Victoria’s Secret & Co. (NYSE:VSCO) Given Average Recommendation of “Hold” by Brokerages

Victoria’s Secret & Co. (NYSE:VSCO) has been given an average recommendation of “Hold” by the eleven research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $42.36.

Several equities analysts have recently weighed in on VSCO shares. Morgan Stanley reduced their price objective 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. Barclays raised Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $51.00 to $53.00 in a report on Tuesday, January 28th. The Goldman Sachs Group reduced their price objective on Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating for the company in a research note on Thursday, January 30th. Bank of America decreased their target price on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. upgraded Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $29.00 to $45.00 in a report on Monday, December 9th.

Institutional Trading of Victoria’s Secret & Co.

Several institutional investors and hedge funds have recently added to or reduced their stakes in VSCO. Virtus Fund Advisers LLC acquired a new stake in shares of Victoria’s Secret & Co. during the third quarter worth $27,000. Blue Trust Inc. boosted its stake in Victoria’s Secret & Co. by 741.4% during the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after acquiring an additional 1,505 shares during the last quarter. CoreCap Advisors LLC increased its stake in Victoria’s Secret & Co. by 1,898.1% in the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock valued at $85,000 after purchasing an additional 1,955 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Victoria’s Secret & Co. by 326.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock worth $92,000 after purchasing an additional 1,682 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of Victoria’s Secret & Co. by 47.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock worth $104,000 after purchasing an additional 800 shares in the last quarter. 90.29% of the stock is owned by institutional investors.

Victoria’s Secret & Co. Stock Performance

VSCO opened at $27.87 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The business’s 50 day moving average is $37.41 and its 200-day moving average is $32.36. The stock has a market cap of $2.19 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.15 and a beta of 2.11. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, topping 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 company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.86) earnings per share. On average, analysts predict 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.