Victoria’s Secret & Co. (NYSE:VSCO) Price Target Increased to $18.00 by Analysts at Bank of America

Victoria’s Secret & Co. (NYSE:VSCO) had its price target increased by Bank of America from $15.00 to $18.00 in a research report sent to investors on Thursday, Benzinga reports. Bank of America currently has an underperform rating on the stock.

A number of other equities analysts have also commented on the company. Morgan Stanley raised Victoria’s Secret & Co. from an underweight rating to an equal weight rating in a research note on Wednesday. Telsey Advisory Group restated a market perform rating and issued a $20.00 target price on shares of Victoria’s Secret & Co. in a report on Thursday, June 6th. The Goldman Sachs Group boosted their price objective on Victoria’s Secret & Co. from $15.00 to $17.00 and gave the stock a sell rating in a research note on Thursday. Barclays lifted their target price 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. Finally, JPMorgan Chase & Co. raised their price target on 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. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Victoria’s Secret & Co. presently has a consensus rating of Hold and a consensus target price of $19.80.

Victoria’s Secret & Co. Price Performance

VSCO traded down $0.33 during trading on Thursday, reaching $24.04. 1,574,225 shares of the company traded hands, compared to its average volume of 2,871,141. The company has a market cap of $1.88 billion, a P/E ratio of 18.62, a PEG ratio of 1.34 and a beta of 2.08. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.28 and a current ratio of 0.97. Victoria’s Secret & Co. has a 12-month low of $13.62 and a 12-month high of $30.80. The firm has a fifty day simple moving average of $18.25 and a 200 day simple moving average of $20.60.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its earnings results on Wednesday, June 5th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Victoria’s Secret & Co. had a net margin of 1.71% and a return on equity of 46.52%. Victoria’s Secret & Co.’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the company posted $0.28 earnings per share. On average, equities analysts forecast that Victoria’s Secret & Co. will post 1.76 EPS for the current year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

A number of institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC grew its holdings in Victoria’s Secret & Co. by 102.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock worth $47,864,000 after acquiring an additional 1,368,103 shares in the last quarter. Bayberry Capital Partners LP purchased a new position in shares of Victoria’s Secret & Co. in the 1st quarter valued at $11,919,000. Marshall Wace LLP increased its holdings in shares of Victoria’s Secret & Co. by 1,218.1% in the 2nd quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock valued at $10,924,000 after acquiring an additional 571,295 shares during the period. Lombard Odier Asset Management USA Corp raised its position in shares of Victoria’s Secret & Co. by 102.3% in the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock worth $204,000 after acquiring an additional 511,573 shares in the last quarter. Finally, Norges Bank bought a new stake in Victoria’s Secret & Co. during the fourth quarter valued at about $8,986,000. 90.29% of the stock is owned by hedge funds and other 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.