Victoria’s Secret & Co. (NYSE:VSCO) Earns “Market Perform” Rating from Telsey Advisory Group

Victoria’s Secret & Co. (NYSE:VSCO)‘s stock had its “market perform” rating reiterated by investment analysts at Telsey Advisory Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $40.00 target price on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 40.47% from the stock’s previous close.

VSCO has been the topic of several other reports. JPMorgan Chase & Co. raised shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $29.00 to $45.00 in a research note on Monday, December 9th. Wells Fargo & Company dropped their price target on shares of Victoria’s Secret & Co. from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. TD Cowen raised their price objective on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, December 9th. BMO Capital Markets boosted their target price on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, The Goldman Sachs Group reduced their price target on Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating for the company in a report on Thursday, January 30th. 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 company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $42.36.

Victoria’s Secret & Co. Price Performance

Shares of NYSE:VSCO opened at $28.48 on Wednesday. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $48.73. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 1.15 and a beta of 2.11. The company has a 50-day simple moving average of $36.74 and a 200-day simple moving average of $32.49. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.12. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the firm earned ($0.86) EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Victoria’s Secret & Co. by 741.4% in the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after buying an additional 1,505 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in Victoria’s Secret & Co. in the 3rd quarter valued at $301,000. Nisa Investment Advisors LLC raised its holdings in Victoria’s Secret & Co. by 26.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 14,006 shares of the company’s stock valued at $360,000 after acquiring an additional 2,940 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Victoria’s Secret & Co. by 13.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock worth $179,000 after purchasing an additional 835 shares during the period. Finally, Versor Investments LP acquired a new stake in shares of Victoria’s Secret & Co. during the third quarter worth $907,000. 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 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.