Brokerages Set Victoria’s Secret & Co. (NYSE:VSCO) Target Price at $45.00

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $53.30.

VSCO has been the subject of a number of research analyst reports. Wells Fargo & Company set a $45.00 target price on Victoria’s Secret & Co. and gave the company an “equal weight” rating in a report on Tuesday, December 16th. Telsey Advisory Group upgraded Victoria’s Secret & Co. from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $50.00 to $66.00 in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Victoria’s Secret & Co. in a research note on Wednesday, December 17th. JPMorgan Chase & Co. upgraded shares of Victoria’s Secret & Co. from a “neutral” rating to an “overweight” rating and increased their target price for the company from $34.00 to $60.00 in a research report on Friday, December 5th. Finally, Bank of America raised shares of Victoria’s Secret & Co. from an “underperform” rating to a “neutral” rating and set a $52.00 price target on the stock in a research note on Monday, December 8th.

Institutional Investors Weigh In On Victoria’s Secret & Co.

A number of large investors have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. purchased a new position in Victoria’s Secret & Co. during the third quarter worth approximately $201,000. Eaton Financial Holdings Company LLC increased its stake in shares of Victoria’s Secret & Co. by 33.6% in the 3rd quarter. Eaton Financial Holdings Company LLC now owns 48,764 shares of the company’s stock worth $1,323,000 after acquiring an additional 12,273 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter worth $1,769,000. Verition Fund Management LLC raised its holdings in shares of Victoria’s Secret & Co. by 32.1% during the 3rd quarter. Verition Fund Management LLC now owns 202,793 shares of the company’s stock worth $5,504,000 after acquiring an additional 49,330 shares during the period. Finally, Polymer Capital Management US LLC purchased a new position in shares of Victoria’s Secret & Co. during the 3rd quarter worth $929,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Stock Performance

VSCO opened at $55.33 on Tuesday. The firm’s fifty day simple moving average is $39.85 and its two-hundred day simple moving average is $28.66. Victoria’s Secret & Co. has a 52-week low of $13.76 and a 52-week high of $56.95. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 2.35 and a beta of 2.24. The company has a quick ratio of 0.38, a current ratio of 1.30 and a debt-to-equity ratio of 1.96.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Friday, December 5th. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.33. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.67% and a return on equity of 33.47%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.50) earnings per share. Victoria’s Secret & Co. has set its FY 2025 guidance at 2.400-2.650 EPS and its Q4 2025 guidance at 2.200-2.45 EPS. Equities analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

About Victoria’s Secret & Co.

Victoria’s Secret & Co is a leading designer, manufacturer and marketer of intimate apparel, beauty products and accessories for women. The company operates a portfolio of brands that includes Victoria’s Secret, renowned for its lingerie, bras and sleepwear; PINK, a line targeting younger consumers with activewear and lifestyle products; and Victoria’s Secret Beauty, offering fragrances, cosmetics and personal care items. Products are sold through retail stores as well as direct-to-consumer channels, including e-commerce platforms and mobile applications.

The origins of Victoria’s Secret date back to 1977, when founders Roy and Gaye Raymond opened the first store in San Francisco.