Victoria’s Secret & Co. (NYSE:VSCO) Given Average Rating of “Reduce” by Analysts

Victoria’s Secret & Co. (NYSE:VSCO) has earned a consensus rating of “Reduce” from the ten analysts that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $21.27.

A number of equities analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, March 7th. BMO Capital Markets lowered their price target on Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Thursday, March 7th. Telsey Advisory Group lowered their price target on Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating for the company in a report on Thursday, March 7th. The Goldman Sachs Group started coverage on Victoria’s Secret & Co. in a report on Thursday, April 25th. They issued a “sell” rating and a $14.00 price target for the company. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $15.00 price target (down from $22.00) on shares of Victoria’s Secret & Co. in a report on Thursday, March 7th.

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

Several large investors have recently modified their holdings of the stock. UBS Group AG raised its stake in shares of Victoria’s Secret & Co. by 3.0% during the fourth quarter. UBS Group AG now owns 3,421,898 shares of the company’s stock worth $90,817,000 after purchasing an additional 98,882 shares during the last quarter. AQR Capital Management LLC grew its holdings in Victoria’s Secret & Co. by 4.3% during the third quarter. AQR Capital Management LLC now owns 1,495,863 shares of the company’s stock worth $24,951,000 after acquiring an additional 61,693 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Victoria’s Secret & Co. by 18.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,192,532 shares of the company’s stock worth $31,650,000 after acquiring an additional 188,384 shares during the period. Kettle Hill Capital Management LLC acquired a new position in Victoria’s Secret & Co. during the third quarter worth $18,645,000. Finally, Invesco Ltd. grew its holdings in Victoria’s Secret & Co. by 4.2% during the third quarter. Invesco Ltd. now owns 660,005 shares of the company’s stock worth $11,009,000 after acquiring an additional 26,412 shares during the period. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

NYSE VSCO opened at $17.47 on Thursday. The company has a market cap of $1.36 billion, a P/E ratio of 12.85, a P/E/G ratio of 1.13 and a beta of 2.07. 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 stock has a 50-day moving average of $20.47 and a two-hundred day moving average of $22.69. Victoria’s Secret & Co. has a 1-year low of $13.62 and a 1-year high of $30.80.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.09 billion. As a group, analysts anticipate that Victoria’s Secret & Co. will post 1.67 EPS for the current year.

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.