Victoria’s Secret & Co. (NYSE:VSCO) Stock Price Expected to Rise, UBS Group Analyst Says

Victoria’s Secret & Co. (NYSE:VSCO) had its target price hoisted by analysts at UBS Group from $18.00 to $24.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential upside of 7.77% from the company’s previous close.

Other analysts also recently issued research reports about the company. Bank of America lowered their target price on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a research report on Thursday, January 30th. Cowen reaffirmed a “hold” rating on shares of Victoria’s Secret & Co. in a research report on Friday, March 7th. BMO Capital Markets lowered their target price on Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Jefferies Financial Group lowered their target price on Victoria’s Secret & Co. from $42.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group lowered their target price on Victoria’s Secret & Co. from $19.00 to $15.00 and set a “sell” rating on the stock in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Victoria’s Secret & Co. presently has an average rating of “Hold” and an average target price of $26.18.

Victoria’s Secret & Co. Stock Performance

VSCO opened at $22.27 on Friday. The business’s 50-day moving average price is $19.31 and its two-hundred day moving average price is $29.77. Victoria’s Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 1.15 and a beta of 2.25. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.30. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Equities analysts expect that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Insider Buying and Selling

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc purchased 212,500 shares of Victoria’s Secret & Co. stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired at an average price of $16.15 per share, for a total transaction of $3,431,875.00. Following the completion of the acquisition, the insider now owns 10,310,631 shares of the company’s stock, valued at approximately $166,516,690.65. This trade represents a 2.10% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders acquired 1,503,973 shares of company stock worth $26,617,312. Company insiders own 1.10% of the company’s stock.

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

A number of institutional investors have recently made changes to their positions in VSCO. Ballentine Partners LLC bought a new stake in shares of Victoria’s Secret & Co. during the fourth quarter worth approximately $236,000. Crossmark Global Holdings Inc. bought a new stake in shares of Victoria’s Secret & Co. during the fourth quarter worth approximately $206,000. Nisa Investment Advisors LLC boosted its holdings in shares of Victoria’s Secret & Co. by 23.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 17,283 shares of the company’s stock worth $716,000 after acquiring an additional 3,277 shares during the period. Oliver Luxxe Assets LLC bought a new stake in shares of Victoria’s Secret & Co. during the fourth quarter worth approximately $1,963,000. Finally, TriaGen Wealth Management LLC bought a new stake in shares of Victoria’s Secret & Co. during the fourth quarter worth approximately $713,000. Institutional investors own 90.29% of the company’s stock.

About Victoria’s Secret & Co.

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.