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

Victoria’s Secret & Co. (NYSE:VSCO) has received an average rating of “Hold” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $36.73.

VSCO has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their target price on 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. BMO Capital Markets upped their price objective on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $29.00 to $45.00 in a research note on Monday, December 9th. Telsey Advisory Group restated 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. Finally, TD Cowen increased their price target 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.

Institutional Investors Weigh In On Victoria’s Secret & Co.

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in Victoria’s Secret & Co. by 10.3% in the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock worth $144,000 after purchasing an additional 326 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Victoria’s Secret & Co. by 1.0% in the third quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock valued at $1,079,000 after buying an additional 412 shares during the period. Farther Finance Advisors LLC raised its holdings in Victoria’s Secret & Co. by 13.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock valued at $179,000 after buying an additional 835 shares during the last quarter. Virtus Fund Advisers LLC acquired a new stake in Victoria’s Secret & Co. during the 3rd quarter worth approximately $27,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Victoria’s Secret & Co. by 8.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,615 shares of the company’s stock worth $294,000 after acquiring an additional 1,280 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

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

Victoria’s Secret & Co. (NYSE:VSCO) last released 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 company 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 period in the previous year, the business earned ($0.86) earnings per share. Analysts forecast that Victoria’s Secret & Co. will post 2.31 EPS for the current year.

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.