Victoria’s Secret & Co. (NYSE:VSCO) Sets New 12-Month High – Time to Buy?

Victoria’s Secret & Co. (NYSE:VSCO)’s share price hit a new 52-week high on Friday . The company traded as high as $48.73 and last traded at $48.71, with a volume of 1410816 shares. The stock had previously closed at $46.79.

Wall Street Analysts Forecast Growth

VSCO has been the topic of a number of recent research reports. Barclays upgraded 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. 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 research report on Friday, August 30th. Jefferies Financial Group increased their price objective on shares of 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. JPMorgan Chase & Co. raised shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $29.00 to $45.00 in a research report on Monday, December 9th. Finally, UBS Group raised shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and raised their price target for the company from $18.00 to $47.00 in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Victoria’s Secret & Co. currently has an average rating of “Hold” and a consensus target price of $36.73.

Victoria’s Secret & Co. Stock Performance

The company has a fifty day moving average of $34.55 and a two-hundred day moving average of $25.66. The stock has a market capitalization of $3.83 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 2.88 and a beta of 2.19. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.31.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtus Fund Advisers LLC acquired a new stake in Victoria’s Secret & Co. in the third quarter worth $27,000. Blue Trust Inc. grew its position in shares of Victoria’s Secret & Co. by 741.4% during the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after acquiring 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 2nd quarter worth about $50,000. Quarry LP lifted its position in Victoria’s Secret & Co. by 126.6% in the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after purchasing an additional 1,764 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Victoria’s Secret & Co. by 109.5% during the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after buying an additional 1,652 shares during the last quarter. Institutional investors and hedge funds 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.