Victoria’s Secret & Co. (NYSE:VSCO) Earns “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Victoria’s Secret & Co. (NYSE:VSCO) in a research report released on Thursday, Benzinga reports. They currently have a $27.00 price target on the stock.

Other research analysts also recently issued reports about the company. The Goldman Sachs Group lifted their target price on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, August 30th. Barclays raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $23.00 to $25.00 in a research note on Wednesday, September 18th. Wells Fargo & Company raised their target price on shares of Victoria’s Secret & Co. from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Bank of America lifted their target price on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a report on Friday, August 30th. Finally, Morgan Stanley increased their price target 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, August 30th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Victoria’s Secret & Co. presently has a consensus rating of “Hold” and a consensus target price of $24.00.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO opened at $27.48 on Thursday. The company’s 50 day simple moving average is $24.37 and its 200-day simple moving average is $20.68. The firm has a market cap of $2.15 billion, a PE ratio of 21.14 and a beta of 2.14. Victoria’s Secret & Co. has a 12-month low of $15.12 and a 12-month high of $30.80. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Blue Trust Inc. grew its holdings in Victoria’s Secret & Co. by 741.4% in the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after purchasing an additional 1,505 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Victoria’s Secret & Co. in the second quarter valued at $50,000. Quarry LP grew its holdings in Victoria’s Secret & Co. by 126.6% in the second quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after purchasing an additional 1,764 shares during the last quarter. GAMMA Investing LLC grew its holdings in Victoria’s Secret & Co. by 109.5% in the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after purchasing an additional 1,652 shares during the last quarter. Finally, Headlands Technologies LLC boosted its stake in shares of Victoria’s Secret & Co. by 1,925.3% during the second quarter. Headlands Technologies LLC now owns 8,790 shares of the company’s stock valued at $155,000 after acquiring an additional 8,356 shares during the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

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.