Barclays Upgrades Victoria’s Secret & Co. (NYSE:VSCO) to “Overweight”

Victoria’s Secret & Co. (NYSE:VSCOGet Free Report) was upgraded by analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Tuesday, Marketbeat reports. The firm presently has a $53.00 price target on the stock, up from their prior price target of $51.00. Barclays‘s price target points to a potential upside of 46.79% from the company’s previous close.

A number of other analysts have also issued reports on VSCO. UBS Group raised shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and increased their price target for the stock from $18.00 to $47.00 in a research report on Tuesday, December 10th. Telsey Advisory Group reiterated a “market perform” rating and issued a $40.00 target price on shares of Victoria’s Secret & Co. in a research report on Friday, December 6th. Jefferies Financial Group lifted their target price on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. BMO Capital Markets upped their price target on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, TD Cowen lifted their price objective on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.09.

Check Out Our Latest Stock Report on Victoria’s Secret & Co.

Victoria’s Secret & Co. Trading Down 4.7 %

NYSE VSCO opened at $36.11 on Tuesday. The firm’s 50 day moving average price is $40.63 and its two-hundred day moving average price is $30.50. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.73. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 2.28 and a beta of 2.14.

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

Institutional Investors Weigh In On Victoria’s Secret & Co.

A number of large investors have recently added to or reduced their stakes in VSCO. FMR LLC grew its holdings in Victoria’s Secret & Co. by 146.1% in the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock valued at $70,856,000 after buying an additional 1,636,602 shares during the last quarter. Forest Avenue Capital Management LP bought a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at approximately $40,861,000. Two Sigma Advisers LP grew its stake in shares of Victoria’s Secret & Co. by 172.0% in the third quarter. Two Sigma Advisers LP now owns 503,003 shares of the company’s stock worth $12,927,000 after acquiring an additional 318,099 shares during the last quarter. Castellan Group bought a new position in Victoria’s Secret & Co. during the third quarter worth $6,218,000. Finally, Weiss Asset Management LP acquired a new position in Victoria’s Secret & Co. during the 3rd quarter valued at $4,397,000. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

(Get Free Report)

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.

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Analyst Recommendations for Victoria's Secret & Co. (NYSE:VSCO)

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