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

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have received an average rating of “Reduce” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $23.60.

Several research analysts recently weighed in on the stock. TD Cowen upped their price objective on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. The Goldman Sachs Group increased their price target on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research report on Friday, August 30th. Barclays upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $23.00 to $25.00 in a research report on Wednesday, September 18th. Telsey Advisory Group increased their price target 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, August 29th. Finally, Wells Fargo & Company increased their price target on shares of 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.

Institutional Trading of Victoria’s Secret & Co.

A number of institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its stake in shares of Victoria’s Secret & Co. by 102.0% during the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock valued at $47,864,000 after purchasing an additional 1,368,103 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Victoria’s Secret & Co. by 16.1% during the second quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock valued at $32,834,000 after purchasing an additional 258,059 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Victoria’s Secret & Co. by 13.5% during the second 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 during the period. Bank of New York Mellon Corp boosted its stake in shares of Victoria’s Secret & Co. by 16.4% during the second quarter. Bank of New York Mellon Corp now owns 652,439 shares of the company’s stock valued at $11,529,000 after purchasing an additional 91,712 shares during the period. Finally, Marshall Wace LLP lifted its stake in Victoria’s Secret & Co. by 1,218.1% in the second quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock worth $10,924,000 after acquiring an additional 571,295 shares during the period. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Up 6.6 %

VSCO stock opened at $28.18 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27. The company’s 50 day moving average is $24.05 and its 200 day moving average is $20.55. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 16.38 and a beta of 2.14. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $30.80.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. Sell-side analysts predict that Victoria’s Secret & Co. will post 1.98 EPS for the current fiscal year.

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.