Victoria’s Secret & Co. (NYSE:VSCO) Issues Q4 Earnings Guidance

Victoria’s Secret & Co. (NYSE:VSCOGet Rating) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $2.00-$2.45 for the period, compared to the consensus EPS estimate of $2.31. Victoria’s Secret & Co. also updated its FY 2022 guidance to $4.50-$4.95 EPS.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. UBS Group raised their price target on Victoria’s Secret & Co. to $43.00 in a research note on Wednesday, November 16th. Barclays cut their target price on Victoria’s Secret & Co. from $60.00 to $50.00 and set an overweight rating on the stock in a research report on Friday, August 26th. JPMorgan Chase & Co. cut Victoria’s Secret & Co. from an overweight rating to a neutral rating and cut their target price for the stock from $51.00 to $43.00 in a research report on Thursday. Morgan Stanley cut their target price on Victoria’s Secret & Co. from $51.00 to $40.00 and set an equal weight rating on the stock in a research report on Friday, August 26th. Finally, BMO Capital Markets lifted their target price on Victoria’s Secret & Co. from $45.00 to $53.00 in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Victoria’s Secret & Co. currently has an average rating of Hold and a consensus price target of $48.36.

Victoria’s Secret & Co. Price Performance

Shares of NYSE:VSCO traded down $3.52 during trading on Thursday, hitting $42.48. 22,221 shares of the stock were exchanged, compared to its average volume of 939,203. The company has a current ratio of 1.07, a quick ratio of 0.32 and a debt-to-equity ratio of 3.63. Victoria’s Secret & Co. has a 12-month low of $26.14 and a 12-month high of $65.20. The company has a market cap of $3.45 billion, a PE ratio of 8.04, a P/E/G ratio of 1.16 and a beta of 1.91. The company has a fifty day moving average price of $38.14 and a two-hundred day moving average price of $36.51.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Victoria’s Secret & Co. by 13.8% in the 3rd quarter. BlackRock Inc. now owns 6,894,503 shares of the company’s stock valued at $200,768,000 after acquiring an additional 837,450 shares during the last quarter. UBS Group AG raised its holdings in Victoria’s Secret & Co. by 125.9% in the 1st quarter. UBS Group AG now owns 1,092,606 shares of the company’s stock valued at $56,116,000 after acquiring an additional 609,003 shares during the last quarter. First Trust Advisors LP acquired a new position in Victoria’s Secret & Co. in the 1st quarter valued at $13,616,000. Wellington Management Group LLP raised its holdings in Victoria’s Secret & Co. by 7.6% in the 1st quarter. Wellington Management Group LLP now owns 3,366,496 shares of the company’s stock valued at $172,904,000 after acquiring an additional 237,651 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Victoria’s Secret & Co. by 164.6% in the 1st quarter. Bank of America Corp DE now owns 369,150 shares of the company’s stock valued at $18,958,000 after acquiring an additional 229,637 shares during the last quarter. 96.39% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also

Earnings History and Estimates for Victoria's Secret & Co. (NYSE:VSCO)

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