Victoria’s Secret & Co. (NYSE:VSCO) Given New $45.00 Price Target at Barclays

Victoria’s Secret & Co. (NYSE:VSCOGet Rating) had its target price decreased by stock analysts at Barclays from $51.00 to $45.00 in a research note issued to investors on Friday, The Fly reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 17.22% from the company’s current price.

VSCO has been the topic of several other reports. Morgan Stanley raised their price objective on Victoria’s Secret & Co. from $40.00 to $43.00 and gave the company an “equal weight” rating in a report on Friday, December 2nd. Evercore ISI lifted their price target on Victoria’s Secret & Co. to $60.00 in a research note on Friday, December 2nd. Telsey Advisory Group lifted their price target on Victoria’s Secret & Co. from $35.00 to $52.00 and gave the stock a “market perform” rating in a research note on Thursday, December 1st. Cowen lifted their price target on Victoria’s Secret & Co. from $35.00 to $45.00 in a research note on Friday, December 2nd. Finally, JPMorgan Chase & Co. lowered Victoria’s Secret & Co. from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $51.00 to $43.00 in a research note on Thursday, December 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Victoria’s Secret & Co. has a consensus rating of “Hold” and an average price target of $50.18.

Victoria’s Secret & Co. Stock Up 0.3 %

Shares of VSCO opened at $38.39 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.35 and a debt-to-equity ratio of 4.94. Victoria’s Secret & Co. has a 12 month low of $26.14 and a 12 month high of $65.20. The stock’s 50 day moving average is $40.84 and its two-hundred day moving average is $36.45. The firm has a market cap of $3.10 billion, a P/E ratio of 8.08, a PEG ratio of 0.98 and a beta of 2.13.

Victoria’s Secret & Co. (NYSE:VSCOGet Rating) last issued its quarterly earnings data on Wednesday, November 30th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.23 by $0.06. Victoria’s Secret & Co. had a return on equity of 178.60% and a net margin of 6.48%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. Analysts predict that Victoria’s Secret & Co. will post 4.72 earnings per share for the current fiscal year.

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

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 109,968 shares of Victoria’s Secret & Co. stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $46.08, for a total value of $5,067,325.44. Following the sale, the insider now owns 8,118,804 shares in the company, valued at $374,114,488.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.95% of the company’s stock.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. raised its holdings in shares of Victoria’s Secret & Co. by 178.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 859 shares of the company’s stock valued at $25,000 after buying an additional 551 shares during the period. Venture Visionary Partners LLC purchased a new stake in shares of Victoria’s Secret & Co. in the 2nd quarter valued at $30,000. Parkside Financial Bank & Trust raised its holdings in shares of Victoria’s Secret & Co. by 774.0% in the 1st quarter. Parkside Financial Bank & Trust now owns 638 shares of the company’s stock valued at $33,000 after buying an additional 565 shares during the period. Captrust Financial Advisors raised its holdings in shares of Victoria’s Secret & Co. by 26.7% in the 2nd quarter. Captrust Financial Advisors now owns 1,561 shares of the company’s stock valued at $44,000 after buying an additional 329 shares during the period. Finally, Islay Capital Management LLC purchased a new stake in shares of Victoria’s Secret & Co. in the 2nd quarter valued at $62,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Victoria’s Secret & Co. Company Profile

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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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