Victoria’s Secret & Co. (NYSE:VSCO) Updates Q4 2024 Earnings Guidance

Victoria’s Secret & Co. (NYSE:VSCO) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.000-2.300 for the period, compared to the consensus earnings per share estimate of 2.090. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.0 billion. Victoria’s Secret & Co. also updated its FY 2024 guidance to EPS.

Analyst Ratings Changes

A number of analysts have issued reports on the company. TD Cowen lifted their price objective on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. UBS Group boosted their price target on Victoria’s Secret & Co. from $13.00 to $18.00 and gave the stock a “sell” rating in a research report on Thursday. Morgan Stanley boosted their price target on Victoria’s Secret & Co. from $23.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday. Jefferies Financial Group boosted their price target on 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. Finally, Bank of America boosted their price target on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research report on Friday, August 30th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $27.45.

Victoria’s Secret & Co. Stock Performance

NYSE VSCO traded down $0.88 on Thursday, hitting $43.02. 3,235,281 shares of the company’s stock were exchanged, compared to its average volume of 2,705,388. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. The firm’s 50-day moving average price is $31.53 and its two-hundred day moving average price is $24.38. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $44.40. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 25.40 and a beta of 2.19.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.62) by $0.12. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.86) EPS. On average, research analysts expect that Victoria’s Secret & Co. will post 2.01 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.