BMO Capital Markets Raises Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $33.00

Victoria’s Secret & Co. (NYSE:VSCO) had its target price increased by BMO Capital Markets from $29.00 to $33.00 in a report published on Thursday, MarketBeat reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other equities research analysts also recently issued reports on VSCO. Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $23.00 to $25.00 in a research note on Wednesday, September 18th. The Goldman Sachs Group raised their price target on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, August 30th. TD Cowen upped their price objective 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. Bank of America upped their price target on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research note on Friday, August 30th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.00 price target on shares of Victoria’s Secret & Co. in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Victoria’s Secret & Co. currently has an average rating of “Hold” and a consensus target price of $24.00.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO opened at $27.48 on Thursday. The company has a 50-day moving average of $24.37 and a two-hundred day moving average of $20.68. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 21.14 and a beta of 2.14. 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. has a one year low of $15.12 and a one year high of $30.80.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data 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 net margin of 2.25% and a return on equity of 44.06%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. On average, equities research analysts expect that Victoria’s Secret & Co. will post 1.98 earnings per share for the current year.

Institutional Investors Weigh In On Victoria’s Secret & Co.

A number of large investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its holdings in Victoria’s Secret & Co. by 741.4% during the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after acquiring an additional 1,505 shares during the period. Hengehold Capital Management LLC bought a new stake in Victoria’s Secret & Co. during the third quarter valued at about $277,000. Profit Investment Management LLC bought a new stake in Victoria’s Secret & Co. during the third quarter valued at about $1,523,000. GAMMA Investing LLC boosted its holdings in Victoria’s Secret & Co. by 109.5% during the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after acquiring an additional 1,652 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in Victoria’s Secret & Co. by 34.2% during the third quarter. Handelsbanken Fonder AB now owns 24,742 shares of the company’s stock valued at $636,000 after acquiring an additional 6,300 shares during the period. 90.29% of the stock is currently owned by institutional investors.

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.