Director Anne Sheehan sold 5,060 shares of the stock in a transaction that occurred on Thursday, March 17th. The shares were sold at an average price of $51.61, for a total value of $261,146.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Martin P. Waters sold 75,303 shares of the stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $46.42, for a total transaction of $3,495,565.26. The disclosure for this sale can be found here. Insiders sold a total of 83,020 shares of company stock valued at $3,891,262 over the last ninety days.

Large investors have recently modified their holdings of the stock. First Quadrant L P CA acquired a new position in Victoria’s Secret & Co. in the 3rd quarter worth approximately $29,000. Nkcfo LLC acquired a new position in Victoria’s Secret & Co. in the 3rd quarter worth approximately $29,000. AlphaCentric Advisors LLC acquired a new position in Victoria’s Secret & Co. in the 4th quarter worth approximately $35,000. Bessemer Group Inc. increased its holdings in Victoria’s Secret & Co. by 10,416.7% in the 4th quarter. Bessemer Group Inc. now owns 631 shares of the company’s stock worth $35,000 after buying an additional 625 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in Victoria’s Secret & Co. in the 3rd quarter worth approximately $44,000. Institutional investors own 93.37% of the company’s stock.

NYSE:VSCO traded up $2.29 during mid-day trading on Wednesday, reaching $49.53. The company’s stock had a trading volume of 849,018 shares, compared to its average volume of 1,455,702. Victoria’s Secret & Co. has a 1 year low of $40.90 and a 1 year high of $76.00. The stock has a fifty day moving average of $52.97 and a 200-day moving average of $53.08. The company has a quick ratio of 0.44, a current ratio of 1.00 and a debt-to-equity ratio of 3.81.

Victoria’s Secret & Co. (NYSE:VSCOGet Rating) last released its quarterly earnings data on Wednesday, March 2nd. The company reported $2.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.64 by $0.06. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the company earned $3.20 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. As a group, research analysts anticipate that Victoria’s Secret & Co. will post 6.92 EPS for the current fiscal year.

Victoria’s Secret & Co. Company Profile (Get Rating)

Victoria's Secret & Co operates as a specialty retailer of women's intimate, personal care, and beauty products worldwide. The company offers bras, panties, lingerie, sleepwear, loungewear, and athletic attire and swimwear, as well as fragrances and body care products, and accessories under the Victoria's Secret and PINK brands.

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Analyst Recommendations for Victoria's Secret & Co. (NYSE:VSCO)

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