Victoria’s Secret & Co. (NYSE:VSCO) Price Target Increased to $19.00 by Analysts at Barclays

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective increased by Barclays from $17.00 to $19.00 in a research note issued to investors on Thursday morning, Benzinga reports. The brokerage currently has an underweight rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Bank of America increased their target price on shares of Victoria’s Secret & Co. from $15.00 to $18.00 and gave the company an underperform rating in a research report on Thursday. The Goldman Sachs Group increased their price target on Victoria’s Secret & Co. from $15.00 to $17.00 and gave the company a sell rating in a report on Thursday. Morgan Stanley raised Victoria’s Secret & Co. from an underweight rating to an equal weight rating in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on Victoria’s Secret & Co. from $15.00 to $16.00 and gave the stock an underweight rating in a research note on Friday, May 17th. Finally, Telsey Advisory Group reissued a market perform rating and set a $24.00 price target on shares of Victoria’s Secret & Co. in a research report on Thursday. Five analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Victoria’s Secret & Co. has a consensus rating of Hold and an average price target of $19.80.

Victoria’s Secret & Co. Price Performance

NYSE VSCO traded down $0.28 on Thursday, hitting $24.09. The company had a trading volume of 2,689,823 shares, compared to its average volume of 2,878,202. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.97 and a quick ratio of 0.28. The company’s fifty day moving average price is $18.25 and its 200-day moving average price is $20.60. The company has a market capitalization of $1.89 billion, a PE ratio of 18.62, a PEG ratio of 1.34 and a beta of 2.08. Victoria’s Secret & Co. has a 12-month low of $13.62 and a 12-month high of $30.80.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Victoria’s Secret & Co. had a return on equity of 46.52% and a net margin of 1.71%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the company posted $0.28 earnings per share. The business’s revenue was down 3.4% on a year-over-year basis. As a group, analysts predict that Victoria’s Secret & Co. will post 1.76 earnings per share for the current year.

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

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC purchased a new stake in Victoria’s Secret & Co. during the 4th quarter worth approximately $41,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Victoria’s Secret & Co. in the 2nd quarter valued at approximately $50,000. Quarry LP grew its stake in shares of Victoria’s Secret & Co. by 126.6% in the second quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after acquiring an additional 1,764 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Victoria’s Secret & Co. in the 4th quarter valued at about $58,000. Finally, Frazier Financial Advisors LLC acquired a new position in Victoria’s Secret & Co. during the 4th quarter worth approximately $76,000. 90.29% of the stock is owned by institutional investors and hedge funds.

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.