Victoria’s Secret & Co. (NYSE:VSCO) Given a $24.00 Price Target by UBS Group Analysts

Victoria’s Secret & Co. (NYSE:VSCO) has been given a $24.00 price objective by analysts at UBS Group in a research note issued on Friday, MarketBeat.com reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential upside of 7.77% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Barclays dropped their price objective on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, May 12th. Wells Fargo & Company reissued an “underweight” rating and set a $15.00 price objective (up from $12.00) on shares of Victoria’s Secret & Co. in a report on Wednesday, May 14th. Morgan Stanley dropped their price objective on shares of Victoria’s Secret & Co. from $23.00 to $19.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 6th. Cowen reissued a “hold” rating on shares of Victoria’s Secret & Co. in a report on Friday, March 7th. Finally, Telsey Advisory Group dropped their price objective on shares of Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a report on Thursday, March 6th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.18.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO stock opened at $22.27 on Friday. The business’s fifty day simple moving average is $19.31 and its 200-day simple moving average is $29.73. The company has a market cap of $1.75 billion, a PE ratio of 11.54, a PEG ratio of 1.15 and a beta of 2.25. 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.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of the stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $16.78 per share, with a total value of $1,347,903.84. Following the purchase, the insider now directly owns 9,255,347 shares in the company, valued at $155,304,722.66. The trade was a 0.88% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have acquired 1,503,973 shares of company stock valued at $26,617,312. 1.10% of the stock is owned by insiders.

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

Several hedge funds have recently modified their holdings of VSCO. Marshall Wace LLP boosted its stake in shares of Victoria’s Secret & Co. by 481.5% during 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 in the last quarter. Millennium Management LLC boosted its stake in shares of Victoria’s Secret & Co. by 9,595.8% during the 1st quarter. Millennium Management LLC now owns 1,419,080 shares of the company’s stock worth $26,367,000 after acquiring an additional 1,404,444 shares in the last quarter. FMR LLC boosted its stake in shares of Victoria’s Secret & Co. by 44.7% during 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 in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Victoria’s Secret & Co. during the 4th quarter worth about $37,693,000. Finally, SRS Investment Management LLC purchased a new stake in shares of Victoria’s Secret & Co. during the 4th quarter worth about $37,011,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

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.