Victoria’s Secret & Co. (NYSE:VSCO) Upgraded by Barclays to “Overweight” Rating

Barclays upgraded shares of Victoria’s Secret & Co. (NYSE:VSCO) from an equal weight rating to an overweight rating in a research report sent to investors on Tuesday morning, Marketbeat reports. Barclays currently has $53.00 target price on the stock, up from their previous target price of $51.00.

VSCO has been the subject of a number of other research reports. JPMorgan Chase & Co. raised shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $29.00 to $45.00 in a research report on Monday, December 9th. BMO Capital Markets upped their price target on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, December 6th. TD Cowen lifted their price objective on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Jefferies Financial Group upped their target price on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $45.00 price target (up previously from $33.00) on shares of Victoria’s Secret & Co. in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Victoria’s Secret & Co. presently has a consensus rating of “Hold” and a consensus price target of $40.09.

Victoria’s Secret & Co. Trading Up 1.2 %

Shares of NYSE:VSCO opened at $37.78 on Tuesday. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The company has a market cap of $2.97 billion, a P/E ratio of 19.57, a P/E/G ratio of 2.28 and a beta of 2.14. The stock’s 50-day moving average is $40.63 and its 200-day moving average is $30.46.

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 company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. 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 company earned ($0.86) earnings per share. Equities research analysts predict that Victoria’s Secret & Co. will post 2.31 earnings per share for the current year.

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

A number of institutional investors and hedge funds have recently bought and sold shares of VSCO. Virtus Fund Advisers LLC bought a new position in Victoria’s Secret & Co. in the 3rd quarter worth approximately $27,000. Blue Trust Inc. raised its position in shares of Victoria’s Secret & Co. by 741.4% during the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after acquiring 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. during the second quarter valued at $50,000. Quarry LP boosted 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 valued at $56,000 after acquiring an additional 1,764 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Victoria’s Secret & Co. by 109.5% in the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $81,000 after purchasing an additional 1,652 shares during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.

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.