Victoria’s Secret & Co. (NYSE:VSCO) Price Target Raised to $19.00

Victoria’s Secret & Co. (NYSE:VSCO) had its target price increased by Barclays from $17.00 to $19.00 in a research note released on Thursday morning, Benzinga reports. They currently have an underweight rating on the stock.

Other analysts have also issued reports about the stock. Telsey Advisory Group restated a market perform rating and set a $24.00 price target on shares of Victoria’s Secret & Co. in a research report on Thursday. JPMorgan Chase & Co. increased their target price on Victoria’s Secret & Co. from $15.00 to $16.00 and gave the company an underweight rating in a report on Friday, May 17th. The Goldman Sachs Group lifted their price target on Victoria’s Secret & Co. from $15.00 to $17.00 and gave the stock a sell rating in a research note on Thursday. Morgan Stanley raised Victoria’s Secret & Co. from an underweight rating to an equal weight rating in a research note on Wednesday. Finally, Bank of America lifted their target price on shares of Victoria’s Secret & Co. from $15.00 to $18.00 and gave the stock an underperform rating in a research note on Thursday. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $19.80.

Victoria’s Secret & Co. Stock Performance

Shares of NYSE VSCO opened at $24.09 on Thursday. The stock’s 50-day moving average is $18.33 and its 200 day moving average is $20.54. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 1.34 and a beta of 2.08. Victoria’s Secret & Co. has a 1-year low of $13.62 and a 1-year high of $30.80. The company has a current ratio of 0.97, a quick ratio of 0.28 and a debt-to-equity ratio of 2.51.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. Victoria’s Secret & Co. had a net margin of 1.71% and a return on equity of 46.52%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the firm posted $0.28 earnings per share. The business’s revenue was down 3.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Victoria’s Secret & Co. will post 1.76 EPS for the current fiscal year.

Institutional Trading of Victoria’s Secret & Co.

Several large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new position in Victoria’s Secret & Co. in the 4th quarter worth $41,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Victoria’s Secret & Co. during the fourth quarter valued at about $58,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Victoria’s Secret & Co. during the second quarter valued at about $50,000. Frazier Financial Advisors LLC bought a new position in Victoria’s Secret & Co. in the fourth quarter worth about $76,000. Finally, Quarry LP lifted its holdings in Victoria’s Secret & Co. by 126.6% in the second 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. Institutional investors own 90.29% of the company’s stock.

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.