Victoria’s Secret & Co. (NYSE:VSCO) Hits New 52-Week High – What’s Next?

Victoria’s Secret & Co. (NYSE:VSCO)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $31.02 and last traded at $30.75, with a volume of 1303040 shares trading hands. The stock had previously closed at $28.98.

Analysts Set New Price Targets

VSCO has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price objective 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. Morgan Stanley boosted their price objective 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. Telsey Advisory Group reiterated 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. TD Cowen boosted their price target on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Finally, Wells Fargo & Company lifted their price objective on Victoria’s Secret & Co. from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.30.

Victoria’s Secret & Co. Stock Performance

The stock has a market cap of $2.41 billion, a P/E ratio of 16.85 and a beta of 2.14. The company has a fifty day moving average of $25.37 and a 200 day moving average of $21.26. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31.

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, topping 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 firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. On average, equities analysts predict that Victoria’s Secret & Co. will post 1.96 earnings per share for the current fiscal year.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Natixis grew its holdings in shares of Victoria’s Secret & Co. by 1,100,000.0% during the 1st quarter. Natixis now owns 275,025 shares of the company’s stock valued at $5,330,000 after acquiring an additional 275,000 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in Victoria’s Secret & Co. during the 2nd quarter worth $589,000. Aristeia Capital L.L.C. acquired a new position in shares of Victoria’s Secret & Co. during the second quarter valued at about $1,171,000. Alpha DNA Investment Management LLC acquired a new position in shares of Victoria’s Secret & Co. during the second quarter valued at about $408,000. Finally, Bank of New York Mellon Corp raised its position in Victoria’s Secret & Co. by 16.4% in the second quarter. Bank of New York Mellon Corp now owns 652,439 shares of the company’s stock worth $11,529,000 after purchasing an additional 91,712 shares in the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

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.