Victoria’s Secret & Co. (NYSE:VSCO) Receives Market Perform Rating from Telsey Advisory Group

Victoria’s Secret & Co. (NYSE:VSCO)‘s stock had its “market perform” rating reiterated by Telsey Advisory Group in a note issued to investors on Wednesday,Benzinga reports. They presently have a $40.00 target price on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 40.47% from the company’s previous close.

A number of other brokerages have also recently issued reports on VSCO. Barclays upgraded Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $51.00 to $53.00 in a report on Tuesday, January 28th. UBS Group raised shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $18.00 to $47.00 in a research report on Tuesday, December 10th. BMO Capital Markets lifted their target price on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, December 6th. TD Cowen increased their price target on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. upgraded Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $29.00 to $45.00 in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $42.36.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO stock opened at $28.48 on Wednesday. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 1.15 and a beta of 2.11. The company has a 50 day moving average price of $36.74 and a 200 day moving average price of $32.49. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $48.73. 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. (NYSE:VSCO) last issued its 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. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the company posted ($0.86) EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Sell-side analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Institutional Trading of Victoria’s Secret & Co.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC increased its stake in Victoria’s Secret & Co. by 146.1% during the third 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 last quarter. Marshall Wace LLP grew its position in shares of Victoria’s Secret & Co. by 481.5% during the 4th quarter. Marshall Wace LLP now owns 1,956,760 shares of the company’s stock valued at $81,049,000 after buying an additional 1,620,256 shares during the last quarter. Forest Avenue Capital Management LP acquired a new stake in Victoria’s Secret & Co. during the third quarter worth about $40,861,000. Point72 Hong Kong Ltd bought a new position in Victoria’s Secret & Co. in the fourth quarter worth about $37,693,000. Finally, SRS Investment Management LLC acquired a new position in Victoria’s Secret & Co. in the fourth quarter valued at approximately $37,011,000. 90.29% of the stock is owned by institutional investors.

About Victoria’s Secret & Co.

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.