Jefferies Financial Group Raises Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $40.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective lifted by Jefferies Financial Group from $30.00 to $40.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently commented on the stock. BMO Capital Markets boosted their price objective on shares of 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. Bank of America increased their price objective on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a report on Friday, August 30th. Morgan Stanley upped their target price on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. TD Cowen raised their target price on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a report on Friday, August 30th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $27.00 target price on shares of Victoria’s Secret & Co. in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $26.30.

Victoria’s Secret & Co. Price Performance

Shares of NYSE:VSCO opened at $36.68 on Tuesday. The company’s fifty day moving average is $27.87 and its two-hundred day moving average is $22.64. The company has a market cap of $2.88 billion, a P/E ratio of 21.33 and a beta of 2.10. Victoria’s Secret & Co. has a 12-month low of $15.12 and a 12-month high of $37.62. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share 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 firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. Equities analysts expect 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 hedge funds have recently modified their holdings of the company. Texas Permanent School Fund Corp increased its position in shares of Victoria’s Secret & Co. by 1.8% during the first quarter. Texas Permanent School Fund Corp now owns 67,770 shares of the company’s stock valued at $1,313,000 after purchasing an additional 1,205 shares during the period. SG Americas Securities LLC raised its stake in shares of Victoria’s Secret & Co. by 47.2% in the 1st quarter. SG Americas Securities LLC now owns 14,077 shares of the company’s stock valued at $273,000 after buying an additional 4,514 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Victoria’s Secret & Co. by 4.8% during the 1st quarter. Illinois Municipal Retirement Fund now owns 49,295 shares of the company’s stock worth $955,000 after acquiring an additional 2,238 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of Victoria’s Secret & Co. by 6.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 84,365 shares of the company’s stock valued at $1,635,000 after acquiring an additional 4,851 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in Victoria’s Secret & Co. by 43.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,146 shares of the company’s stock valued at $744,000 after acquiring an additional 12,110 shares during the period. 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.