TD Cowen Forecasts Strong Price Appreciation for Victoria’s Secret & Co. (NYSE:VSCO) Stock

Victoria’s Secret & Co. (NYSE:VSCO) had its target price increased by TD Cowen from $35.00 to $45.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s price objective would indicate a potential downside of 3.50% from the stock’s previous close.

Several other research firms have also recently issued reports on VSCO. Telsey Advisory Group reissued a “market perform” rating and issued a $40.00 target price on shares of Victoria’s Secret & Co. in a research note on Friday, December 6th. JPMorgan Chase & Co. raised shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $29.00 to $45.00 in a research note on Monday. Morgan Stanley boosted their price target on shares of Victoria’s Secret & Co. from $23.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Bank of America lifted their price objective on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research report on Friday, August 30th. Finally, BMO Capital Markets increased their target price on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $36.73.

Victoria’s Secret & Co. Price Performance

Shares of Victoria’s Secret & Co. stock opened at $46.63 on Monday. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $48.70. The business’s 50 day simple moving average is $33.17 and its two-hundred day simple moving average is $25.12. The stock has a market capitalization of $3.66 billion, a P/E ratio of 24.16 and a beta of 2.19.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, topping the consensus estimate of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.59%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm earned ($0.86) earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts forecast that Victoria’s Secret & Co. will post 2.01 EPS for the current year.

Institutional Trading of Victoria’s Secret & Co.

Several institutional investors have recently bought and sold shares of the company. Virtus Fund Advisers LLC purchased a new stake in Victoria’s Secret & Co. during the 3rd quarter valued at $27,000. Blue Trust Inc. grew its holdings in shares of Victoria’s Secret & Co. by 741.4% in the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after acquiring an additional 1,505 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Victoria’s Secret & Co. during the second quarter valued at $50,000. Quarry LP lifted 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 acquiring an additional 1,764 shares during the period. Finally, GAMMA Investing LLC boosted its position 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 worth $81,000 after purchasing an additional 1,652 shares during the last quarter. 90.29% of the stock is owned by hedge funds and other institutional investors.

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.