Victoria’s Secret & Co. (NYSE:VSCO) Receives $37.55 Consensus Target Price from Analysts

Victoria’s Secret & Co. (NYSE:VSCO) has earned an average rating of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $40.09.

A number of brokerages have recently commented on VSCO. Telsey Advisory Group reiterated a “market perform” rating and set a $40.00 price target on shares of Victoria’s Secret & Co. in a report on Friday, December 6th. 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 note on Tuesday, November 12th. UBS Group upgraded Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and upped their target price for the company from $18.00 to $47.00 in a research note on Tuesday, December 10th. Morgan Stanley lowered their price target on Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $45.00 target price (up previously from $33.00) on shares of Victoria’s Secret & Co. in a report on Monday, December 9th.

Victoria’s Secret & Co. Stock Down 4.7 %

Shares of Victoria’s Secret & Co. stock opened at $36.11 on Friday. The stock has a market capitalization of $2.84 billion, a P/E ratio of 18.71, a PEG ratio of 2.28 and a beta of 2.14. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The stock has a 50 day moving average price of $40.63 and a two-hundred day moving average price of $30.50. Victoria’s Secret & Co. has a 12-month low of $15.12 and a 12-month high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.12. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company earned ($0.86) earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts expect that Victoria’s Secret & Co. will post 2.31 earnings per share for the current year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Several hedge funds have recently added to or reduced their stakes in VSCO. Virtus Fund Advisers LLC bought a new position in Victoria’s Secret & Co. in the third quarter valued at about $27,000. Blue Trust Inc. lifted its stake in Victoria’s Secret & Co. by 741.4% in the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after buying an additional 1,505 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Victoria’s Secret & Co. in the second quarter valued at about $50,000. Quarry LP raised its position in shares of Victoria’s Secret & Co. by 126.6% during the second quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after purchasing an additional 1,764 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Victoria’s Secret & Co. by 109.5% during the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $81,000 after purchasing an additional 1,652 shares during the period. Institutional investors own 90.29% of the company’s stock.

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.