Victoria’s Secret & Co. (NYSE:VSCO) Reaches New 12-Month High – Should You Buy?

Victoria’s Secret & Co. (NYSE:VSCO)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $37.64 and last traded at $36.69, with a volume of 163843 shares trading hands. The stock had previously closed at $36.68.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on VSCO shares. Barclays upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $23.00 to $25.00 in a research note on Wednesday, September 18th. 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 research note on Friday, August 30th. Wells Fargo & Company boosted their price target on Victoria’s Secret & Co. from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Morgan Stanley raised their price objective on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Finally, The Goldman Sachs Group upped their target price on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, August 30th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.30.

Victoria’s Secret & Co. Stock Performance

The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 21.33 and a beta of 2.10. The firm’s 50-day moving average price is $27.87 and its two-hundred day moving average price is $22.71.

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

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

Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC boosted its holdings in Victoria’s Secret & Co. by 146.1% during the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock valued at $70,856,000 after acquiring an additional 1,636,602 shares during the period. AQR Capital Management LLC boosted its stake in shares of Victoria’s Secret & Co. by 102.0% in the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock valued at $47,864,000 after purchasing an additional 1,368,103 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Victoria’s Secret & Co. by 16.1% in the second quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock valued at $32,834,000 after purchasing an additional 258,059 shares in the last quarter. Geode Capital Management LLC increased its stake in Victoria’s Secret & Co. by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock worth $46,121,000 after buying an additional 24,967 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Victoria’s Secret & Co. by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company’s stock worth $41,338,000 after buying an additional 76,858 shares in the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

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.