BMO Capital Markets Forecasts Strong Price Appreciation for Victoria’s Secret & Co. (NYSE:VSCO) Stock

Victoria’s Secret & Co. (NYSE:VSCO) had its target price increased by analysts at BMO Capital Markets from $33.00 to $46.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential downside of 0.11% from the company’s current price.

VSCO has been the topic of several other research reports. Morgan Stanley upped their target price on Victoria’s Secret & Co. from $23.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday. Jefferies Financial Group upped their price target on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. UBS Group lifted their price objective on shares of Victoria’s Secret & Co. from $13.00 to $18.00 and gave the stock a “sell” rating in a research note on Thursday. The Goldman Sachs Group increased 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 research report on Friday, August 30th. Finally, Wells Fargo & Company boosted 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. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $28.64.

Victoria’s Secret & Co. Stock Up 7.0 %

VSCO stock traded up $3.03 during mid-day trading on Friday, reaching $46.05. The company had a trading volume of 2,324,561 shares, compared to its average volume of 2,702,773. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 26.77 and a beta of 2.19. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $48.70. The stock has a 50 day simple moving average of $31.87 and a two-hundred day simple moving average of $24.51. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business posted ($0.86) EPS. Victoria’s Secret & Co.’s revenue was up 6.5% on a year-over-year basis. As a group, equities analysts predict that Victoria’s Secret & Co. will post 2.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VSCO. Castellan Group acquired a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter valued at approximately $6,218,000. Sanctuary Advisors LLC increased its stake in shares of Victoria’s Secret & Co. by 3.3% in the third quarter. Sanctuary Advisors LLC now owns 51,139 shares of the company’s stock valued at $1,314,000 after buying an additional 1,617 shares during the period. Geode Capital Management LLC increased its position in Victoria’s Secret & Co. by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock valued at $46,121,000 after acquiring an additional 24,967 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Victoria’s Secret & Co. during the third quarter valued at $768,000. Finally, XTX Topco Ltd acquired a new stake in Victoria’s Secret & Co. in the third quarter valued at $412,000. Institutional investors and hedge funds 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.