Analysts Set Victoria’s Secret & Co. (NYSE:VSCO) Price Target at $27.45

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $36.73.

VSCO has been the subject of several research analyst reports. BMO Capital Markets raised 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. Barclays upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $23.00 to $25.00 in a research note on Wednesday, September 18th. JPMorgan Chase & Co. upgraded Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $29.00 to $45.00 in a research note on Monday. Telsey Advisory Group reaffirmed a “market perform” rating and set a $40.00 price objective on shares of Victoria’s Secret & Co. in a report on Friday, December 6th. Finally, Bank of America lifted their target price on shares of 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.

Institutional Trading of Victoria’s Secret & Co.

A number of hedge funds and other institutional investors have recently bought and sold shares of VSCO. FMR LLC boosted 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 purchasing an additional 1,636,602 shares during the period. AQR Capital Management LLC boosted its stake in 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 buying an additional 1,368,103 shares during the period. Victory Capital Management Inc. grew its position in Victoria’s Secret & Co. by 16.1% during the second quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock worth $32,834,000 after buying an additional 258,059 shares in the last quarter. Geode Capital Management LLC grew its position 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 buying an additional 24,967 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Victoria’s Secret & Co. by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company’s stock valued at $41,338,000 after acquiring an additional 76,858 shares in the last quarter. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Down 1.2 %

Shares of NYSE:VSCO opened at $46.63 on Friday. The company has a market capitalization of $3.66 billion, a PE ratio of 24.16 and a beta of 2.19. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. The business has a fifty day moving average price of $33.17 and a two-hundred day moving average price of $25.12. Victoria’s Secret & Co. has a 1 year low of $15.12 and a 1 year high of $48.70.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.59%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm earned ($0.86) EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts forecast that Victoria’s Secret & Co. will post 2.01 earnings per share for the current 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.