Victoria’s Secret & Co. (NYSE:VSCO) Receives Average Recommendation of “Reduce” from Analysts

Shares of Victoria’s Secret & Co. (NYSE:VSCOGet Free Report) have been assigned an average rating of “Reduce” from the ten brokerages that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $18.50.

A number of brokerages recently commented on VSCO. BMO Capital Markets decreased their price target on Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. Bank of America reiterated an “underperform” rating and issued a $15.00 target price (down previously from $34.00) on shares of Victoria’s Secret & Co. in a research report on Friday, March 8th. Telsey Advisory Group reiterated a “market perform” rating and issued a $20.00 target price on shares of Victoria’s Secret & Co. in a research report on Thursday, June 6th. The Goldman Sachs Group started coverage on Victoria’s Secret & Co. in a research report on Thursday, April 25th. They issued a “sell” rating and a $14.00 target price on the stock. Finally, Morgan Stanley cut Victoria’s Secret & Co. from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $19.00 to $15.00 in a research report on Monday, May 6th.

Read Our Latest Research Report on VSCO

Victoria’s Secret & Co. Stock Down 2.1 %

VSCO opened at $18.80 on Friday. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.28 and a current ratio of 0.97. Victoria’s Secret & Co. has a fifty-two week low of $13.62 and a fifty-two week high of $30.80. The company has a market capitalization of $1.47 billion, a P/E ratio of 14.46, a P/E/G ratio of 1.09 and a beta of 2.15. The stock has a fifty day moving average of $19.32 and a 200-day moving average of $22.79.

Victoria’s Secret & Co. (NYSE:VSCOGet Free Report) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Victoria’s Secret & Co. had a return on equity of 46.52% and a net margin of 1.71%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the business earned $0.28 earnings per share. Victoria’s Secret & Co.’s revenue was down 3.4% on a year-over-year basis. On average, equities analysts expect that Victoria’s Secret & Co. will post 1.72 EPS for the current year.

Institutional Trading of Victoria’s Secret & Co.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG grew its holdings in shares of Victoria’s Secret & Co. by 3.0% during the fourth quarter. UBS Group AG now owns 3,421,898 shares of the company’s stock worth $90,817,000 after purchasing an additional 98,882 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Victoria’s Secret & Co. by 4.3% in the third quarter. AQR Capital Management LLC now owns 1,495,863 shares of the company’s stock worth $24,951,000 after acquiring an additional 61,693 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Victoria’s Secret & Co. by 18.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,192,532 shares of the company’s stock worth $31,650,000 after acquiring an additional 188,384 shares during the period. Kettle Hill Capital Management LLC acquired a new position in shares of Victoria’s Secret & Co. in the third quarter worth approximately $18,645,000. Finally, Invesco Ltd. lifted its stake in shares of Victoria’s Secret & Co. by 4.2% in the third quarter. Invesco Ltd. now owns 660,005 shares of the company’s stock worth $11,009,000 after acquiring an additional 26,412 shares during the period. 90.29% of the stock is currently owned by institutional investors.

Victoria’s Secret & Co. Company Profile

(Get Free Report

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.

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Analyst Recommendations for Victoria's Secret & Co. (NYSE:VSCO)

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