Victoria’s Secret & Co. (NYSE:VSCO) Price Target Cut to $40.00 by Analysts at Telsey Advisory Group

Victoria’s Secret & Co. (NYSE:VSCOGet Free Report) had its price objective lowered by analysts at Telsey Advisory Group from $50.00 to $40.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s price target points to a potential upside of 10.79% from the stock’s current price.

Several other research firms have also recently issued reports on VSCO. JPMorgan Chase & Co. raised Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $29.00 to $45.00 in a research note on Monday, December 9th. BMO Capital Markets raised their price objective 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. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $45.00 target price (up previously from $33.00) on shares of Victoria’s Secret & Co. in a research note on Monday, December 9th. UBS Group upgraded shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and lifted their price target for the company from $18.00 to $47.00 in a research report on Tuesday, December 10th. Finally, Morgan Stanley decreased their price objective on shares of Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.09.

View Our Latest Report on Victoria’s Secret & Co.

Victoria’s Secret & Co. Stock Down 4.7 %

Shares of NYSE:VSCO opened at $36.11 on Thursday. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The business has a fifty day moving average of $40.63 and a two-hundred day moving average of $30.50. The stock has a market cap of $2.84 billion, a P/E ratio of 18.71, a PEG ratio of 2.28 and a beta of 2.14.

Victoria’s Secret & Co. (NYSE:VSCOGet Free Report) last issued its earnings results on Thursday, December 5th. The company reported ($0.50) 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 the consensus estimate of $1.29 billion. During the same period in the previous year, the firm earned ($0.86) earnings per share. Victoria’s Secret & Co.’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, research analysts expect that Victoria’s Secret & Co. will post 2.31 earnings per share for the current year.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Victoria’s Secret & Co. by 10.3% in the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock valued at $144,000 after acquiring an additional 326 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Victoria’s Secret & Co. by 1.0% in the third quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock valued at $1,079,000 after purchasing an additional 412 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Victoria’s Secret & Co. by 13.6% during the third 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 last quarter. Virtus Fund Advisers LLC purchased a new stake in shares of Victoria’s Secret & Co. during the third quarter worth approximately $27,000. Finally, Blue Trust Inc. lifted its holdings 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 worth $44,000 after purchasing an additional 1,505 shares during the period. Hedge funds and other institutional investors own 90.29% of the company’s stock.

About Victoria’s Secret & Co.

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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.

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Analyst Recommendations for Victoria's Secret & Co. (NYSE:VSCO)

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