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

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have been assigned an average rating of “Reduce” from the ten research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $23.60.

A number of research analysts have recently issued reports on VSCO shares. Barclays upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $23.00 to $25.00 in a report on Wednesday. The Goldman Sachs Group boosted their price objective on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, August 30th. BMO Capital Markets raised 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, August 29th. Morgan Stanley upped their price target on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Finally, Wells Fargo & Company increased their price target on Victoria’s Secret & Co. from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th.

Victoria’s Secret & Co. Stock Down 1.5 %

VSCO stock opened at $25.59 on Friday. The stock’s 50 day simple moving average is $21.28 and its 200 day simple moving average is $19.80. The company has a market cap of $2.00 billion, a P/E ratio of 19.68 and a beta of 2.13. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. Victoria’s Secret & Co. has a fifty-two week low of $13.62 and a fifty-two week high of $30.80.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. On average, research analysts expect that Victoria’s Secret & Co. will post 1.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VSCO. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Victoria’s Secret & Co. during the 2nd quarter worth approximately $50,000. Quarry LP increased its position in Victoria’s Secret & Co. by 126.6% in the second quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after buying an additional 1,764 shares during the last quarter. Headlands Technologies LLC increased its position in Victoria’s Secret & Co. by 1,925.3% in the second quarter. Headlands Technologies LLC now owns 8,790 shares of the company’s stock worth $155,000 after buying an additional 8,356 shares during the last quarter. Magnetar Financial LLC bought a new stake in shares of Victoria’s Secret & Co. in the second quarter valued at $195,000. Finally, Lombard Odier Asset Management USA Corp lifted its position in shares of Victoria’s Secret & Co. by 102.3% during the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock valued at $204,000 after buying an additional 511,573 shares during the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

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.