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

Victoria’s Secret & Co. (NYSE:VSCO) has earned an average rating of “Reduce” from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $27.45.

VSCO has been the topic of several recent research reports. The Goldman Sachs Group upped their target price on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research report on Friday, August 30th. Telsey Advisory Group increased their price objective on shares of Victoria’s Secret & Co. from $27.00 to $40.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Wells Fargo & Company increased their price objective on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. TD Cowen increased their price objective on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Finally, UBS Group increased their price objective on shares of Victoria’s Secret & Co. from $13.00 to $18.00 and gave the stock a “sell” rating in a research report on Thursday.

Hedge Funds Weigh In On Victoria’s Secret & Co.

A number of hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its stake in shares of Victoria’s Secret & Co. by 1.0% during the third quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock valued at $1,079,000 after purchasing an additional 412 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake 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 purchasing an additional 715 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Victoria’s Secret & Co. by 13.6% during the third quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock valued at $179,000 after purchasing an additional 835 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake 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 purchasing an additional 1,000 shares in the last quarter. Finally, Virtus Fund Advisers LLC bought a new position in shares of Victoria’s Secret & Co. during the third quarter valued at approximately $27,000. 90.29% of the stock is currently owned by institutional investors.

Victoria’s Secret & Co. Stock Down 2.0 %

Shares of VSCO stock opened at $43.02 on Friday. The stock has a market cap of $3.38 billion, a P/E ratio of 25.01 and a beta of 2.19. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $44.40. 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 company’s fifty day simple moving average is $31.53 and its two-hundred day simple moving average is $24.38.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.62) by $0.12. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.86) EPS. Analysts predict that Victoria’s Secret & Co. will post 2.01 EPS 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.