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

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have received an average recommendation of “Reduce” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $24.30.

A number of brokerages have weighed in on VSCO. Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $23.00 to $25.00 in a research report on Wednesday, September 18th. Telsey Advisory Group reissued a “market perform” rating and set a $27.00 target price on shares of Victoria’s Secret & Co. in a report on Thursday, October 17th. Bank of America raised their price target on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a report on Friday, August 30th. Wells Fargo & Company upped their price objective 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. Finally, The Goldman Sachs Group increased their price objective on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research report on Friday, August 30th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its stake in shares of Victoria’s Secret & Co. by 5.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company’s stock valued at $297,000 after buying an additional 628 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Victoria’s Secret & Co. during the 4th quarter valued at $372,000. Texas Permanent School Fund Corp grew its holdings in shares of Victoria’s Secret & Co. by 1.8% during the 1st quarter. Texas Permanent School Fund Corp now owns 67,770 shares of the company’s stock worth $1,313,000 after purchasing an additional 1,205 shares in the last quarter. Duality Advisers LP increased its position in shares of Victoria’s Secret & Co. by 53.9% in the first quarter. Duality Advisers LP now owns 107,763 shares of the company’s stock worth $2,088,000 after purchasing an additional 37,733 shares during the period. Finally, SG Americas Securities LLC raised its stake in Victoria’s Secret & Co. by 47.2% in the first quarter. SG Americas Securities LLC now owns 14,077 shares of the company’s stock valued at $273,000 after purchasing an additional 4,514 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

NYSE:VSCO opened at $29.18 on Thursday. The stock has a market capitalization of $2.28 billion, a PE ratio of 22.45 and a beta of 2.14. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $30.80. The firm has a fifty day simple moving average of $24.78 and a 200 day simple moving average of $20.86. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. On average, research analysts expect that Victoria’s Secret & Co. will post 1.98 EPS 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.