Victoria’s Secret & Co. (NYSE:VSCO) Price Target Raised to $27.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective raised by JPMorgan Chase & Co. from $22.00 to $27.00 in a report released on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other research analysts have also weighed in on the stock. Wall Street Zen lowered shares of Victoria’s Secret & Co. from a “buy” rating to a “hold” rating in a research note on Friday, June 6th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $15.00 target price (up previously from $12.00) on shares of Victoria’s Secret & Co. in a report on Wednesday, May 14th. UBS Group set a $24.00 target price on shares of Victoria’s Secret & Co. and gave the stock a “neutral” rating in a report on Friday, May 23rd. Bank of America reduced their target price on shares of Victoria’s Secret & Co. from $20.00 to $18.00 and set an “underperform” rating for the company in a report on Thursday, June 12th. Finally, Morgan Stanley reaffirmed a “positive” rating on shares of Victoria’s Secret & Co. in a report on Thursday, June 12th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Victoria’s Secret & Co. has an average rating of “Hold” and a consensus target price of $25.09.

Victoria’s Secret & Co. Stock Down 2.1%

Shares of VSCO stock opened at $19.50 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.33 and a debt-to-equity ratio of 1.60. Victoria’s Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73. The firm’s fifty day moving average price is $20.13 and its two-hundred day moving average price is $23.04. The firm has a market capitalization of $1.56 billion, a P/E ratio of 9.75, a PEG ratio of 1.09 and a beta of 2.18.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Wednesday, June 11th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. Victoria’s Secret & Co. had a net margin of 2.69% and a return on equity of 37.76%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business earned $0.12 EPS. The company’s revenue was down .5% compared to the same quarter last year. On average, equities analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

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

Several large investors have recently modified their holdings of the company. Marshall Wace LLP grew its holdings in Victoria’s Secret & Co. by 481.5% in the fourth quarter. Marshall Wace LLP now owns 1,956,760 shares of the company’s stock worth $81,049,000 after purchasing an additional 1,620,256 shares during the period. Millennium Management LLC grew its holdings in Victoria’s Secret & Co. by 9,595.8% in the first quarter. Millennium Management LLC now owns 1,419,080 shares of the company’s stock worth $26,367,000 after purchasing an additional 1,404,444 shares during the period. FMR LLC grew its holdings in Victoria’s Secret & Co. by 44.7% in the fourth quarter. FMR LLC now owns 3,988,122 shares of the company’s stock worth $165,188,000 after purchasing an additional 1,231,090 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Victoria’s Secret & Co. in the fourth quarter worth $37,693,000. Finally, SRS Investment Management LLC acquired a new stake in Victoria’s Secret & Co. in the fourth quarter worth $37,011,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

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.