Victoria’s Secret & Co. (NYSE:VSCO) Upgraded to Overweight at Barclays

Barclays upgraded shares of Victoria’s Secret & Co. (NYSE:VSCO) from an equal weight rating to an overweight rating in a report published on Tuesday morning, Marketbeat reports. Barclays currently has $53.00 target price on the stock, up from their prior target price of $51.00.

Several other analysts have also recently commented on VSCO. JPMorgan Chase & Co. raised Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and raised their price target for the company from $29.00 to $45.00 in a report on Monday, December 9th. Wells Fargo & Company reissued an “equal weight” rating and issued a $45.00 target price (up previously from $33.00) on shares of Victoria’s Secret & Co. 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 research note on Friday, December 6th. TD Cowen raised their price objective on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, Telsey Advisory Group reissued 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $42.36.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO opened at $36.84 on Tuesday. The stock has a market capitalization of $2.90 billion, a P/E ratio of 19.09, a P/E/G ratio of 2.28 and a beta of 2.14. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. Victoria’s Secret & Co. has a 1 year low of $15.12 and a 1 year high of $48.73. The company’s fifty day moving average is $40.67 and its two-hundred day moving average is $30.54.

Victoria’s Secret & Co. (NYSE:VSCO) last issued 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 for the quarter, compared to analyst estimates of $1.29 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The business’s 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. On average, sell-side analysts predict that Victoria’s Secret & Co. will post 2.31 earnings per share for the current year.

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

A number of large investors have recently bought and sold shares of VSCO. Dimensional Fund Advisors LP lifted its position in shares of Victoria’s Secret & Co. by 13.5% in the second quarter. Dimensional Fund Advisors LP now owns 917,017 shares of the company’s stock valued at $16,206,000 after acquiring an additional 109,013 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Victoria’s Secret & Co. in the 2nd quarter valued at about $2,486,000. Sei Investments Co. lifted its holdings in Victoria’s Secret & Co. by 1.9% in the 2nd quarter. Sei Investments Co. now owns 175,553 shares of the company’s stock valued at $3,102,000 after purchasing an additional 3,253 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Victoria’s Secret & Co. during the 2nd quarter worth about $50,000. Finally, AXA S.A. acquired a new stake in shares of Victoria’s Secret & Co. during the 2nd quarter worth about $2,178,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

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.