Victoria’s Secret & Co. (NYSE:VSCO) Given Average Recommendation of “Reduce” by Analysts

Victoria’s Secret & Co. (NYSE:VSCO) has earned a consensus rating of “Reduce” from the ten analysts that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $18.50.

VSCO has been the topic of several recent analyst reports. Morgan Stanley lowered shares of Victoria’s Secret & Co. from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $19.00 to $15.00 in a research report on Monday, May 6th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $20.00 price target on shares of Victoria’s Secret & Co. in a report on Thursday, June 6th. Barclays boosted their price target on Victoria’s Secret & Co. from $16.00 to $19.00 and gave the company an “underweight” rating in a research note on Friday, June 7th. JPMorgan Chase & Co. upped their target price on Victoria’s Secret & Co. from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday, May 17th. Finally, The Goldman Sachs Group began coverage on shares of Victoria’s Secret & Co. in a research report on Thursday, April 25th. They set a “sell” rating and a $14.00 price target for the company.

Institutional Investors Weigh In On Victoria’s Secret & Co.

A number of institutional investors have recently modified their holdings of the business. Treasurer of the State of North Carolina boosted its position in Victoria’s Secret & Co. by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 34,163 shares of the company’s stock worth $907,000 after purchasing an additional 340 shares in the last quarter. SummerHaven Investment Management LLC raised its position in shares of Victoria’s Secret & Co. by 1.2% in the fourth quarter. SummerHaven Investment Management LLC now owns 36,428 shares of the company’s stock valued at $967,000 after buying an additional 422 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Victoria’s Secret & Co. by 5.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company’s stock valued at $297,000 after acquiring an additional 628 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Victoria’s Secret & Co. by 24.3% in the fourth quarter. Quadrant Capital Group LLC now owns 4,037 shares of the company’s stock valued at $107,000 after purchasing an additional 790 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of Victoria’s Secret & Co. by 2.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock worth $696,000 after acquiring an additional 1,000 shares during the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Stock Up 3.7 %

NYSE VSCO traded up $0.70 on Friday, hitting $19.77. The stock had a trading volume of 1,767,562 shares, compared to its average volume of 2,806,302. The business’s fifty day moving average price is $18.36 and its 200 day moving average price is $20.70. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 1.10 and a beta of 2.08. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.97 and a quick ratio of 0.28. Victoria’s Secret & Co. has a 52-week low of $13.62 and a 52-week high of $30.80.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Victoria’s Secret & Co. had a return on equity of 46.52% and a net margin of 1.71%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the firm earned $0.28 EPS. The business’s quarterly revenue was down 3.4% on a year-over-year basis. Equities research analysts anticipate that Victoria’s Secret & Co. will post 1.72 earnings per share for the current year.

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.