Victoria’s Secret & Co. (NYSE:VSCO) Given Consensus Rating of “Reduce” by Brokerages

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have been given an average recommendation of “Reduce” by the eleven analysts that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $27.45.

VSCO has been the subject of several recent research reports. The Goldman Sachs Group raised their target price on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, August 30th. Telsey Advisory Group raised their price target on shares of Victoria’s Secret & Co. from $27.00 to $40.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. Wells Fargo & Company raised their price target on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. UBS Group raised their price target on shares of Victoria’s Secret & Co. from $13.00 to $18.00 and gave the company a “sell” rating in a research report on Thursday. Finally, 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 research report on Friday, August 30th.

Hedge Funds Weigh In On Victoria’s Secret & Co.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Castellan Group acquired a new position in Victoria’s Secret & Co. during the third quarter worth about $6,218,000. Sanctuary Advisors LLC raised its stake in Victoria’s Secret & Co. by 3.3% during the third quarter. Sanctuary Advisors LLC now owns 51,139 shares of the company’s stock worth $1,314,000 after purchasing an additional 1,617 shares during the period. Geode Capital Management LLC raised its stake in Victoria’s Secret & Co. by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock worth $46,121,000 after purchasing an additional 24,967 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Victoria’s Secret & Co. during the third quarter worth about $768,000. Finally, XTX Topco Ltd purchased a new position in Victoria’s Secret & Co. during the third quarter worth about $412,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Trading Down 2.0 %

NYSE:VSCO opened at $43.02 on Friday. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $44.40. The firm has a 50 day moving average of $31.53 and a 200 day moving average of $24.38. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 25.01 and a beta of 2.19.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.12. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.86) earnings per share. As a group, sell-side analysts anticipate that Victoria’s Secret & Co. will post 2.01 earnings per share for the current fiscal year.

About Victoria’s Secret & Co.

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.