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

Victoria’s Secret & Co. (NYSE:VSCO) has been given an average recommendation of “Hold” by the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $36.73.

Several equities analysts recently commented on VSCO shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $40.00 target price on shares of Victoria’s Secret & Co. in a report on Friday, December 6th. BMO Capital Markets lifted their price objective on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. TD Cowen increased their target price on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a report on Monday, December 9th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $45.00 price target (up from $33.00) on shares of Victoria’s Secret & Co. in a research note on Monday, December 9th. Finally, Jefferies Financial Group raised their target price on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th.

Victoria’s Secret & Co. Stock Down 0.9 %

VSCO stock opened at $41.89 on Tuesday. The company’s 50 day moving average is $37.96 and its 200 day moving average is $27.26. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 2.88 and a beta of 2.19. The company has a current ratio of 1.17, a quick ratio of 0.31 and a debt-to-equity ratio of 3.12. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.62) by $0.12. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the company posted ($0.86) earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. Sell-side analysts predict that Victoria’s Secret & Co. will post 2.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. FMR LLC increased its stake in shares of Victoria’s Secret & Co. by 146.1% in the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock worth $70,856,000 after acquiring an additional 1,636,602 shares in the last quarter. Forest Avenue Capital Management LP bought a new position in shares of Victoria’s Secret & Co. during the third quarter valued at approximately $40,861,000. AQR Capital Management LLC lifted its holdings 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 last quarter. Marshall Wace LLP boosted its position in shares of Victoria’s Secret & Co. by 1,218.1% in the 2nd quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock worth $10,924,000 after purchasing an additional 571,295 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp grew its stake in shares of Victoria’s Secret & Co. by 102.3% in the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock worth $204,000 after buying an additional 511,573 shares during the last quarter. 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.