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

Victoria’s Secret & Co. (NYSE:VSCO) has been assigned a consensus recommendation of “Reduce” from the ten analysts that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $23.60.

A number of brokerages recently weighed in on VSCO. Morgan Stanley boosted their price objective on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. TD Cowen upped their price objective on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Bank of America lifted their target price on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research report on Friday, August 30th. The Goldman Sachs Group boosted their target price on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, August 30th. Finally, Telsey Advisory Group raised their price target on shares of Victoria’s Secret & Co. from $24.00 to $27.00 and gave the company a “market perform” rating in a research note on Thursday, August 29th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Victoria’s Secret & Co. during the 2nd quarter valued at about $50,000. Quarry LP boosted its holdings 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 buying an additional 1,764 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Victoria’s Secret & Co. during the 4th quarter worth approximately $221,000. Claret Asset Management Corp bought a new stake in shares of Victoria’s Secret & Co. in the 4th quarter valued at $226,000. Finally, Headlands Technologies LLC lifted its position in shares of Victoria’s Secret & Co. by 1,925.3% during the 2nd quarter. Headlands Technologies LLC now owns 8,790 shares of the company’s stock valued at $155,000 after acquiring an additional 8,356 shares during the period. 90.29% of the stock is owned by institutional investors.

Victoria’s Secret & Co. Stock Performance

Victoria’s Secret & Co. stock opened at $25.59 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27. The stock has a market cap of $2.00 billion, a PE ratio of 19.68 and a beta of 2.13. Victoria’s Secret & Co. has a 12-month low of $13.62 and a 12-month high of $30.80. The business’s 50-day moving average price is $21.28 and its two-hundred day moving average price is $19.80.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results 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. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. As a group, analysts expect that Victoria’s Secret & Co. will post 1.98 earnings per share for the current fiscal year.

Victoria’s Secret & Co. Company Profile

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.