Victoria’s Secret & Co. (NYSE:VSCO) Upgraded at Barclays

Barclays upgraded shares of Victoria’s Secret & Co. (NYSE:VSCO) from an equal weight rating to an overweight rating in a report published on Tuesday, MarketBeat Ratings reports. The firm currently has $53.00 price target on the stock, up from their prior price target of $51.00.

Several other research firms also recently commented on VSCO. Morgan Stanley dropped their price target on shares of Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Jefferies Financial Group upped their price target on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. UBS Group raised Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and increased their price target for the company from $18.00 to $47.00 in a research report on Tuesday, December 10th. TD Cowen boosted their price objective on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $45.00 price target (up previously from $33.00) on shares of Victoria’s Secret & Co. in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $42.36.

Victoria’s Secret & Co. Price Performance

VSCO stock opened at $36.84 on Tuesday. The business’s fifty day moving average price is $40.67 and its 200 day moving average price is $30.54. Victoria’s Secret & Co. has a 12-month low of $15.12 and a 12-month high of $48.73. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The company has a market capitalization of $2.90 billion, a PE ratio of 19.09, a P/E/G ratio of 2.28 and a beta of 2.14.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the firm earned ($0.86) earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Victoria’s Secret & Co. will post 2.31 EPS for the current year.

Institutional Trading of Victoria’s Secret & Co.

A number of large investors have recently made changes to their positions in the company. Virtus Fund Advisers LLC purchased a new stake in Victoria’s Secret & Co. in the third quarter valued at approximately $27,000. Blue Trust Inc. boosted its stake in Victoria’s Secret & Co. by 741.4% during the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after purchasing an additional 1,505 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Victoria’s Secret & Co. during the 2nd quarter worth $50,000. Quarry LP increased its stake in Victoria’s Secret & Co. by 126.6% in the second quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after purchasing an additional 1,764 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Victoria’s Secret & Co. by 109.5% in the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after buying an additional 1,652 shares during the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.