Victoria’s Secret & Co. (NYSE:VSCO) Receives Average Recommendation of “Hold” from Brokerages

Victoria’s Secret & Co. (NYSE:VSCO) has received a consensus rating of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $36.73.

VSCO has been the topic of several recent research reports. Jefferies Financial Group raised their price target on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. TD Cowen boosted their price target on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a report on Monday, December 9th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $45.00 price objective (up previously from $33.00) on shares of Victoria’s Secret & Co. in a report on Monday, December 9th. Telsey Advisory Group reissued a “market perform” rating and set a $40.00 target price on shares of Victoria’s Secret & Co. in a research note on Friday, December 6th. Finally, Morgan Stanley raised their price target on shares of Victoria’s Secret & Co. from $23.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th.

Victoria’s Secret & Co. Stock Up 3.6 %

VSCO stock opened at $41.86 on Tuesday. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 2.88 and a beta of 2.19. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.73. The firm has a fifty day moving average price of $39.22 and a two-hundred day moving average price of $28.00. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.31.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, beating the consensus estimate of ($0.62) by $0.12. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.86) EPS. Research analysts predict that Victoria’s Secret & Co. will post 2.31 EPS for the current year.

Institutional Trading of Victoria’s Secret & Co.

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its position in Victoria’s Secret & Co. by 10.3% in the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock worth $144,000 after buying an additional 326 shares during the last quarter. Castellan Group bought a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter worth $6,218,000. Sanctuary Advisors LLC raised its position in shares of Victoria’s Secret & Co. by 3.3% during the third quarter. Sanctuary Advisors LLC now owns 51,139 shares of the company’s stock worth $1,314,000 after purchasing an additional 1,617 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Victoria’s Secret & Co. by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock valued at $46,121,000 after purchasing an additional 24,967 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Victoria’s Secret & Co. in the 3rd quarter valued at $768,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

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.