Victoria’s Secret & Co. (NYSE:VSCO) Receives $24.78 Average Price Target from Analysts

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have been assigned an average rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $26.30.

A number of brokerages have issued reports on VSCO. Telsey Advisory Group reiterated a “market perform” rating and issued a $27.00 price target on shares of Victoria’s Secret & Co. in a report on Thursday, October 17th. Barclays upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $23.00 to $25.00 in a report on Wednesday, September 18th. TD Cowen lifted their price target on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a report on Friday, August 30th. Wells Fargo & Company lifted their price target on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group lifted their price target on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a report on Friday, August 30th.

Institutional Trading of Victoria’s Secret & Co.

Large investors have recently made changes to their positions in the business. Virtus Fund Advisers LLC purchased a new position in shares of Victoria’s Secret & Co. during the 3rd quarter worth about $27,000. Blue Trust Inc. boosted its stake 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 purchasing an additional 1,505 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Victoria’s Secret & Co. during the 2nd quarter worth about $50,000. Quarry LP boosted its stake in shares of Victoria’s Secret & Co. by 126.6% during the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after purchasing an additional 1,764 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Victoria’s Secret & Co. by 109.5% during the 3rd 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. 90.29% of the stock is currently owned by institutional investors.

Victoria’s Secret & Co. Stock Up 1.8 %

VSCO opened at $36.68 on Monday. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $37.62. The firm’s fifty day moving average is $27.87 and its 200 day moving average is $22.64. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 21.33 and a beta of 2.10.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.41 billion. On average, sell-side analysts forecast that Victoria’s Secret & Co. will post 1.98 earnings per share for the current fiscal year.

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.