Victoria’s Secret & Co. (NYSE:VSCO) Price Target Raised to $40.00 at Jefferies Financial Group

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective upped by Jefferies Financial Group from $30.00 to $40.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently commented on the company. The Goldman Sachs Group boosted their price target on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, August 30th. TD Cowen increased their target price on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Morgan Stanley raised their price target on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a research note 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 stock an “overweight” rating in a research report on Monday, October 21st. Finally, Bank of America raised their target price on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research report on Friday, August 30th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Victoria’s Secret & Co. has an average rating of “Hold” and an average price target of $26.30.

Victoria’s Secret & Co. Price Performance

VSCO stock opened at $35.80 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $37.62. The firm has a market cap of $2.81 billion, a P/E ratio of 20.81 and a beta of 2.10. The company’s 50-day moving average price is $27.10 and its two-hundred day moving average price is $22.32.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. On average, analysts anticipate that Victoria’s Secret & Co. will post 1.96 earnings per share for the current fiscal year.

Institutional Trading of Victoria’s Secret & Co.

Several institutional investors have recently modified their holdings of VSCO. Blue Trust Inc. raised its position in 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 last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Victoria’s Secret & Co. in the second quarter valued at about $50,000. Quarry LP raised its position in shares of Victoria’s Secret & Co. by 126.6% during the second quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after acquiring an additional 1,764 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of 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 acquiring an additional 1,652 shares during the period. Finally, Carolina Wealth Advisors LLC bought a new stake in Victoria’s Secret & Co. in the third quarter valued at approximately $92,000. Institutional investors own 90.29% of the company’s stock.

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.