Victoria’s Secret & Co. (NYSE:VSCO) Sets New 1-Year High – What’s Next?

Shares of Victoria’s Secret & Co. (NYSE:VSCO) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $33.19 and last traded at $32.94, with a volume of 42925 shares changing hands. The stock had previously closed at $32.36.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. TD Cowen upped their target price on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a report on Friday, August 30th. Morgan Stanley upped their price objective on 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. Barclays upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $23.00 to $25.00 in a research note on Wednesday, September 18th. 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 note on Thursday, October 17th. Finally, Bank of America upped their price objective on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research note on Friday, August 30th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Victoria’s Secret & Co. presently has a consensus rating of “Hold” and an average target price of $24.78.

Victoria’s Secret & Co. Trading Up 0.4 %

The stock has a market cap of $2.83 billion, a P/E ratio of 20.84 and a beta of 2.10. The firm’s fifty day moving average price is $26.40 and its two-hundred day moving average price is $21.87. 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 released its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. As a group, equities research analysts forecast that Victoria’s Secret & Co. will post 1.96 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VSCO. Blue Trust Inc. grew its stake in shares of Victoria’s Secret & Co. by 741.4% during 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. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Victoria’s Secret & Co. during the second quarter valued at about $50,000. Quarry LP grew its stake in shares of Victoria’s Secret & Co. by 126.6% during the second quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after buying an additional 1,764 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Victoria’s Secret & Co. by 109.5% during 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. Finally, Carolina Wealth Advisors LLC bought a new position in shares of Victoria’s Secret & Co. during the third quarter valued at about $92,000. 90.29% of the stock is owned by 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.