Victoria’s Secret & Co. (NYSE:VSCO) Receives $23.60 Consensus PT from Analysts

Victoria’s Secret & Co. (NYSE:VSCO) has been assigned an average rating of “Reduce” from the ten analysts that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $24.00.

Several equities research analysts have commented on VSCO shares. Wells Fargo & Company boosted their target price on Victoria’s Secret & Co. from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Morgan Stanley increased their target price on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. TD Cowen lifted their price target on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, August 30th. BMO Capital Markets boosted their price target on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $27.00 price objective on shares of Victoria’s Secret & Co. in a report on Thursday.

Victoria’s Secret & Co. Stock Down 0.5 %

Victoria’s Secret & Co. stock opened at $27.48 on Thursday. The company has a 50 day moving average of $24.37 and a 200-day moving average of $20.68. 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 twelve month low of $15.12 and a twelve month high of $30.80. The stock has a market capitalization of $2.15 billion, a PE ratio of 21.14 and a beta of 2.14.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. On average, equities research analysts anticipate that Victoria’s Secret & Co. will post 1.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in shares of Victoria’s Secret & Co. by 741.4% during the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after buying an additional 1,505 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Victoria’s Secret & Co. in the second quarter valued at approximately $50,000. Quarry LP increased its stake in shares of Victoria’s Secret & Co. by 126.6% during the second quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after purchasing an additional 1,764 shares during the period. GAMMA Investing LLC increased its stake in shares of Victoria’s Secret & Co. by 109.5% during the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $81,000 after purchasing an additional 1,652 shares during the period. Finally, Headlands Technologies LLC lifted its holdings in Victoria’s Secret & Co. by 1,925.3% during the 2nd quarter. Headlands Technologies LLC now owns 8,790 shares of the company’s stock worth $155,000 after purchasing an additional 8,356 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.