Victoria’s Secret & Co. (NYSE:VSCO) Receives $19.80 Consensus PT from Brokerages

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have been assigned an average recommendation of “Reduce” from the ten research firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $23.40.

A number of research firms have recently issued reports on VSCO. Morgan Stanley increased their price objective on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. The Goldman Sachs Group boosted their price objective on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a report on Friday, August 30th. Wells Fargo & Company increased their target price on Victoria’s Secret & Co. from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. BMO Capital Markets upped their price objective on shares of Victoria’s Secret & Co. from $26.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Finally, Telsey Advisory Group boosted their target price on shares of Victoria’s Secret & Co. from $24.00 to $27.00 and gave the stock a “market perform” rating in a research report on Thursday, August 29th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC bought a new stake in shares of Victoria’s Secret & Co. during the 4th quarter worth $41,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Victoria’s Secret & Co. in the second quarter worth about $50,000. Frazier Financial Advisors LLC bought a new stake in Victoria’s Secret & Co. in the fourth quarter worth about $76,000. Quarry LP boosted its stake in Victoria’s Secret & Co. by 126.6% in the second quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after acquiring an additional 1,764 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of Victoria’s Secret & Co. by 24.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,037 shares of the company’s stock valued at $107,000 after acquiring an additional 790 shares during the period. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Trading Down 0.1 %

NYSE VSCO opened at $23.43 on Wednesday. The stock has a market capitalization of $1.83 billion, a P/E ratio of 18.02 and a beta of 2.12. The business has a 50 day simple moving average of $19.72 and a 200 day simple moving average of $20.14. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.97 and a quick ratio of 0.28. Victoria’s Secret & Co. has a one year low of $13.62 and a one year high of $30.80.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Wednesday, June 5th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 47.61%. Victoria’s Secret & Co.’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 EPS. Research analysts expect that Victoria’s Secret & Co. will post 2.03 earnings per share for the current year.

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.