Victoria’s Secret & Co. (NYSE:VSCO) Given Consensus Rating of “Hold” by Brokerages

Victoria’s Secret & Co. (NYSE:VSCO) has been given an average recommendation of “Hold” by the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Two 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. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $37.55.

Several brokerages have weighed in on VSCO. Wells Fargo & Company reissued an “equal weight” rating and set a $45.00 price objective (up from $33.00) on shares of Victoria’s Secret & Co. in a report on Monday, December 9th. Morgan Stanley dropped their price target on shares of Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Tuesday. UBS Group raised shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and raised their price objective for the company from $18.00 to $47.00 in a research note on Tuesday, December 10th. BMO Capital Markets upped their target price on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, TD Cowen increased their price target on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, December 9th.

Victoria’s Secret & Co. Stock Performance

Shares of Victoria’s Secret & Co. stock opened at $37.72 on Friday. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The firm has a 50 day simple moving average of $40.58 and a 200 day simple moving average of $30.04. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $48.73. The firm has a market cap of $2.97 billion, a P/E ratio of 19.54, a P/E/G ratio of 2.28 and a beta of 2.14.

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

Institutional Trading of Victoria’s Secret & Co.

Large investors have recently bought and sold shares of the business. American Century Companies Inc. boosted its stake in Victoria’s Secret & Co. by 7.4% in the 2nd quarter. American Century Companies Inc. now owns 156,257 shares of the company’s stock worth $2,761,000 after purchasing an additional 10,765 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Victoria’s Secret & Co. by 13.5% during the second quarter. Dimensional Fund Advisors LP now owns 917,017 shares of the company’s stock worth $16,206,000 after buying an additional 109,013 shares during the period. Renaissance Technologies LLC bought a new position in shares of Victoria’s Secret & Co. during the second quarter worth about $2,486,000. Sei Investments Co. raised its position in Victoria’s Secret & Co. by 1.9% in the 2nd quarter. Sei Investments Co. now owns 175,553 shares of the company’s stock valued at $3,102,000 after buying an additional 3,253 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its position in Victoria’s Secret & Co. by 8.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 172,257 shares of the company’s stock valued at $3,044,000 after buying an additional 13,531 shares during the last quarter. 90.29% of the stock is owned by institutional investors.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.