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

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have been given a consensus recommendation of “Reduce” by the ten ratings firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $23.40.

A number of research firms have commented on VSCO. Bank of America raised their price target on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a report on Friday. The Goldman Sachs Group boosted their price target on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Friday. Wells Fargo & Company upped their price target on Victoria’s Secret & Co. from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of Victoria’s Secret & Co. from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday, May 17th. Finally, BMO Capital Markets upped their target price on shares of Victoria’s Secret & Co. from $26.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday.

Victoria’s Secret & Co. Trading Down 2.1 %

Victoria’s Secret & Co. stock opened at $23.46 on Wednesday. Victoria’s Secret & Co. has a 12-month low of $13.62 and a 12-month high of $30.80. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 18.05, a P/E/G ratio of 1.26 and a beta of 2.08. The firm has a 50 day moving average of $19.49 and a 200 day moving average of $20.23. The company has a current ratio of 0.97, a quick ratio of 0.28 and a debt-to-equity ratio of 2.51.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data 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. The firm 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 2.25% and a return on equity of 47.61%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 earnings per share. As a group, research analysts predict that Victoria’s Secret & Co. will post 2.03 earnings per share for the current year.

Institutional Trading of Victoria’s Secret & Co.

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC purchased a new position in Victoria’s Secret & Co. in the fourth quarter worth about $41,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Victoria’s Secret & Co. during the 2nd quarter valued at approximately $50,000. Quarry LP raised its holdings in Victoria’s Secret & Co. by 126.6% during the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after buying an additional 1,764 shares during the period. Frazier Financial Advisors LLC purchased a new stake in Victoria’s Secret & Co. during the 4th quarter valued at $76,000. Finally, Quadrant Capital Group LLC lifted its position in Victoria’s Secret & Co. by 24.3% in the fourth quarter. Quadrant Capital Group LLC now owns 4,037 shares of the company’s stock worth $107,000 after buying an additional 790 shares during the last quarter. 90.29% of the stock is currently owned by 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.