Victoria’s Secret & Co. (NYSE:VSCO) Upgraded to “Overweight” at JPMorgan Chase & Co.

Victoria’s Secret & Co. (NYSE:VSCO) was upgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Friday,Benzinga reports. The firm presently has a $60.00 price objective on the stock, up from their prior price objective of $34.00. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 24.37% from the stock’s previous close.

Several other brokerages have also issued reports on VSCO. UBS Group reiterated a “buy” rating on shares of Victoria’s Secret & Co. in a report on Monday, November 24th. The Goldman Sachs Group raised Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and increased their price objective for the company from $18.00 to $32.00 in a report on Monday, October 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Victoria’s Secret & Co. in a report on Thursday, October 30th. Zacks Research raised shares of Victoria’s Secret & Co. to a “hold” rating in a report on Monday, August 11th. Finally, Wall Street Zen raised shares of Victoria’s Secret & Co. from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Victoria’s Secret & Co. presently has an average rating of “Hold” and a consensus price target of $39.09.

Victoria’s Secret & Co. Price Performance

Victoria’s Secret & Co. stock traded up $6.67 during mid-day trading on Friday, reaching $48.24. The company had a trading volume of 9,539,777 shares, compared to its average volume of 3,198,266. Victoria’s Secret & Co. has a fifty-two week low of $13.76 and a fifty-two week high of $50.22. The business has a fifty day simple moving average of $33.90 and a 200 day simple moving average of $25.93. The company has a current ratio of 1.14, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. The company has a market cap of $3.87 billion, a P/E ratio of 26.81 and a beta of 2.24.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Friday, December 5th. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.33. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.42% and a return on equity of 33.77%. Victoria’s Secret & Co.’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.50) earnings per share. Victoria’s Secret & Co. has set its FY 2025 guidance at 2.400-2.650 EPS and its Q4 2025 guidance at 2.200-2.45 EPS. On average, equities research analysts predict that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Victoria’s Secret & Co. during the second quarter worth $200,000. Cramer Rosenthal Mcglynn LLC boosted its position in Victoria’s Secret & Co. by 163.0% in the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 1,406,865 shares of the company’s stock valued at $26,140,000 after buying an additional 871,968 shares during the period. Vestmark Advisory Solutions Inc. grew its stake in Victoria’s Secret & Co. by 219.3% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 55,542 shares of the company’s stock worth $1,029,000 after purchasing an additional 38,149 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Victoria’s Secret & Co. by 0.4% during the first quarter. Vanguard Group Inc. now owns 8,966,584 shares of the company’s stock worth $166,599,000 after buying an additional 38,695 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Victoria’s Secret & Co. by 13.6% during the 1st quarter. Invesco Ltd. now owns 715,836 shares of the company’s stock worth $13,300,000 after acquiring an additional 85,874 shares in the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

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.