Victoria’s Secret & Co. (NYSE:VSCO) Releases Q2 Earnings Guidance

Victoria’s Secret & Co. (NYSE:VSCOGet Free Report) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.05-$0.20 for the period, compared to the consensus estimate of $0.08. Victoria’s Secret & Co. also updated its Q2 2024 guidance to 0.050-0.200 EPS.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Victoria’s Secret & Co. from $15.00 to $16.00 and gave the stock an underweight rating in a report on Friday, May 17th. Barclays downgraded Victoria’s Secret & Co. from an equal weight rating to an underweight rating and reduced their price objective for the stock from $15.00 to $14.00 in a report on Wednesday, May 8th. Telsey Advisory Group reissued a market perform rating and issued a $20.00 price target on shares of Victoria’s Secret & Co. in a research note on Thursday. Wells Fargo & Company cut their price target on Victoria’s Secret & Co. from $32.00 to $25.00 and set an overweight rating on the stock in a research note on Thursday, March 7th. Finally, The Goldman Sachs Group started coverage on Victoria’s Secret & Co. in a research note on Thursday, April 25th. They issued a sell rating and a $14.00 price target on the stock. Six analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $18.00.

Read Our Latest Analysis on VSCO

Victoria’s Secret & Co. Price Performance

VSCO opened at $22.57 on Thursday. The company has a quick ratio of 0.34, a current ratio of 0.95 and a debt-to-equity ratio of 2.56. Victoria’s Secret & Co. has a 12 month low of $13.62 and a 12 month high of $30.80. The company has a fifty day simple moving average of $19.28 and a 200 day simple moving average of $22.98. The stock has a market cap of $1.75 billion, a P/E ratio of 16.63, a P/E/G ratio of 1.35 and a beta of 2.16.

Victoria’s Secret & Co. (NYSE:VSCOGet Free Report) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the company earned $0.28 EPS. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. On average, research analysts expect that Victoria’s Secret & Co. will post 1.75 EPS for the current year.

Victoria’s Secret & Co. Company Profile

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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.

Further Reading

Earnings History and Estimates for Victoria's Secret & Co. (NYSE:VSCO)

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