Victoria’s Secret & Co. (NYSE:VSCO) Receives Average Rating of “Reduce” from Brokerages

Victoria’s Secret & Co. (NYSE:VSCO) has been assigned an average recommendation of “Reduce” from the ten research firms that are currently covering the firm, Marketbeat.com reports. Three research 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 twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $23.60.

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group upped their price objective on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, August 30th. TD Cowen upped their price target on 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 price objective on Victoria’s Secret & Co. from $26.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Morgan Stanley boosted their target price on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Finally, 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 research report on Friday, August 30th.

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

A number of institutional investors have recently modified their holdings of VSCO. Norges Bank bought a new position in Victoria’s Secret & Co. in the 4th quarter valued at $8,986,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Victoria’s Secret & Co. in the 4th quarter valued at approximately $306,000. PNC Financial Services Group Inc. increased its stake in Victoria’s Secret & Co. by 5.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company’s stock valued at $297,000 after purchasing an additional 628 shares in the last quarter. Trexquant Investment LP acquired a new stake in Victoria’s Secret & Co. in the fourth quarter worth $561,000. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of Victoria’s Secret & Co. in the 4th quarter valued at $221,000. 90.29% of the stock is owned by institutional investors.

Victoria’s Secret & Co. Stock Up 0.9 %

VSCO opened at $26.04 on Friday. The company has a market capitalization of $2.04 billion, a P/E ratio of 20.03 and a beta of 2.13. 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’s fifty day moving average price is $22.05 and its two-hundred day moving average price is $19.97. Victoria’s Secret & Co. has a fifty-two week low of $13.62 and a fifty-two week high of $30.80.

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, beating the consensus estimate of $0.38 by $0.02. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. On average, analysts anticipate that Victoria’s Secret & Co. will post 1.98 EPS for the current 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.