BMO Capital Markets Boosts Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $46.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective raised by analysts at BMO Capital Markets from $33.00 to $46.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential downside of 4.21% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. UBS Group increased their target price on shares of Victoria’s Secret & Co. from $13.00 to $18.00 and gave the stock a “sell” rating in a report on Thursday. TD Cowen increased 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. The Goldman Sachs Group boosted their target price on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a research note on Friday, August 30th. Telsey Advisory Group restated a “market perform” rating and set a $40.00 price target on shares of Victoria’s Secret & Co. in a report on Friday. Finally, Morgan Stanley lifted their price objective on Victoria’s Secret & Co. from $23.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday. Four analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Victoria’s Secret & Co. has a consensus rating of “Hold” and a consensus price target of $28.64.

Victoria’s Secret & Co. Trading Up 11.6 %

VSCO opened at $48.02 on Friday. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $48.70. 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 business has a fifty day simple moving average of $32.31 and a 200-day simple moving average of $24.70. The firm has a market cap of $3.77 billion, a P/E ratio of 24.88 and a beta of 2.19.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.12. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. Victoria’s Secret & Co.’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the business posted ($0.86) EPS. On average, equities analysts expect that Victoria’s Secret & Co. will post 2.01 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. FMR LLC boosted its stake in Victoria’s Secret & Co. by 146.1% in the third quarter. FMR LLC now owns 2,757,032 shares of the company’s stock valued at $70,856,000 after acquiring an additional 1,636,602 shares in the last quarter. Forest Avenue Capital Management LP acquired a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter valued at about $40,861,000. AQR Capital Management LLC boosted its position in shares of Victoria’s Secret & Co. by 102.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock valued at $47,864,000 after purchasing an additional 1,368,103 shares during the period. Marshall Wace LLP grew its stake in Victoria’s Secret & Co. by 1,218.1% during the 2nd quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock worth $10,924,000 after buying an additional 571,295 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp increased its position in Victoria’s Secret & Co. by 102.3% during the second quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock worth $204,000 after buying an additional 511,573 shares during the period. 90.29% of the stock is owned by hedge funds and other institutional investors.

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.