Victoria’s Secret & Co. (NYSE:VSCO) Receives $42.36 Consensus Target Price from Analysts

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have been given an average recommendation of “Hold” by the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $42.36.

VSCO has been the subject of a number of research analyst reports. Jefferies Financial Group increased their target price on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group cut their target price on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating for the company in a research report on Thursday, January 30th. Barclays upgraded shares of Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $51.00 to $53.00 in a research report on Tuesday, January 28th. TD Cowen increased their target price on shares of 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 cut their target price on shares of Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Virtus Fund Advisers LLC acquired a new position in Victoria’s Secret & Co. in the 3rd quarter valued at $27,000. Blue Trust Inc. grew its stake in Victoria’s Secret & Co. by 741.4% in the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after buying an additional 1,505 shares during the last quarter. CoreCap Advisors LLC grew its stake in Victoria’s Secret & Co. by 1,898.1% in the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock valued at $85,000 after buying an additional 1,955 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Victoria’s Secret & Co. by 326.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock valued at $92,000 after buying an additional 1,682 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in Victoria’s Secret & Co. by 47.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock valued at $104,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Down 5.0 %

Shares of NYSE:VSCO opened at $27.87 on Wednesday. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The company has a market cap of $2.19 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.17 and a beta of 2.11. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $48.73. The firm has a 50 day simple moving average of $37.41 and a 200 day simple moving average of $32.16.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, beating the consensus estimate 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 net margin of 2.47% and a return on equity of 44.74%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.86) EPS. As a group, research analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

About Victoria’s Secret & Co.

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.