Victoria’s Secret & Co. (NYSE:VSCO) Stock Rating Upgraded by UBS Group

UBS Group upgraded shares of Victoria’s Secret & Co. (NYSE:VSCO) from a sell rating to a neutral rating in a research report sent to investors on Tuesday, MarketBeat Ratings reports. They currently have $47.00 price target on the stock, up from their previous price target of $18.00.

A number of other equities research analysts also recently commented on the stock. Barclays upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $23.00 to $25.00 in a report on Wednesday, September 18th. Telsey Advisory Group reiterated a “market perform” rating and set a $40.00 price target on shares of Victoria’s Secret & Co. in a report on Friday, December 6th. Wells Fargo & Company restated an “equal weight” rating and issued a $45.00 target price (up from $33.00) on shares of Victoria’s Secret & Co. in a report on Monday. Morgan Stanley boosted their target price on shares of Victoria’s Secret & Co. from $23.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $29.00 to $45.00 in a report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $36.73.

Victoria’s Secret & Co. Stock Performance

Shares of NYSE VSCO opened at $46.63 on Tuesday. The company has a market cap of $3.66 billion, a PE ratio of 24.16 and a beta of 2.19. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $48.70. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. The company has a 50-day simple moving average of $33.17 and a 200-day simple moving average of $25.12.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.12. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.59%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.86) earnings per share. On average, equities analysts anticipate 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.

Several institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its stake in Victoria’s Secret & Co. by 1.0% during the third quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock worth $1,079,000 after buying an additional 412 shares during the period. SummerHaven Investment Management LLC grew its stake in Victoria’s Secret & Co. by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company’s stock worth $663,000 after buying an additional 715 shares during the period. Farther Finance Advisors LLC grew its stake in Victoria’s Secret & Co. by 13.6% during the third quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock worth $179,000 after buying an additional 835 shares during the period. Louisiana State Employees Retirement System grew its stake in Victoria’s Secret & Co. by 2.6% during the second quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock worth $696,000 after buying an additional 1,000 shares during the period. Finally, Virtus Fund Advisers LLC purchased a new stake in Victoria’s Secret & Co. during the third quarter worth approximately $27,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

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.