Brokerages Set Victoria’s Secret & Co. (NYSE:VSCO) Target Price at $18.50

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have received an average recommendation of “Reduce” from the ten research firms that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $18.50.

VSCO has been the subject of several recent research reports. Morgan Stanley downgraded Victoria’s Secret & Co. from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $19.00 to $15.00 in a research note on Monday, May 6th. Barclays increased their price target on Victoria’s Secret & Co. from $16.00 to $19.00 and gave the stock an “underweight” rating in a report on Friday, June 7th. JPMorgan Chase & Co. raised their price objective on shares of Victoria’s Secret & Co. from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Friday, May 17th. The Goldman Sachs Group began coverage on shares of Victoria’s Secret & Co. in a research note on Thursday, April 25th. They set a “sell” rating and a $14.00 target price on the stock. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $20.00 price target on shares of Victoria’s Secret & Co. in a research note on Thursday, June 6th.

Victoria’s Secret & Co. Price Performance

Victoria’s Secret & Co. stock traded up $0.70 during midday trading on Friday, reaching $19.77. The company’s stock had a trading volume of 1,767,562 shares, compared to its average volume of 2,806,302. The company has a current ratio of 0.97, a quick ratio of 0.28 and a debt-to-equity ratio of 2.51. The stock has a market cap of $1.55 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 1.10 and a beta of 2.08. Victoria’s Secret & Co. has a 52 week low of $13.62 and a 52 week high of $30.80. The business has a 50-day moving average price of $18.36 and a 200-day moving average price of $20.70.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion. Victoria’s Secret & Co. had a net margin of 1.71% and a return on equity of 46.52%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.28 EPS. On average, sell-side analysts predict that Victoria’s Secret & Co. will post 1.72 EPS for the current year.

Institutional Trading of Victoria’s Secret & Co.

A number of hedge funds have recently bought and sold shares of the business. Treasurer of the State of North Carolina boosted its stake in Victoria’s Secret & Co. by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 34,163 shares of the company’s stock valued at $907,000 after acquiring an additional 340 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in shares of Victoria’s Secret & Co. by 1.2% in the fourth quarter. SummerHaven Investment Management LLC now owns 36,428 shares of the company’s stock valued at $967,000 after buying an additional 422 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Victoria’s Secret & Co. by 5.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company’s stock valued at $297,000 after buying an additional 628 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Victoria’s Secret & Co. by 24.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,037 shares of the company’s stock worth $107,000 after acquiring an additional 790 shares during the period. Finally, Louisiana State Employees Retirement System increased its holdings in Victoria’s Secret & Co. by 2.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock worth $696,000 after acquiring an additional 1,000 shares during the last quarter. 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.