Jefferies Financial Group Boosts Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $40.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective lifted by Jefferies Financial Group from $30.00 to $40.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also issued reports on VSCO. Barclays raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $23.00 to $25.00 in a research note on Wednesday, September 18th. TD Cowen raised their target price on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, August 30th. BMO Capital Markets upped their price target on Victoria’s Secret & Co. from $29.00 to $33.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Bank of America raised their price objective on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research note on Friday, August 30th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.00 target price on shares of Victoria’s Secret & Co. in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Victoria’s Secret & Co. has a consensus rating of “Hold” and a consensus price target of $26.30.

Victoria’s Secret & Co. Stock Performance

VSCO stock opened at $35.80 on Tuesday. The firm has a market cap of $2.81 billion, a PE ratio of 20.81 and a beta of 2.10. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27. The stock has a 50-day moving average price of $27.10 and a 200-day moving average price of $22.32. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $37.62.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. As a group, equities research analysts expect that Victoria’s Secret & Co. will post 1.96 earnings per share for the current year.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Natixis grew its stake in shares of Victoria’s Secret & Co. by 1,100,000.0% in the 1st quarter. Natixis now owns 275,025 shares of the company’s stock worth $5,330,000 after acquiring an additional 275,000 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in Victoria’s Secret & Co. in the 2nd quarter worth about $589,000. Aristeia Capital L.L.C. bought a new stake in Victoria’s Secret & Co. in the 2nd quarter worth about $1,171,000. Alpha DNA Investment Management LLC purchased a new stake in Victoria’s Secret & Co. in the 2nd quarter valued at about $408,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Victoria’s Secret & Co. by 16.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 652,439 shares of the company’s stock worth $11,529,000 after buying an additional 91,712 shares in the last quarter. 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.