Victoria’s Secret & Co. (NYSE:VSCO) PT Raised to $26.00 at TD Cowen

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective increased by TD Cowen from $20.00 to $26.00 in a research note issued to investors on Friday morning, Benzinga reports. The firm currently has a hold rating on the stock.

Several other analysts have also weighed in on VSCO. Wells Fargo & Company boosted their target price on shares of Victoria’s Secret & Co. from $28.00 to $30.00 and gave the company an overweight rating in a research note on Thursday. Telsey Advisory Group boosted their price objective on shares of Victoria’s Secret & Co. from $24.00 to $27.00 and gave the company a market perform rating in a research report on Thursday. Morgan Stanley raised their target price on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an equal weight rating in a report on Friday. BMO Capital Markets upped their target price on Victoria’s Secret & Co. from $26.00 to $29.00 and gave the company an outperform rating in a report on Thursday. Finally, The Goldman Sachs Group raised their price target on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a sell rating in a report on Friday. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Victoria’s Secret & Co. currently has an average rating of Hold and an average price target of $22.64.

Victoria’s Secret & Co. Stock Down 2.1 %

NYSE:VSCO opened at $23.45 on Friday. 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 company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 1.30 and a beta of 2.08. Victoria’s Secret & Co. has a one year low of $13.62 and a one year high of $30.80. The stock has a 50-day simple moving average of $19.49 and a 200 day simple moving average of $20.36.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new position in shares of Victoria’s Secret & Co. during the fourth quarter valued at $41,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Victoria’s Secret & Co. during the 2nd quarter worth about $50,000. Quarry LP raised its holdings in Victoria’s Secret & Co. by 126.6% during the second quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after purchasing an additional 1,764 shares in the last quarter. Frazier Financial Advisors LLC acquired a new stake in Victoria’s Secret & Co. in the fourth quarter worth approximately $76,000. Finally, Quadrant Capital Group LLC boosted its stake in Victoria’s Secret & Co. by 24.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,037 shares of the company’s stock valued at $107,000 after purchasing an additional 790 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

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.