Victoria’s Secret & Co. (NYSE:VSCO) Given Consensus Rating of “Reduce” by Analysts

Victoria’s Secret & Co. (NYSE:VSCO) has been given a consensus recommendation of “Reduce” by the ten ratings firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $23.40.

Several research firms recently commented on VSCO. The Goldman Sachs Group raised their target price on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, August 30th. Wells Fargo & Company lifted their price objective on Victoria’s Secret & Co. from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Telsey Advisory Group upped their target price on shares of Victoria’s Secret & Co. from $24.00 to $27.00 and gave the stock a “market perform” rating in a report on Thursday, August 29th. Barclays lifted their price target on shares of Victoria’s Secret & Co. from $19.00 to $23.00 and gave the company an “underweight” rating in a report on Friday, August 30th. Finally, Bank of America boosted their price target on shares of 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.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VSCO. UBS Group AG increased its stake in shares of Victoria’s Secret & Co. by 3.0% in the 4th quarter. UBS Group AG now owns 3,421,898 shares of the company’s stock valued at $90,817,000 after buying an additional 98,882 shares during the period. AQR Capital Management LLC boosted its holdings in Victoria’s Secret & Co. by 102.0% in the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock valued at $47,864,000 after acquiring an additional 1,368,103 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Victoria’s Secret & Co. by 16.1% in the second quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock valued at $32,834,000 after acquiring an additional 258,059 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Victoria’s Secret & Co. by 18.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,192,532 shares of the company’s stock worth $31,650,000 after purchasing an additional 188,384 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Victoria’s Secret & Co. by 13.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 917,017 shares of the company’s stock worth $16,206,000 after purchasing an additional 109,013 shares during the last quarter. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

Shares of Victoria’s Secret & Co. stock opened at $23.43 on Wednesday. The firm has a market cap of $1.83 billion, a P/E ratio of 18.02 and a beta of 2.12. The firm’s 50-day simple moving average is $19.72 and its 200-day simple moving average is $20.14. Victoria’s Secret & Co. has a twelve month low of $13.62 and a twelve month high of $30.80. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.28 and a current ratio of 0.97.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 47.61%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the company earned $0.28 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, research analysts expect that Victoria’s Secret & Co. will post 2.03 EPS for the current fiscal year.

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.