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

by · The Cerbat Gem

Shares of Victoria’s Secret & Co. (NYSE:VSCO – Get Free Report) have been given an average rating of “Reduce” by the ten analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $23.60.

Several research analysts have recently commented on VSCO shares. BMO Capital Markets increased their price target on shares of Victoria’s Secret & Co. from $26.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Barclays upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $23.00 to $25.00 in a report on Wednesday, September 18th. Telsey Advisory Group boosted their price target on Victoria’s Secret & Co. from $24.00 to $27.00 and gave the stock a “market perform” rating in a research report on Thursday, August 29th. TD Cowen increased their price objective on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a report on Friday, August 30th. Finally, Wells Fargo & Company raised their price objective on Victoria’s Secret & Co. from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th.

Read Our Latest Research Report on Victoria’s Secret & Co.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. AQR Capital Management LLC grew its stake in shares of Victoria’s Secret & Co. by 102.0% in the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock worth $47,864,000 after acquiring an additional 1,368,103 shares during the last quarter. Bayberry Capital Partners LP bought a new position in shares of Victoria’s Secret & Co. during the 1st quarter worth about $11,919,000. Marshall Wace LLP increased its holdings in shares of Victoria’s Secret & Co. by 1,218.1% during the 2nd quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock worth $10,924,000 after purchasing an additional 571,295 shares during the period. Lombard Odier Asset Management USA Corp raised its position in shares of Victoria’s Secret & Co. by 102.3% during the second quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock valued at $204,000 after buying an additional 511,573 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Victoria’s Secret & Co. in the fourth quarter valued at about $8,986,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Price Performance

Shares of NYSE:VSCO opened at $26.04 on Friday. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 20.03 and a beta of 2.13. Victoria’s Secret & Co. has a 1 year low of $13.62 and a 1 year high of $30.80. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27. The business has a fifty day simple moving average of $22.05 and a 200 day simple moving average of $19.97.

Victoria’s Secret & Co. (NYSE:VSCO – Get Free Report) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. As a group, sell-side analysts predict that Victoria’s Secret & Co. will post 1.98 earnings per share for the current fiscal year.

Victoria’s Secret & Co. Company Profile

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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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