Victoria’s Secret & Co. (NYSE:VSCO) Releases Q4 2022 Earnings Guidance

Posted by Joseph Casey on Dec 1st, 2022

Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) updated its fourth quarter 2022 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.00-$2.45 for the period, compared to the consensus estimate of $2.32. The company issued revenue guidance of -. Victoria’s Secret & Co. also updated its FY 2022 guidance to $4.50-$4.95 EPS.

Analysts Set New Price Targets

VSCO has been the subject of a number of recent analyst reports. BMO Capital Markets lowered their price target on Victoria’s Secret & Co. from $50.00 to $45.00 in a research note on Thursday, August 25th. UBS Group upped their target price on shares of Victoria’s Secret & Co. to $43.00 in a research note on Wednesday, November 16th. Barclays reduced their price target on shares of 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. Morgan Stanley lowered their price objective on shares of Victoria’s Secret & Co. from $51.00 to $40.00 and set an equal weight rating for the company in a research report on Friday, August 26th. Finally, JPMorgan Chase & Co. downgraded Victoria’s Secret & Co. from an overweight rating to a neutral rating in a research note on Thursday. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $48.36.

Victoria’s Secret & Co. Stock Performance

VSCO opened at $46.00 on Thursday. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 8.73, a P/E/G ratio of 1.16 and a beta of 1.91. The business’s 50-day moving average price is $38.14 and its two-hundred day moving average price is $36.51. Victoria’s Secret & Co. has a 1 year low of $26.14 and a 1 year high of $65.20. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.07 and a quick ratio of 0.32.

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

Several institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC lifted its position in Victoria’s Secret & Co. by 44.8% during the 1st quarter. Hsbc Holdings PLC now owns 10,205 shares of the company’s stock worth $530,000 after buying an additional 3,155 shares in the last quarter. Centiva Capital LP bought a new stake in Victoria’s Secret & Co. during the second quarter worth about $522,000. Guggenheim Capital LLC boosted its position in Victoria’s Secret & Co. by 26.6% during the first quarter. Guggenheim Capital LLC now owns 9,821 shares of the company’s stock valued at $505,000 after purchasing an additional 2,066 shares during the last quarter. LPL Financial LLC bought a new position in Victoria’s Secret & Co. in the second quarter valued at approximately $467,000. Finally, Utah Retirement Systems increased its position in shares of Victoria’s Secret & Co. by 9.7% during the 2nd quarter. Utah Retirement Systems now owns 14,676 shares of the company’s stock worth $410,000 after purchasing an additional 1,300 shares during the last quarter. Institutional investors own 96.39% of the company’s stock.

About Victoria’s Secret & Co.

(Get Rating)

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.