Victoria’s Secret & Co. (NYSE:VSCO) Receives Average Rating of “Hold” from Brokerages

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have been given a consensus rating of “Hold” by the ten analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $26.30.

A number of analysts have commented on the stock. Jefferies Financial Group upped their target price on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Morgan Stanley raised their target price on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. The Goldman Sachs Group boosted their price target on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a report on Friday, August 30th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.00 price objective on shares of Victoria’s Secret & Co. in a research note on Thursday, October 17th. Finally, BMO Capital Markets boosted their price objective on Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Natixis lifted its stake in Victoria’s Secret & Co. by 1,100,000.0% in the 1st quarter. Natixis now owns 275,025 shares of the company’s stock worth $5,330,000 after purchasing an additional 275,000 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in Victoria’s Secret & Co. in the 2nd quarter worth approximately $589,000. Aristeia Capital L.L.C. purchased a new stake in shares of Victoria’s Secret & Co. during the 2nd quarter worth approximately $1,171,000. Alpha DNA Investment Management LLC bought a new position in shares of Victoria’s Secret & Co. during the 2nd quarter valued at approximately $408,000. Finally, Bank of New York Mellon Corp grew its holdings 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 valued at $11,529,000 after purchasing an additional 91,712 shares in the last quarter. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

NYSE VSCO opened at $36.68 on Monday. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 21.33 and a beta of 2.10. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $37.62. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. The business’s fifty day moving average price is $27.87 and its 200-day moving average price is $22.71.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its 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 return on equity of 44.06% and a net margin of 2.25%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.41 billion. On average, equities analysts predict that Victoria’s Secret & Co. will post 1.98 earnings per share for the current 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.