Victoria’s Secret & Co. (NYSE:VSCO) PT Raised to $29.00 at BMO Capital Markets

Victoria’s Secret & Co. (NYSE:VSCO) had its price target boosted by research analysts at BMO Capital Markets from $26.00 to $29.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 20.98% from the company’s previous close.

A number of other equities research analysts also recently weighed in on VSCO. Wells Fargo & Company boosted their price target on shares of Victoria’s Secret & Co. from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday. Morgan Stanley raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, August 14th. Telsey Advisory Group boosted their price target on shares of Victoria’s Secret & Co. from $24.00 to $27.00 and gave the stock a “market perform” rating in a research note on Thursday. Bank of America boosted their price target on shares of Victoria’s Secret & Co. from $15.00 to $18.00 and gave the stock an “underperform” rating in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Victoria’s Secret & Co. from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Friday, May 17th. Five analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.60.

Victoria’s Secret & Co. Price Performance

Shares of NYSE VSCO traded down $0.91 during trading on Thursday, reaching $23.97. The company had a trading volume of 1,668,688 shares, compared to its average volume of 2,857,703. Victoria’s Secret & Co. has a 52 week low of $13.62 and a 52 week high of $30.80. The stock has a market cap of $1.88 billion, a PE ratio of 18.44, a PEG ratio of 1.30 and a beta of 2.08. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.28 and a current ratio of 0.97. The business’s 50 day moving average price is $19.26 and its 200-day moving average price is $20.38.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its 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 net margin of 1.71% and a return on equity of 46.52%. Analysts expect that Victoria’s Secret & Co. will post 1.97 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VSCO. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Victoria’s Secret & Co. by 15.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,625 shares of the company’s stock valued at $441,000 after buying an additional 2,286 shares during the period. CWM LLC boosted its holdings in shares of Victoria’s Secret & Co. by 289.3% in the fourth quarter. CWM LLC now owns 6,365 shares of the company’s stock valued at $169,000 after buying an additional 4,730 shares during the period. GAMMA Investing LLC acquired a new position in shares of Victoria’s Secret & Co. in the fourth quarter valued at approximately $41,000. Russell Investments Group Ltd. boosted its holdings in shares of Victoria’s Secret & Co. by 36.8% in the fourth quarter. Russell Investments Group Ltd. now owns 14,409 shares of the company’s stock valued at $382,000 after buying an additional 3,879 shares during the period. Finally, River Global Investors LLP lifted its position in shares of Victoria’s Secret & Co. by 18.1% in the fourth quarter. River Global Investors LLP now owns 43,697 shares of the company’s stock worth $1,160,000 after purchasing an additional 6,694 shares in the last quarter. Institutional investors and hedge funds 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.