Brokerages Set Victoria’s Secret & Co. (NYSE:VSCO) Price Target at $42.36

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have been given a consensus recommendation of “Hold” by the eleven research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $42.36.

A number of research firms recently issued reports on VSCO. TD Cowen lifted 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 research note on Monday, December 9th. Barclays upgraded shares of Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $51.00 to $53.00 in a research report on Tuesday, January 28th. UBS Group raised shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and raised their price target for the company from $18.00 to $47.00 in a research note on Tuesday, December 10th. The Goldman Sachs Group dropped their price target on Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating for the company in a research report on Thursday, January 30th. Finally, Telsey Advisory Group cut their price objective on shares of Victoria’s Secret & Co. from $50.00 to $40.00 and set a “market perform” rating for the company in a report on Thursday, January 30th.

Victoria’s Secret & Co. Trading Down 5.0 %

NYSE:VSCO opened at $27.87 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The firm has a fifty day simple moving average of $37.41 and a 200-day simple moving average of $32.36. The company has a market capitalization of $2.19 billion, a P/E ratio of 14.44, a PEG ratio of 1.15 and a beta of 2.11. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its earnings results 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. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted ($0.86) earnings per share. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities research analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Institutional Trading of Victoria’s Secret & Co.

Several large investors have recently bought and sold shares of the company. Forest Avenue Capital Management LP acquired a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter worth about $40,861,000. Oliver Luxxe Assets LLC purchased a new stake in Victoria’s Secret & Co. in the 4th quarter worth approximately $1,963,000. FengHe Fund Management Pte. Ltd. purchased a new position in shares of Victoria’s Secret & Co. during the 4th quarter worth $2,435,000. MetLife Investment Management LLC boosted its holdings in shares of Victoria’s Secret & Co. by 129.1% during the third quarter. MetLife Investment Management LLC now owns 45,652 shares of the company’s stock worth $1,173,000 after purchasing an additional 25,723 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at $412,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

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.