Victoria’s Secret & Co. (NYSE:VSCO) Issues Q4 Earnings Guidance

Victoria’s Secret & Co. (NYSE:VSCO) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.00-2.30 for the period, compared to the consensus estimate of $2.09. The company issued revenue guidance of $2.12-2.17 billion, compared to the consensus revenue estimate of $2.02 billion. Victoria’s Secret & Co. also updated its FY 2024 guidance to EPS.

Victoria’s Secret & Co. Trading Down 2.0 %

Victoria’s Secret & Co. stock opened at $43.02 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $44.40. The stock has a 50-day moving average price of $31.87 and a 200 day moving average price of $24.51. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 25.01 and a beta of 2.19.

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

Analysts Set New Price Targets

A number of research firms have weighed in on VSCO. Jefferies Financial Group lifted their price objective on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. The Goldman Sachs Group lifted their price target on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, August 30th. Wells Fargo & Company increased 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. UBS Group boosted their price objective on Victoria’s Secret & Co. from $13.00 to $18.00 and gave the company a “sell” rating in a research report on Thursday. Finally, Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $23.00 to $25.00 in a research note on Wednesday, September 18th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $27.45.

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.