Analysts Set Victoria’s Secret & Co. (NYSE:VSCO) Price Target at $27.45

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have been given a consensus recommendation of “Hold” by the eleven research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $36.73.

A number of research analysts have recently issued reports on VSCO shares. Bank of America raised their price objective on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research note on Friday, August 30th. Telsey Advisory Group restated a “market perform” rating and set a $40.00 price target on shares of Victoria’s Secret & Co. in a research report on Friday, December 6th. Barclays upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $23.00 to $25.00 in a research report on Wednesday, September 18th. JPMorgan Chase & Co. upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $29.00 to $45.00 in a report on Monday. Finally, TD Cowen increased their price target on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Monday.

Institutional Trading of Victoria’s Secret & Co.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Virtus Fund Advisers LLC purchased a new position in Victoria’s Secret & Co. during the third quarter valued at $27,000. Blue Trust Inc. lifted its position in Victoria’s Secret & Co. by 741.4% during the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after acquiring an additional 1,505 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Victoria’s Secret & Co. during the second quarter worth about $50,000. Quarry LP grew its holdings in Victoria’s Secret & Co. by 126.6% in the second quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after purchasing an additional 1,764 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Victoria’s Secret & Co. by 109.5% during the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after purchasing an additional 1,652 shares in the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Price Performance

Shares of NYSE:VSCO opened at $46.63 on Friday. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $48.70. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 24.16 and a beta of 2.19. The company’s fifty day moving average price is $33.17 and its 200-day moving average price is $25.12.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.12. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.59% and a net margin of 2.47%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.86) earnings per share. On average, equities research analysts anticipate that Victoria’s Secret & Co. will post 2.01 earnings per share for the current fiscal year.

About Victoria’s Secret & Co.

Victoria's Secret & Co operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands.