Telsey Advisory Group Boosts Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $40.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective hoisted by Telsey Advisory Group from $27.00 to $40.00 in a research note published on Wednesday, MarketBeat.com reports. They currently have a market perform rating on the stock.

Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group increased their price objective on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company raised their price target on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. 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, October 17th. Morgan Stanley lifted their target price on 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. Finally, TD Cowen raised their target price on 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. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $27.60.

Victoria’s Secret & Co. Trading Up 1.3 %

NYSE VSCO opened at $38.00 on Wednesday. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 22.09 and a beta of 2.10. The stock’s 50 day moving average price is $29.79 and its two-hundred day moving average price is $23.61. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $39.39.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. As a group, analysts anticipate that Victoria’s Secret & Co. will post 2.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Virtus Fund Advisers LLC bought a new position in Victoria’s Secret & Co. during the third quarter valued at approximately $27,000. Blue Trust Inc. grew its position 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 last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Victoria’s Secret & Co. during the second quarter valued at about $50,000. Quarry LP lifted its holdings in Victoria’s Secret & Co. by 126.6% in the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after buying an additional 1,764 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Victoria’s Secret & Co. by 109.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $81,000 after buying an additional 1,652 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.