Jefferies Financial Group Increases Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $40.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective lifted by Jefferies Financial Group from $30.00 to $40.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts have also issued research reports about the stock. Morgan Stanley lifted their target price on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Bank of America boosted their price objective on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research note on Friday, August 30th. BMO Capital Markets raised their target price on Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.00 price target on shares of Victoria’s Secret & Co. in a research note on Thursday, October 17th. Finally, Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $23.00 to $25.00 in a research note on Wednesday, September 18th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Victoria’s Secret & Co. has an average rating of “Hold” and an average target price of $26.30.

Victoria’s Secret & Co. Price Performance

Shares of Victoria’s Secret & Co. stock opened at $36.05 on Tuesday. The firm has a market cap of $2.83 billion, a PE ratio of 20.96 and a beta of 2.10. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $37.62. 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 business has a 50-day moving average price of $27.61 and a 200 day moving average price of $22.51.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. Sell-side analysts predict that Victoria’s Secret & Co. will post 1.96 earnings per share for the current fiscal year.

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

Hedge funds have recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in Victoria’s Secret & Co. by 741.4% in the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after purchasing an additional 1,505 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Victoria’s Secret & Co. in the second quarter worth approximately $50,000. Quarry LP increased its stake in Victoria’s Secret & Co. by 126.6% during the second quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after acquiring an additional 1,764 shares during the last quarter. GAMMA Investing LLC raised 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 valued at $81,000 after purchasing an additional 1,652 shares during the period. Finally, Carolina Wealth Advisors LLC purchased a new stake in Victoria’s Secret & Co. in the third quarter valued at $92,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

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.