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

Victoria’s Secret & Co. (NYSE:VSCO) had its target price lifted by Telsey Advisory Group from $27.00 to $40.00 in a research report report published on Wednesday morning, Marketbeat.com reports. The brokerage currently has a market perform rating on the stock.

VSCO has been the subject of several other research reports. Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $23.00 to $25.00 in a research report on Wednesday, September 18th. TD Cowen lifted 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. Jefferies Financial Group boosted their price objective on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Morgan Stanley lifted their target price on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Finally, BMO Capital Markets boosted their price objective on Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.60.

Victoria’s Secret & Co. Stock Up 1.3 %

Shares of NYSE VSCO opened at $38.00 on Wednesday. The stock has a market cap of $2.98 billion, a PE ratio of 22.09 and a beta of 2.10. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $39.39. The business has a 50-day moving average price of $29.79 and a 200 day moving average price of $23.61.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. Equities research analysts forecast that Victoria’s Secret & Co. will post 2.01 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC increased its stake in shares of Victoria’s Secret & Co. by 146.1% in the third quarter. FMR LLC now owns 2,757,032 shares of the company’s stock valued at $70,856,000 after buying an additional 1,636,602 shares in the last quarter. Forest Avenue Capital Management LP acquired a new stake in Victoria’s Secret & Co. in the third quarter worth about $40,861,000. AQR Capital Management LLC increased its position in Victoria’s Secret & Co. by 102.0% in the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock worth $47,864,000 after purchasing an additional 1,368,103 shares during the period. Marshall Wace LLP increased its position in Victoria’s Secret & Co. by 1,218.1% in the second quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock worth $10,924,000 after purchasing an additional 571,295 shares during the period. Finally, Lombard Odier Asset Management USA Corp increased its position in Victoria’s Secret & Co. by 102.3% in the second quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock worth $204,000 after purchasing an additional 511,573 shares during the period. 90.29% of the stock is owned by institutional investors.

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.