Brokerages Set Victoria’s Secret & Co. (NYSE:VSCO) Price Target at $37.55

Victoria’s Secret & Co. (NYSE:VSCO) has earned an average recommendation of “Hold” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. Two 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 twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $42.36.

Several brokerages have issued reports on VSCO. TD Cowen raised their price objective on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Jefferies Financial Group lifted their price target on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Telsey Advisory Group decreased their price objective on Victoria’s Secret & Co. from $50.00 to $40.00 and set a “market perform” rating on the stock in a report on Thursday. Bank of America reduced their target price on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research report on Thursday. Finally, Morgan Stanley decreased their price target on shares of Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st.

Victoria’s Secret & Co. Stock Down 1.5 %

VSCO stock opened at $36.22 on Friday. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.73. The business’s 50 day simple moving average is $40.65 and its 200 day simple moving average is $30.67. 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 firm has a market capitalization of $2.85 billion, a PE ratio of 18.77, a PEG ratio of 2.11 and a beta of 2.14.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, beating the consensus estimate of ($0.62) by $0.12. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates 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 revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.86) earnings per share. As a group, research analysts anticipate that Victoria’s Secret & Co. will post 2.34 EPS for the current year.

Institutional Trading of Victoria’s Secret & Co.

Several large investors have recently made changes to their positions in VSCO. New York State Common Retirement Fund lifted its stake in Victoria’s Secret & Co. by 4.4% during the fourth quarter. New York State Common Retirement Fund now owns 26,478 shares of the company’s stock worth $1,097,000 after purchasing an additional 1,117 shares during the last quarter. CIBC Asset Management Inc bought a new stake in shares of Victoria’s Secret & Co. during the 4th quarter worth $311,000. Principal Financial Group Inc. boosted its stake in Victoria’s Secret & Co. by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 381,419 shares of the company’s stock valued at $15,798,000 after buying an additional 11,909 shares in the last quarter. FengHe Fund Management Pte. Ltd. bought a new position in Victoria’s Secret & Co. in the fourth quarter valued at about $2,435,000. Finally, State of New Jersey Common Pension Fund D acquired a new position in Victoria’s Secret & Co. during the fourth quarter worth about $2,399,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

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.