Victoria’s Secret & Co. (NYSE:VSCO) Price Target Raised to $33.00 at BMO Capital Markets

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective upped by BMO Capital Markets from $29.00 to $33.00 in a report issued on Thursday morning, MarketBeat.com reports. They currently have an outperform rating on the stock.

Several other analysts also recently commented on VSCO. Telsey Advisory Group reiterated a “market perform” rating and issued a $27.00 target price on shares of Victoria’s Secret & Co. in a report on Thursday. TD Cowen lifted their target price on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Wells Fargo & Company boosted their target price on Victoria’s Secret & Co. from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $23.00 to $25.00 in a research report on Wednesday, September 18th. Finally, Bank of America lifted their price target on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a report on Friday, August 30th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Victoria’s Secret & Co. currently has an average rating of “Hold” and a consensus price target of $24.00.

Victoria’s Secret & Co. Stock Performance

Shares of Victoria’s Secret & Co. stock opened at $27.48 on Thursday. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $30.80. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27. The business has a 50 day moving average price of $24.37 and a 200-day moving average price of $20.70. The company has a market cap of $2.16 billion, a PE ratio of 15.98 and a beta of 2.14.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. Equities analysts anticipate that Victoria’s Secret & Co. will post 1.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. raised its stake in shares of Victoria’s Secret & Co. by 741.4% in the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after buying an additional 1,505 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Victoria’s Secret & Co. during the 2nd quarter worth $50,000. Quarry LP increased its holdings in Victoria’s Secret & Co. by 126.6% in the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after acquiring an additional 1,764 shares during the last quarter. GAMMA Investing LLC raised its stake in Victoria’s Secret & Co. by 109.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after acquiring an additional 1,652 shares during the period. Finally, Headlands Technologies LLC raised its stake in Victoria’s Secret & Co. by 1,925.3% in the 2nd quarter. Headlands Technologies LLC now owns 8,790 shares of the company’s stock valued at $155,000 after acquiring an additional 8,356 shares during the period. 90.29% of the stock is owned by institutional investors.

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.