Victoria’s Secret & Co. (NYSE:VSCO) Sets New 1-Year High – Here’s What Happened

Victoria’s Secret & Co. (NYSE:VSCO) reached a new 52-week high during trading on Monday . The stock traded as high as $38.97 and last traded at $38.70, with a volume of 19007 shares changing hands. The stock had previously closed at $37.09.

Wall Street Analyst Weigh In

Several research firms have weighed in on VSCO. Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $23.00 to $25.00 in a research report on Wednesday, September 18th. Jefferies Financial Group upped their price target 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 target on Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. The Goldman Sachs Group upped their price target on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research report on Friday, August 30th. Finally, Morgan Stanley upped their price target on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Victoria’s Secret & Co. presently has an average rating of “Hold” and an average target price of $26.30.

Victoria’s Secret & Co. Price Performance

The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. The stock has a market capitalization of $2.97 billion, a P/E ratio of 21.56 and a beta of 2.10. The firm has a 50-day moving average price of $29.25 and a 200 day moving average price of $23.36.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. On average, analysts expect that Victoria’s Secret & Co. will post 2.01 EPS for the current year.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC lifted its holdings in Victoria’s Secret & Co. by 146.1% in the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock worth $70,856,000 after buying an additional 1,636,602 shares during the period. AQR Capital Management LLC lifted its holdings in Victoria’s Secret & Co. by 102.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock worth $47,864,000 after buying an additional 1,368,103 shares during the period. Victory Capital Management Inc. lifted its holdings in Victoria’s Secret & Co. by 16.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock worth $32,834,000 after buying an additional 258,059 shares during the period. Geode Capital Management LLC lifted its stake in shares of Victoria’s Secret & Co. by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock valued at $46,121,000 after purchasing an additional 24,967 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Victoria’s Secret & Co. by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company’s stock valued at $41,338,000 after purchasing an additional 76,858 shares in the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

About Victoria’s Secret & Co.

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.