Analysts Set Victoria’s Secret & Co. (NYSE:VSCO) Target Price at $24.78

Victoria’s Secret & Co. (NYSE:VSCO) has been given an average rating of “Hold” by the ten research firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $26.30.

Several brokerages recently weighed in on VSCO. Bank of America raised their price target on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research report on Friday, August 30th. Barclays raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $23.00 to $25.00 in a research report on Wednesday, September 18th. Wells Fargo & Company raised their price target on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. TD Cowen raised their price target on shares of 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. Finally, BMO Capital Markets raised their price target on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th.

Victoria’s Secret & Co. Price Performance

Shares of NYSE VSCO opened at $36.68 on Monday. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $37.62. The company has a 50 day simple moving average of $27.87 and a two-hundred day simple moving average of $22.64. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 21.33 and a beta of 2.10. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. Analysts expect that Victoria’s Secret & Co. will post 1.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Virtus Fund Advisers LLC purchased a new position in shares of Victoria’s Secret & Co. during the 3rd quarter worth $27,000. Blue Trust Inc. boosted its stake in shares of 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 acquiring an additional 1,505 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Victoria’s Secret & Co. during the 2nd quarter worth $50,000. Quarry LP boosted its stake in shares of Victoria’s Secret & Co. by 126.6% during the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after acquiring an additional 1,764 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Victoria’s Secret & Co. by 109.5% during the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $81,000 after acquiring an additional 1,652 shares during the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

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.