Victoria’s Secret & Co. (NYSE:VSCO) Trading Up 5.6% – Time to Buy?

Victoria’s Secret & Co. (NYSE:VSCO) shot up 5.6% on Monday . The stock traded as high as $43.52 and last traded at $43.6620. 1,515,638 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 3,155,522 shares. The stock had previously closed at $41.33.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VSCO. The Goldman Sachs Group upgraded Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $18.00 to $32.00 in a research report on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Victoria’s Secret & Co. in a research note on Thursday, October 30th. Morgan Stanley reissued a “reduce” rating on shares of Victoria’s Secret & Co. in a research report on Friday, September 12th. Wells Fargo & Company upped their price objective on shares of Victoria’s Secret & Co. from $14.00 to $17.00 and gave the stock an “underweight” rating in a report on Friday, August 29th. Finally, UBS Group reaffirmed a “buy” rating on shares of Victoria’s Secret & Co. in a research report on Monday, November 24th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $33.18.

Victoria’s Secret & Co. Stock Performance

The company has a quick ratio of 0.36, a current ratio of 1.14 and a debt-to-equity ratio of 1.48. The firm has a market cap of $3.41 billion, a P/E ratio of 23.60 and a beta of 2.24. The business has a fifty day simple moving average of $33.24 and a 200-day simple moving average of $25.70.

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

Several hedge funds have recently bought and sold shares of VSCO. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Victoria’s Secret & Co. in the 2nd quarter valued at approximately $200,000. Cramer Rosenthal Mcglynn LLC lifted its holdings in shares of Victoria’s Secret & Co. by 163.0% during the first quarter. Cramer Rosenthal Mcglynn LLC now owns 1,406,865 shares of the company’s stock valued at $26,140,000 after purchasing an additional 871,968 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its position in shares of Victoria’s Secret & Co. by 219.3% during the second quarter. Vestmark Advisory Solutions Inc. now owns 55,542 shares of the company’s stock valued at $1,029,000 after buying an additional 38,149 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Victoria’s Secret & Co. by 0.4% during the first quarter. Vanguard Group Inc. now owns 8,966,584 shares of the company’s stock valued at $166,599,000 after buying an additional 38,695 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Victoria’s Secret & Co. by 13.6% in the 1st quarter. Invesco Ltd. now owns 715,836 shares of the company’s stock worth $13,300,000 after buying an additional 85,874 shares in the last quarter. 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.