Victoria’s Secret & Co. (NYSE:VSCO) Upgraded by Barclays to Equal Weight

Barclays upgraded shares of Victoria’s Secret & Co. (NYSE:VSCO) from an underweight rating to an equal weight rating in a research note issued to investors on Wednesday, Marketbeat reports. They currently have $25.00 price target on the stock, up from their prior price target of $23.00.

VSCO has been the subject of several other reports. TD Cowen upped their price target on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a hold rating in a research report on Friday, August 30th. BMO Capital Markets increased their target price on shares of Victoria’s Secret & Co. from $26.00 to $29.00 and gave the stock an outperform rating in a report on Thursday, August 29th. Bank of America increased their target price on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an underperform rating in a report on Friday, August 30th. Wells Fargo & Company increased their target price on shares of Victoria’s Secret & Co. from $28.00 to $30.00 and gave the stock an overweight rating in a report on Thursday, August 29th. Finally, The Goldman Sachs Group increased their target price on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a sell rating in a report on Friday, August 30th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $23.60.

Victoria’s Secret & Co. Stock Performance

NYSE VSCO opened at $25.59 on Wednesday. The company has a 50-day simple moving average of $21.28 and a two-hundred day simple moving average of $19.80. 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. has a 12-month low of $13.62 and a 12-month high of $30.80. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 19.68 and a beta of 2.13.

Victoria’s Secret & Co. (NYSE:VSCO) last posted 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 net margin of 2.25% and a return on equity of 44.06%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. On average, equities analysts forecast that Victoria’s Secret & Co. will post 1.98 EPS for the current year.

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

A number of institutional investors have recently bought and sold shares of VSCO. Russell Investments Group Ltd. raised its stake in 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 worth $382,000 after buying an additional 3,879 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Victoria’s Secret & Co. by 18.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,192,532 shares of the company’s stock valued at $31,650,000 after purchasing an additional 188,384 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Victoria’s Secret & Co. by 24.3% during the fourth quarter. Quadrant Capital Group LLC now owns 4,037 shares of the company’s stock valued at $107,000 after purchasing an additional 790 shares in the last quarter. Norges Bank bought a new position in shares of Victoria’s Secret & Co. during the fourth quarter valued at approximately $8,986,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Victoria’s Secret & Co. during the fourth quarter valued at approximately $306,000. 90.29% of the stock is owned by institutional investors.

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.