Shares of Victoria’s Secret & Co. (NYSE:VSCO – Get Free Report) have earned an average recommendation of “Reduce” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $19.80.
Several research firms have weighed in on VSCO. Barclays lifted their price objective on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, August 15th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $24.00 price target on shares of Victoria’s Secret & Co. in a research note on Thursday, August 15th. Morgan Stanley upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating in a report on Wednesday, August 14th. Wells Fargo & Company boosted their target price on shares of Victoria’s Secret & Co. from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Finally, Bank of America upped their target price on shares of Victoria’s Secret & Co. from $15.00 to $18.00 and gave the stock an “underperform” rating in a research report on Thursday, August 15th.
Check Out Our Latest Stock Analysis on Victoria’s Secret & Co.
Victoria’s Secret & Co. Price Performance
Victoria’s Secret & Co. (NYSE:VSCO – Get Free Report) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.36 billion. Victoria’s Secret & Co. had a net margin of 1.71% and a return on equity of 46.52%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. On average, equities research analysts predict that Victoria’s Secret & Co. will post 1.97 EPS for the current year.
Hedge Funds Weigh In On Victoria’s Secret & Co.
A number of hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Victoria’s Secret & Co. by 15.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,625 shares of the company’s stock worth $441,000 after buying an additional 2,286 shares during the last quarter. CWM LLC boosted its position in Victoria’s Secret & Co. by 289.3% in the fourth quarter. CWM LLC now owns 6,365 shares of the company’s stock worth $169,000 after purchasing an additional 4,730 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Victoria’s Secret & Co. during the 4th quarter valued at about $41,000. Russell Investments Group Ltd. increased its position in shares of Victoria’s Secret & Co. by 36.8% during the 4th quarter. Russell Investments Group Ltd. now owns 14,409 shares of the company’s stock valued at $382,000 after purchasing an additional 3,879 shares during the last quarter. Finally, River Global Investors LLP lifted its stake in shares of Victoria’s Secret & Co. by 18.1% in the 4th quarter. River Global Investors LLP now owns 43,697 shares of the company’s stock worth $1,160,000 after purchasing an additional 6,694 shares during the period. 90.29% of the stock is currently 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.
See Also
- Five stocks we like better than Victoria’s Secret & Co.
- What is Put Option Volume?
- Study: How Much Are Retirees Earning from Side Hustles in 2024?
- There Are Different Types of Stock To Invest In
- Brinker International Offers a Pullback Opportunity on EPS Miss
- Top Biotech Stocks: Exploring Innovation Opportunities
- Globant Is an Emerging AI Play That’s Expanding Its Footprint
Receive News & Ratings for Victoria's Secret & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Victoria's Secret & Co. and related companies with MarketBeat.com's FREE daily email newsletter.