Victoria’s Secret & Co. (NYSE:VSCO) Given Consensus Rating of “Buy” by Brokerages

Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) has received a consensus rating of “Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $72.64.

VSCO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on Victoria’s Secret & Co. from $86.00 to $71.00 in a research note on Monday, May 16th. Evercore ISI reissued a “buy” rating and set a $100.00 price target on shares of Victoria’s Secret & Co. in a research note on Friday, March 4th. Barclays reduced their price target on Victoria’s Secret & Co. from $76.00 to $61.00 in a research note on Friday, April 1st. Wells Fargo & Company cut their target price on Victoria’s Secret & Co. from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 5th. Finally, Zacks Investment Research raised Victoria’s Secret & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th.

Shares of NYSE:VSCO opened at $41.45 on Thursday. The business’s fifty day moving average price is $48.87 and its two-hundred day moving average price is $52.03. The company has a current ratio of 1.00, a quick ratio of 0.44 and a debt-to-equity ratio of 3.81. Victoria’s Secret & Co. has a one year low of $38.48 and a one year high of $76.00.

Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) last announced its earnings results on Wednesday, March 2nd. The company reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.06. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.14 billion. Victoria’s Secret & Co.’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.20 EPS. As a group, sell-side analysts expect that Victoria’s Secret & Co. will post 6.91 earnings per share for the current fiscal year.

In other Victoria’s Secret & Co. news, CEO Martin P. Waters sold 75,303 shares of the firm’s stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $46.42, for a total value of $3,495,565.26. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Anne Sheehan sold 5,060 shares of the firm’s stock in a transaction dated Thursday, March 17th. The shares were sold at an average price of $51.61, for a total value of $261,146.60. The disclosure for this sale can be found here. Insiders sold 83,020 shares of company stock worth $3,891,262 over the last three months. 0.95% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. AlphaCentric Advisors LLC acquired a new stake in shares of Victoria’s Secret & Co. during the fourth quarter valued at about $35,000. Bessemer Group Inc. grew its stake in shares of Victoria’s Secret & Co. by 10,416.7% during the fourth quarter. Bessemer Group Inc. now owns 631 shares of the company’s stock valued at $35,000 after acquiring an additional 625 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Victoria’s Secret & Co. by 774.0% during the first quarter. Parkside Financial Bank & Trust now owns 638 shares of the company’s stock valued at $33,000 after acquiring an additional 565 shares in the last quarter. UMB Bank N A MO acquired a new stake in shares of Victoria’s Secret & Co. during the fourth quarter valued at about $45,000. Finally, NEXT Financial Group Inc grew its stake in shares of Victoria’s Secret & Co. by 606.2% during the fourth quarter. NEXT Financial Group Inc now owns 918 shares of the company’s stock valued at $51,000 after acquiring an additional 788 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

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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