Victoria’s Secret & Co. (NYSE:VSCO) Hits New 1-Year High – Should You Buy?

Shares of Victoria’s Secret & Co. (NYSE:VSCO) reached a new 52-week high on Monday . The stock traded as high as $39.72 and last traded at $39.33, with a volume of 49699 shares. The stock had previously closed at $38.84.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VSCO. Wells Fargo & Company lifted their price target on Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Bank of America lifted their price target 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. BMO Capital Markets lifted their target price on Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Telsey Advisory Group lifted their target price on Victoria’s Secret & Co. from $27.00 to $40.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. Finally, The Goldman Sachs Group lifted their target price on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research report on Friday, August 30th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.60.

Victoria’s Secret & Co. Trading Up 3.5 %

The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 22.58 and a beta of 2.10. The business has a 50-day simple moving average of $30.55 and a two-hundred day simple moving average of $23.95. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31.

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

A number of institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Victoria’s Secret & Co. by 1.0% during the third quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock worth $1,079,000 after acquiring an additional 412 shares during the period. SummerHaven Investment Management LLC boosted its stake in shares of Victoria’s Secret & Co. by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company’s stock valued at $663,000 after buying an additional 715 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Victoria’s Secret & Co. by 13.6% in the third quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock valued at $179,000 after buying an additional 835 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Victoria’s Secret & Co. by 2.6% in the second quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock valued at $696,000 after buying an additional 1,000 shares during the period. Finally, Virtus Fund Advisers LLC bought a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at approximately $27,000. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

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.