Victoria’s Secret & Co. (NYSE:VSCO) Given Average Rating of “Reduce” by Brokerages

Victoria’s Secret & Co. (NYSE:VSCO) has received an average rating of “Reduce” from the ten analysts that are covering the company, MarketBeat reports. Six analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $18.50.

A number of equities analysts recently commented on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $20.00 price objective on shares of Victoria’s Secret & Co. in a research report on Thursday, June 6th. The Goldman Sachs Group assumed coverage on Victoria’s Secret & Co. in a research report on Thursday, April 25th. They set a “sell” rating and a $14.00 price objective on the stock. Morgan Stanley downgraded Victoria’s Secret & Co. from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $19.00 to $15.00 in a research report on Monday, May 6th. JPMorgan Chase & Co. lifted their target price on Victoria’s Secret & Co. from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday, May 17th. Finally, Barclays lifted their target price on Victoria’s Secret & Co. from $16.00 to $19.00 and gave the company an “underweight” rating in a research report on Friday, June 7th.

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

Institutional investors have recently modified their holdings of the company. Western Standard LLC acquired a new position in Victoria’s Secret & Co. during the 1st quarter worth $343,000. Bayberry Capital Partners LP acquired a new position in Victoria’s Secret & Co. during the 1st quarter worth $11,919,000. Price T Rowe Associates Inc. MD grew its stake in Victoria’s Secret & Co. by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,395 shares of the company’s stock worth $900,000 after purchasing an additional 2,594 shares in the last quarter. Natixis grew its stake in Victoria’s Secret & Co. by 1,100,000.0% during the 1st quarter. Natixis now owns 275,025 shares of the company’s stock worth $5,330,000 after purchasing an additional 275,000 shares in the last quarter. Finally, UniSuper Management Pty Ltd acquired a new position in Victoria’s Secret & Co. during the 1st quarter worth $335,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Stock Performance

Shares of Victoria’s Secret & Co. stock opened at $17.81 on Tuesday. Victoria’s Secret & Co. has a one year low of $13.62 and a one year high of $30.80. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 1.07 and a beta of 2.08. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.28 and a current ratio of 0.97. The business’s 50 day moving average price is $19.27 and its 200 day moving average price is $21.83.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Victoria’s Secret & Co. had a return on equity of 46.52% and a net margin of 1.71%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the business posted $0.28 earnings per share. The firm’s revenue was down 3.4% compared to the same quarter last year. On average, research analysts predict that Victoria’s Secret & Co. will post 1.72 EPS for the current year.

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.