Victoria’s Secret & Co. (NYSE:VSCO) PT Raised to $23.00 at Barclays

Victoria’s Secret & Co. (NYSE:VSCO) had its price target boosted by analysts at Barclays from $19.00 to $23.00 in a report released on Friday, Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s price objective would indicate a potential downside of 1.96% from the stock’s current price.

VSCO has been the subject of several other research reports. Telsey Advisory Group raised their target price on shares of Victoria’s Secret & Co. from $24.00 to $27.00 and gave the stock a “market perform” rating in a report on Thursday. BMO Capital Markets raised their price objective on shares of Victoria’s Secret & Co. from $26.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday. Morgan Stanley upped their target price on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday. Wells Fargo & Company raised their price target on Victoria’s Secret & Co. from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on Victoria’s Secret & Co. from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday, May 17th. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $22.64.

Victoria’s Secret & Co. Trading Down 2.1 %

Shares of NYSE VSCO opened at $23.46 on Friday. Victoria’s Secret & Co. has a 1-year low of $13.62 and a 1-year 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. The business’s 50 day moving average is $19.49 and its two-hundred day moving average is $20.30. The stock has a market capitalization of $1.84 billion, a P/E ratio of 18.05, a PEG ratio of 1.30 and a beta of 2.08.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.36 billion. Victoria’s Secret & Co. had a return on equity of 46.52% and a net margin of 1.71%. Victoria’s Secret & Co.’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. As a group, research analysts expect 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 and other institutional investors have recently made changes to their positions in VSCO. UBS Group AG lifted its stake in shares of Victoria’s Secret & Co. by 3.0% during the 4th quarter. UBS Group AG now owns 3,421,898 shares of the company’s stock worth $90,817,000 after purchasing an additional 98,882 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Victoria’s Secret & Co. by 102.0% during 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 last quarter. Victory Capital Management Inc. boosted its stake in shares of Victoria’s Secret & Co. by 16.1% in the second quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock worth $32,834,000 after buying an additional 258,059 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 purchasing an additional 188,384 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Victoria’s Secret & Co. by 13.5% during the 2nd 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 in the last quarter. Institutional investors 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.