Victoria’s Secret & Co. (NYSE:VSCO) Given New $40.00 Price Target at Morgan Stanley

Victoria’s Secret & Co. (NYSE:VSCO) had its target price trimmed by Morgan Stanley from $44.00 to $40.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities research analysts have also recently commented on the stock. UBS Group raised shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $18.00 to $47.00 in a research report on Tuesday, December 10th. Jefferies Financial Group boosted their price target on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. BMO Capital Markets boosted 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 report on Friday, December 6th. Wells Fargo & Company reissued an “equal weight” rating and set a $45.00 price target (up from $33.00) on shares of Victoria’s Secret & Co. in a research report on Monday, December 9th. Finally, TD Cowen boosted their price target on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Victoria’s Secret & Co. has an average rating of “Hold” and a consensus target price of $37.55.

Victoria’s Secret & Co. Price Performance

Shares of NYSE VSCO opened at $38.49 on Tuesday. The firm has a market cap of $3.03 billion, a PE ratio of 19.95, a PEG ratio of 2.29 and a beta of 2.14. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.73. The company has a fifty day moving average price of $40.56 and a 200 day moving average price of $29.90.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its 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. The firm had revenue of $1.35 billion during 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 company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.86) EPS. Research analysts predict that Victoria’s Secret & Co. will post 2.31 earnings per share for the current fiscal year.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Virtus Fund Advisers LLC bought a new position in Victoria’s Secret & Co. in the 3rd quarter valued at about $27,000. Blue Trust Inc. raised 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 acquiring an additional 1,505 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Victoria’s Secret & Co. in the 2nd quarter valued at about $50,000. Quarry LP grew its position in shares of Victoria’s Secret & Co. by 126.6% during the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after purchasing an additional 1,764 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Victoria’s Secret & Co. by 109.5% during the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $81,000 after purchasing an additional 1,652 shares in the last quarter. 90.29% of the stock is owned by institutional investors.

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.