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

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have earned a consensus rating of “Reduce” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-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. Wells Fargo & Company boosted their price target on shares of Victoria’s Secret & Co. from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. BMO Capital Markets upped their price objective on shares of Victoria’s Secret & Co. from $26.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Bank of America upped their price objective on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a report on Friday, August 30th. TD Cowen upped their price objective on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a report on Friday, August 30th. Finally, Morgan Stanley upped their price objective on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, August 30th.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its position in shares of Victoria’s Secret & Co. by 5.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company’s stock valued at $297,000 after buying an additional 628 shares during the period. SummerHaven Investment Management LLC increased its position in shares of Victoria’s Secret & Co. by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company’s stock valued at $663,000 after buying an additional 715 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Victoria’s Secret & Co. by 2.6% during the second quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock valued at $696,000 after buying an additional 1,000 shares during the period. Texas Permanent School Fund Corp increased its position in shares of Victoria’s Secret & Co. by 1.8% during the first quarter. Texas Permanent School Fund Corp now owns 67,770 shares of the company’s stock valued at $1,313,000 after buying an additional 1,205 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Victoria’s Secret & Co. by 8.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,615 shares of the company’s stock valued at $294,000 after buying an additional 1,280 shares during the period. 90.29% of the stock is currently owned by institutional investors.

Victoria’s Secret & Co. Price Performance

Shares of NYSE:VSCO opened at $28.18 on Thursday. The company’s 50-day moving average is $24.05 and its 200 day moving average is $20.55. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. The company has a market capitalization of $2.21 billion, a P/E ratio of 16.38 and a beta of 2.14. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $30.80.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. On average, equities research analysts forecast that Victoria’s Secret & Co. will post 1.98 earnings per share for the current 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.