Victoria’s Secret & Co. (NYSE:VSCO) Issues Q4 2024 Earnings Guidance

Victoria’s Secret & Co. (NYSE:VSCO) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.200-2.300 for the period, compared to the consensus earnings per share estimate of 2.250. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.1 billion.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Morgan Stanley reduced their target price on Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. TD Cowen raised their target price on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a report on Monday, December 9th. 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 report on Friday, December 6th. JPMorgan Chase & Co. raised shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $29.00 to $45.00 in a research note on Monday, December 9th. Finally, Barclays upgraded Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $51.00 to $53.00 in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.09.

Victoria’s Secret & Co. Trading Up 1.2 %

NYSE VSCO opened at $37.78 on Wednesday. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.73. The business’s fifty day moving average is $40.63 and its 200 day moving average is $30.46. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 2.28 and a beta of 2.14.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, topping the consensus estimate of ($0.62) by $0.12. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.86) earnings per share. As a group, sell-side analysts expect that Victoria’s Secret & Co. will post 2.31 EPS for the current fiscal year.

Victoria’s Secret & Co. Company Profile

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.