Brokerages Set Victoria’s Secret & Co. (NYSE:VSCO) PT at $23.60

Victoria’s Secret & Co. (NYSE:VSCO) has been given an average recommendation of “Reduce” by the ten research firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $24.30.

Several research analysts have weighed in on VSCO shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.00 target price on shares of Victoria’s Secret & Co. in a research report on Thursday, October 17th. Wells Fargo & Company upped their price target on Victoria’s Secret & Co. from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday. The Goldman Sachs Group upped their price target on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a research note on Friday, August 30th. Morgan Stanley upped their price target on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Finally, TD Cowen upped their price target on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, August 30th.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO stock opened at $28.56 on Thursday. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $30.80. The stock’s 50-day moving average is $24.57 and its two-hundred day moving average is $20.78. The firm has a market cap of $2.24 billion, a P/E ratio of 16.60 and a beta of 2.14.

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

Institutional Trading of Victoria’s Secret & Co.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its stake in Victoria’s Secret & Co. by 741.4% during the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after purchasing an additional 1,505 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Victoria’s Secret & Co. during the second quarter worth about $50,000. Quarry LP lifted its stake in 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. GAMMA Investing LLC lifted its stake in 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. Finally, Carolina Wealth Advisors LLC bought a new position in Victoria’s Secret & Co. during the third quarter worth about $92,000. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

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.