Jefferies Financial Group Raises Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $40.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective hoisted by Jefferies Financial Group from $30.00 to $40.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 11.39% from the company’s previous close.

Several other analysts have also recently weighed in on VSCO. Wells Fargo & Company raised their price objective on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Barclays raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $23.00 to $25.00 in a research note on Wednesday, September 18th. TD Cowen boosted their price objective on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Bank of America raised their target price on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research report on Friday, August 30th. Finally, Morgan Stanley lifted their price target on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Three 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.30.

Victoria’s Secret & Co. Price Performance

Shares of NYSE:VSCO traded up $0.94 during trading on Tuesday, reaching $35.91. The stock had a trading volume of 1,292,916 shares, compared to its average volume of 2,750,078. 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 business’s 50-day moving average price is $26.86 and its 200 day moving average price is $22.19. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $37.62. The stock has a market capitalization of $2.82 billion, a PE ratio of 20.88 and a beta of 2.10.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.41 billion. As a group, equities analysts predict that Victoria’s Secret & Co. will post 1.96 earnings per share for the current year.

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

Hedge funds have recently added to or reduced their stakes in the company. Natixis increased its position in shares of Victoria’s Secret & Co. by 1,100,000.0% during the first quarter. Natixis now owns 275,025 shares of the company’s stock worth $5,330,000 after purchasing an additional 275,000 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in Victoria’s Secret & Co. in the 2nd quarter worth approximately $589,000. Aristeia Capital L.L.C. bought a new position in shares of Victoria’s Secret & Co. during the 2nd quarter valued at $1,171,000. Alpha DNA Investment Management LLC acquired a new stake in shares of Victoria’s Secret & Co. during the 2nd quarter valued at about $408,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Victoria’s Secret & Co. by 16.4% during the second quarter. Bank of New York Mellon Corp now owns 652,439 shares of the company’s stock worth $11,529,000 after buying an additional 91,712 shares during the last quarter. 90.29% of the stock is currently 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.