Victoria’s Secret & Co. (NYSE:VSCO) Hits New 12-Month High – Should You Buy?

Victoria’s Secret & Co. (NYSE:VSCO)’s stock price reached a new 52-week high on Monday . The company traded as high as $38.97 and last traded at $38.70, with a volume of 19007 shares changing hands. The stock had previously closed at $37.09.

Analyst Upgrades and Downgrades

A number of research analysts have commented on VSCO shares. Telsey Advisory Group reiterated a “market perform” rating and set a $27.00 price objective on shares of Victoria’s Secret & Co. in a research note on Thursday, October 17th. BMO Capital Markets upped their target price on Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. The Goldman Sachs Group increased their price target on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” 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 company an “underperform” rating in a research report on Friday, August 30th. Finally, TD Cowen increased their target price on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Three equities research 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, the company currently has an average rating of “Hold” and an average price target of $26.30.

Victoria’s Secret & Co. Price Performance

The business has a fifty day moving average price of $29.53 and a 200 day moving average price of $23.49. 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 company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 21.80 and a beta of 2.10.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. On average, research analysts expect that Victoria’s Secret & Co. will post 2.01 earnings per share for the current fiscal year.

Institutional Trading of Victoria’s Secret & Co.

Hedge funds and other institutional investors have recently modified their holdings of the company. Dark Forest Capital Management LP acquired a new position in Victoria’s Secret & Co. during the second quarter worth about $589,000. Aristeia Capital L.L.C. bought a new stake in shares of Victoria’s Secret & Co. in the 2nd quarter worth approximately $1,171,000. Alpha DNA Investment Management LLC acquired a new stake in Victoria’s Secret & Co. during the second quarter valued at approximately $408,000. Bank of New York Mellon Corp boosted its holdings in Victoria’s Secret & Co. by 16.4% during the second quarter. Bank of New York Mellon Corp now owns 652,439 shares of the company’s stock worth $11,529,000 after buying an additional 91,712 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Victoria’s Secret & Co. by 234.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,577 shares of the company’s stock worth $735,000 after acquiring an additional 29,161 shares in the last quarter. 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.