Victoria’s Secret & Co. (NYSE:VSCO) Receives $36.73 Consensus PT from Analysts

Victoria’s Secret & Co. (NYSE:VSCO) has been given an average rating of “Hold” by the eleven ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $36.73.

Several analysts recently issued reports on VSCO shares. Jefferies Financial Group upped 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 note on Tuesday, November 12th. Barclays upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $23.00 to $25.00 in a research report on Wednesday, September 18th. Telsey Advisory Group reiterated a “market perform” rating and set a $40.00 price objective on shares of Victoria’s Secret & Co. in a research report on Friday, December 6th. BMO Capital Markets upped their target price on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, TD Cowen lifted their price target 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.

Victoria’s Secret & Co. Stock Performance

NYSE VSCO opened at $40.42 on Tuesday. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.31. The stock’s 50 day simple moving average is $38.71 and its 200-day simple moving average is $27.69. The company has a market cap of $3.18 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 2.88 and a beta of 2.19. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) 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 company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the company posted ($0.86) EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts anticipate that Victoria’s Secret & Co. will post 2.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Several large investors have recently made changes to their positions in VSCO. Forest Avenue Capital Management LP acquired a new stake in Victoria’s Secret & Co. in the 3rd quarter valued at approximately $40,861,000. Dark Forest Capital Management LP purchased a new stake in shares of Victoria’s Secret & Co. in the 2nd quarter valued at $589,000. Aristeia Capital L.L.C. acquired a new position in Victoria’s Secret & Co. during the 2nd quarter worth about $1,171,000. MetLife Investment Management LLC boosted its holdings in Victoria’s Secret & Co. by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 45,652 shares of the company’s stock valued at $1,173,000 after acquiring an additional 25,723 shares during the period. Finally, Alpha DNA Investment Management LLC acquired a new position in Victoria’s Secret & Co. in the 2nd quarter valued at about $408,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

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.