Victoria’s Secret & Co. (NYSE:VSCO) Reaches New 12-Month High – What’s Next?

Victoria’s Secret & Co. (NYSE:VSCO)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $33.19 and last traded at $32.94, with a volume of 42925 shares traded. The stock had previously closed at $32.36.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VSCO. Wells Fargo & Company boosted their price objective on Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Telsey Advisory Group restated a “market perform” rating and issued a $27.00 price objective on shares of Victoria’s Secret & Co. in a research report on Thursday, October 17th. Barclays upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $23.00 to $25.00 in a report on Wednesday, September 18th. Bank of America upped their price target on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research report on Friday, August 30th. Finally, The Goldman Sachs Group raised 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. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $24.30.

Victoria’s Secret & Co. Stock Up 1.5 %

The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. The firm has a market capitalization of $2.58 billion, a P/E ratio of 19.38 and a beta of 2.10. The company’s 50-day simple moving average is $25.99 and its two-hundred day simple moving average is $21.70.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. As a group, research analysts expect that Victoria’s Secret & Co. will post 1.96 earnings per share for the current year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Several large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in shares of Victoria’s Secret & Co. by 741.4% in 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Victoria’s Secret & Co. in the 2nd quarter worth $50,000. Quarry LP increased its stake in Victoria’s Secret & Co. by 126.6% in the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after buying an additional 1,764 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 valued at $81,000 after acquiring an additional 1,652 shares during the period. Finally, Carolina Wealth Advisors LLC purchased a new position in shares of Victoria’s Secret & Co. in the third quarter valued at about $92,000. Hedge funds and other 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.