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

Victoria’s Secret & Co. (NYSE:VSCO) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $36.73.

A number of research analysts recently weighed in on VSCO shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $40.00 target price on shares of Victoria’s Secret & Co. in a research report on Friday, December 6th. BMO Capital Markets lifted their target price on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. raised Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and increased their price target for the company from $29.00 to $45.00 in a research report on Monday, December 9th. TD Cowen boosted their price target on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, Morgan Stanley increased their price objective on Victoria’s Secret & Co. from $23.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th.

Victoria’s Secret & Co. Price Performance

VSCO stock opened at $39.64 on Tuesday. The stock has a 50-day moving average price of $39.42 and a two-hundred day moving average price of $28.22. Victoria’s Secret & Co. has a 1 year low of $15.12 and a 1 year high of $48.73. The stock has a market cap of $3.12 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 2.88 and a beta of 2.14. The company has a current ratio of 1.17, a quick ratio of 0.31 and a debt-to-equity ratio of 3.12.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share (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 last year, the company earned ($0.86) earnings per share. Victoria’s Secret & Co.’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts forecast that Victoria’s Secret & Co. will post 2.31 EPS for the current fiscal year.

Institutional Trading of Victoria’s Secret & Co.

A number of hedge funds have recently modified their holdings of the stock. Forest Avenue Capital Management LP acquired a new position in Victoria’s Secret & Co. in the 3rd quarter valued at about $40,861,000. Dark Forest Capital Management LP acquired a new position in shares of Victoria’s Secret & Co. in the second quarter valued at approximately $589,000. Aristeia Capital L.L.C. bought a new position in shares of Victoria’s Secret & Co. during the second quarter worth approximately $1,171,000. Oliver Luxxe Assets LLC bought a new position in shares of Victoria’s Secret & Co. during the fourth quarter worth approximately $1,963,000. Finally, MetLife Investment Management LLC increased its stake in shares of Victoria’s Secret & Co. by 129.1% during the third quarter. MetLife Investment Management LLC now owns 45,652 shares of the company’s stock worth $1,173,000 after purchasing an additional 25,723 shares during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.

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.