Victoria’s Secret & Co. (NYSE:VSCO) Upgraded at Barclays

Barclays upgraded shares of Victoria’s Secret & Co. (NYSE:VSCO) from an equal weight rating to an overweight rating in a report published on Tuesday, MarketBeat reports. The brokerage currently has $53.00 price target on the stock, up from their previous price target of $51.00.

VSCO has been the topic of several other reports. TD Cowen lifted their target price on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Telsey Advisory Group reissued a “market perform” rating and set a $40.00 target price on shares of Victoria’s Secret & Co. in a research note on Friday, December 6th. JPMorgan Chase & Co. raised shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $29.00 to $45.00 in a research note on Monday, December 9th. BMO Capital Markets raised their price objective on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Jefferies Financial Group boosted 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 research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Victoria’s Secret & Co. presently has a consensus rating of “Hold” and a consensus target price of $40.09.

Victoria’s Secret & Co. Trading Up 1.2 %

NYSE:VSCO opened at $37.78 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.73. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 2.28 and a beta of 2.14. The business’s 50-day moving average price is $40.63 and its two-hundred day moving average price is $30.46.

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, topping the consensus estimate of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm earned ($0.86) EPS. Victoria’s Secret & Co.’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities analysts expect that Victoria’s Secret & Co. will post 2.31 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in Victoria’s Secret & Co. by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock worth $144,000 after acquiring an additional 326 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Victoria’s Secret & Co. by 1.0% during the third quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock worth $1,079,000 after buying an additional 412 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Victoria’s Secret & Co. by 13.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock worth $179,000 after purchasing an additional 835 shares in the last quarter. Virtus Fund Advisers LLC bought a new position in shares of Victoria’s Secret & Co. during the third quarter worth approximately $27,000. Finally, Blue Trust Inc. boosted its stake in shares of Victoria’s Secret & Co. by 741.4% in the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after buying an additional 1,505 shares during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.