Morgan Stanley Boosts Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $23.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective increased by Morgan Stanley from $20.00 to $23.00 in a report released on Friday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts also recently issued reports on VSCO. Bank of America upped their price objective on shares of Victoria’s Secret & Co. from $15.00 to $18.00 and gave the company an underperform rating in a research note on Thursday, August 15th. Barclays lifted their target price on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company an underweight rating in a research note on Thursday, August 15th. Telsey Advisory Group increased their price target on Victoria’s Secret & Co. from $24.00 to $27.00 and gave the stock a market perform rating in a report on Thursday. The Goldman Sachs Group lifted their target price on shares of Victoria’s Secret & Co. from $15.00 to $17.00 and gave the company a sell rating in a report on Thursday, August 15th. Finally, BMO Capital Markets boosted their target price on Victoria’s Secret & Co. from $26.00 to $29.00 and gave the stock an outperform rating in a research report on Thursday. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $23.40.

Victoria’s Secret & Co. Trading Down 2.1 %

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

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates 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 was down 3.4% on a year-over-year basis. During the same period last year, the business earned $0.28 EPS. Sell-side analysts expect that Victoria’s Secret & Co. will post 2.03 earnings per share for the current fiscal year.

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

Several hedge funds have recently modified their holdings of the company. UBS Group AG increased its stake in Victoria’s Secret & Co. by 3.0% in the fourth quarter. UBS Group AG now owns 3,421,898 shares of the company’s stock valued at $90,817,000 after purchasing an additional 98,882 shares during the last quarter. AQR Capital Management LLC grew its holdings in Victoria’s Secret & Co. by 102.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock valued at $47,864,000 after buying an additional 1,368,103 shares during the period. Victory Capital Management Inc. increased its stake in shares of Victoria’s Secret & Co. by 16.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock valued at $32,834,000 after acquiring an additional 258,059 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Victoria’s Secret & Co. by 18.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,192,532 shares of the company’s stock worth $31,650,000 after acquiring an additional 188,384 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Victoria’s Secret & Co. by 13.5% in the second quarter. Dimensional Fund Advisors LP now owns 917,017 shares of the company’s stock valued at $16,206,000 after purchasing an additional 109,013 shares during the period. 90.29% of the stock is owned by institutional investors and hedge funds.

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.