Brokerages Set Victoria’s Secret & Co. (NYSE:VSCO) Price Target at $37.55

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have received a consensus rating of “Hold” from the eleven research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $37.55.

Several equities research analysts have recently commented on the stock. BMO Capital Markets boosted their price target on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Morgan Stanley reduced their price target on shares of Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $29.00 to $45.00 in a report on Monday, December 9th. Jefferies Financial Group boosted their price target on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $45.00 price target (up previously from $33.00) on shares of Victoria’s Secret & Co. in a report on Monday, December 9th.

Victoria’s Secret & Co. Price Performance

Victoria’s Secret & Co. stock opened at $37.34 on Friday. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 19.35, a price-to-earnings-growth ratio of 2.28 and a beta of 2.14. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. Victoria’s Secret & Co. has a 1 year low of $15.12 and a 1 year high of $48.73. The firm has a 50-day moving average of $40.60 and a two-hundred day moving average of $30.33.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the company earned ($0.86) EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts forecast that Victoria’s Secret & Co. will post 2.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VSCO. Virtus Fund Advisers LLC acquired a new position in Victoria’s Secret & Co. during the 3rd quarter valued at approximately $27,000. Blue Trust Inc. increased its stake in Victoria’s Secret & Co. by 741.4% during the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after purchasing an additional 1,505 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Victoria’s Secret & Co. during the 2nd quarter valued at approximately $50,000. Quarry LP increased its stake in Victoria’s Secret & Co. by 126.6% during the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after purchasing an additional 1,764 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Victoria’s Secret & Co. by 109.5% during the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after purchasing an additional 1,652 shares in the last quarter. 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.