Victoria’s Secret & Co. (NYSE:VSCO) Price Target Raised to $40.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective raised by Telsey Advisory Group from $27.00 to $40.00 in a report published on Wednesday morning, Marketbeat Ratings reports. Telsey Advisory Group currently has a market perform rating on the stock.

Several other brokerages have also commented on VSCO. Jefferies Financial Group upped 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 report on Tuesday, November 12th. Barclays upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $23.00 to $25.00 in a research report on Wednesday, September 18th. Wells Fargo & Company boosted their price objective on Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Morgan Stanley raised their target price on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Finally, Bank of America boosted their price target on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research note on Friday, August 30th. Three 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.com, the stock currently has an average rating of “Hold” and an average target price of $27.60.

Victoria’s Secret & Co. Trading Up 2.3 %

Shares of Victoria’s Secret & Co. stock opened at $38.87 on Wednesday. The stock has a 50 day moving average of $30.29 and a 200 day moving average of $23.81. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 22.58 and a beta of 2.10. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $39.39.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations 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, research analysts predict that Victoria’s Secret & Co. will post 2.01 earnings per share for the current year.

Institutional Investors Weigh In On Victoria’s Secret & Co.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Virtus Fund Advisers LLC purchased a new stake in Victoria’s Secret & Co. during the third quarter worth approximately $27,000. Blue Trust Inc. lifted its position in shares of Victoria’s Secret & Co. by 741.4% during the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after buying an additional 1,505 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Victoria’s Secret & Co. in the 2nd quarter valued at $50,000. Quarry LP grew its position in shares of Victoria’s Secret & Co. by 126.6% in the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after buying an additional 1,764 shares during the last quarter. 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 valued at $81,000 after buying an additional 1,652 shares during the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

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.