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

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have earned an average recommendation of “Reduce” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $19.80.

Several research firms have weighed in on VSCO. Barclays lifted their price objective on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, August 15th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $24.00 price target on shares of Victoria’s Secret & Co. in a research note on Thursday, August 15th. Morgan Stanley upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating in a report on Wednesday, August 14th. Wells Fargo & Company boosted their target price on shares of Victoria’s Secret & Co. from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Finally, Bank of America upped their target price on shares of Victoria’s Secret & Co. from $15.00 to $18.00 and gave the stock an “underperform” rating in a research report on Thursday, August 15th.

Victoria’s Secret & Co. Price Performance

VSCO opened at $24.72 on Wednesday. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.28 and a current ratio of 0.97. The stock has a market capitalization of $1.94 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 1.25 and a beta of 2.08. The stock’s 50 day moving average price is $19.14 and its 200-day moving average price is $20.35. Victoria’s Secret & Co. has a 52-week low of $13.62 and a 52-week high of $30.80.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.36 billion. Victoria’s Secret & Co. had a net margin of 1.71% and a return on equity of 46.52%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. On average, equities research analysts predict that Victoria’s Secret & Co. will post 1.97 EPS for the current year.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Victoria’s Secret & Co. by 15.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,625 shares of the company’s stock worth $441,000 after buying an additional 2,286 shares during the last quarter. CWM LLC boosted its position in Victoria’s Secret & Co. by 289.3% in the fourth quarter. CWM LLC now owns 6,365 shares of the company’s stock worth $169,000 after purchasing an additional 4,730 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Victoria’s Secret & Co. during the 4th quarter valued at about $41,000. Russell Investments Group Ltd. increased its position in shares of Victoria’s Secret & Co. by 36.8% during the 4th quarter. Russell Investments Group Ltd. now owns 14,409 shares of the company’s stock valued at $382,000 after purchasing an additional 3,879 shares during the last quarter. Finally, River Global Investors LLP lifted its stake in shares of Victoria’s Secret & Co. by 18.1% in the 4th quarter. River Global Investors LLP now owns 43,697 shares of the company’s stock worth $1,160,000 after purchasing an additional 6,694 shares during the period. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Company Profile

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.