Analysts Set Victoria’s Secret & Co. (NYSE:VSCO) PT at $36.73

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have been given a consensus recommendation of “Hold” by the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $36.73.

Several analysts have recently commented on the company. Wells Fargo & Company reiterated an “equal weight” rating and set a $45.00 price objective (up previously from $33.00) on shares of Victoria’s Secret & Co. in a report on Monday, December 9th. Morgan Stanley increased their price target on Victoria’s Secret & Co. from $23.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Jefferies Financial Group raised their price target on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. TD Cowen upped their price objective on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a report on Monday, December 9th. Finally, Barclays upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $23.00 to $25.00 in a research note on Wednesday, September 18th.

Victoria’s Secret & Co. Price Performance

Shares of VSCO stock opened at $40.42 on Tuesday. The stock’s 50-day moving average is $38.71 and its 200 day moving average is $27.69. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.73. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.31. The company has a market cap of $3.18 billion, a P/E ratio of 20.94, a PEG ratio of 2.88 and a beta of 2.19.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.12. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned ($0.86) EPS. Research analysts predict that Victoria’s Secret & Co. will post 2.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Several institutional investors and hedge funds have recently modified their holdings of VSCO. Castellan Group purchased a new stake in Victoria’s Secret & Co. during the third quarter worth $6,218,000. Sanctuary Advisors LLC boosted its stake in shares of Victoria’s Secret & Co. by 3.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 51,139 shares of the company’s stock worth $1,314,000 after acquiring an additional 1,617 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Victoria’s Secret & Co. by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock valued at $46,121,000 after purchasing an additional 24,967 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Victoria’s Secret & Co. in the 3rd quarter worth about $768,000. Finally, XTX Topco Ltd purchased a new position in Victoria’s Secret & Co. during the third quarter worth approximately $412,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

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.