Analysts Set Victoria’s Secret & Co. (NYSE:VSCO) PT at $37.55

Victoria’s Secret & Co. (NYSE:VSCO) has been given an average recommendation of “Hold” by the eleven brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $40.09.

A number of research firms have recently issued reports on VSCO. Jefferies Financial Group lifted their price objective on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. BMO Capital Markets lifted their price objective on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. 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. Morgan Stanley decreased their price objective on shares of Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Finally, 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.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its position in Victoria’s Secret & Co. by 31,597.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 91,290 shares of the company’s stock worth $3,690,000 after acquiring an additional 91,002 shares in the last quarter. TriaGen Wealth Management LLC purchased a new position in Victoria’s Secret & Co. during the 4th quarter valued at about $713,000. Oliver Luxxe Assets LLC purchased a new position in Victoria’s Secret & Co. during the 4th quarter valued at about $1,963,000. Nisa Investment Advisors LLC grew its stake in Victoria’s Secret & Co. by 23.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,283 shares of the company’s stock valued at $716,000 after acquiring an additional 3,277 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in Victoria’s Secret & Co. during the 4th quarter valued at about $206,000. 90.29% of the stock is currently owned by institutional investors.

Victoria’s Secret & Co. Trading Down 4.7 %

Shares of VSCO stock opened at $36.11 on Friday. The firm’s 50-day simple moving average is $40.63 and its 200-day simple moving average is $30.50. The firm has a market cap of $2.84 billion, a P/E ratio of 18.71, a PEG ratio of 2.28 and a beta of 2.14. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.73. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.12. The company had revenue of $1.35 billion for 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 business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.86) earnings per share. As a group, equities analysts forecast that Victoria’s Secret & Co. will post 2.31 EPS for the current year.

About Victoria’s Secret & Co.

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.