Victoria’s Secret & Co. (NYSE:VSCO) Receives $22.00 Consensus PT from Brokerages

Victoria’s Secret & Co. (NYSE:VSCO) has earned an average rating of “Reduce” from the ten research firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $21.27.

A number of brokerages have weighed in on VSCO. Wells Fargo & Company reduced their target price on Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, March 7th. BMO Capital Markets decreased their target price on Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $15.00 target price (down previously from $22.00) on shares of Victoria’s Secret & Co. in a report on Thursday, March 7th. Telsey Advisory Group reduced their price target on shares of Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, March 7th. Finally, The Goldman Sachs Group began coverage on shares of Victoria’s Secret & Co. in a research report on Thursday. They set a “sell” rating and a $14.00 price objective for the company.

Victoria’s Secret & Co. Stock Performance

Shares of NYSE VSCO opened at $17.43 on Thursday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.34. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 1.08 and a beta of 2.07. The stock’s fifty day moving average price is $20.93 and its two-hundred day moving average price is $22.60. Victoria’s Secret & Co. has a one year low of $13.62 and a one year high of $31.39.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.12. Victoria’s Secret & Co. had a return on equity of 56.40% and a net margin of 1.77%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.09 billion. On average, equities analysts forecast that Victoria’s Secret & Co. will post 1.67 EPS for the current year.

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

A number of hedge funds have recently added to or reduced their stakes in the business. CWM LLC increased its stake in Victoria’s Secret & Co. by 126.8% in the third quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $27,000 after purchasing an additional 914 shares in the last quarter. GAMMA Investing LLC bought a new stake in Victoria’s Secret & Co. in the 4th quarter valued at about $41,000. Systematic Alpha Investments LLC acquired a new position in Victoria’s Secret & Co. during the 3rd quarter worth approximately $58,000. Harvest Fund Management Co. Ltd bought a new position in Victoria’s Secret & Co. in the fourth quarter worth approximately $58,000. Finally, NBC Securities Inc. acquired a new stake in Victoria’s Secret & Co. in the third quarter valued at approximately $74,000. 90.29% of the stock is currently owned by institutional investors.

About Victoria’s Secret & Co.

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.