Victoria’s Secret & Co. (NYSE:VSCO) Receives $36.73 Consensus Target Price from Analysts

Victoria’s Secret & Co. (NYSE:VSCO) has received an average rating of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $36.73.

Several research firms have recently weighed in on VSCO. UBS Group raised Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $18.00 to $47.00 in a research note on Tuesday, December 10th. Barclays upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $23.00 to $25.00 in a research note on Wednesday, September 18th. TD Cowen raised their target price on shares of 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. BMO Capital Markets upped their price target on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Jefferies Financial Group raised their price objective on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO stock opened at $41.86 on Tuesday. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.31 and a current ratio of 1.17. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 2.88 and a beta of 2.19. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $48.73. The company has a 50 day moving average price of $39.22 and a 200 day moving average price of $28.00.

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

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

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its stake in shares of Victoria’s Secret & Co. by 16.4% in the second quarter. Bank of New York Mellon Corp now owns 652,439 shares of the company’s stock worth $11,529,000 after buying an additional 91,712 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Victoria’s Secret & Co. by 8.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,615 shares of the company’s stock worth $294,000 after purchasing an additional 1,280 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Victoria’s Secret & Co. by 23.2% in the 2nd quarter. Rhumbline Advisers now owns 245,699 shares of the company’s stock valued at $4,341,000 after purchasing an additional 46,189 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Victoria’s Secret & Co. by 16.1% during the second quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock worth $32,834,000 after purchasing an additional 258,059 shares during the last quarter. Finally, Savant Capital LLC acquired a new position in Victoria’s Secret & Co. in the second quarter worth about $1,150,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

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.