Victoria’s Secret & Co. (NYSE:VSCO) Upgraded by UBS Group to Neutral Rating

UBS Group upgraded shares of Victoria’s Secret & Co. (NYSE:VSCO) from a sell rating to a neutral rating in a research note issued to investors on Tuesday morning, Marketbeat.com reports. UBS Group currently has $47.00 target price on the stock, up from their prior target price of $18.00.

Several other research analysts also recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Victoria’s Secret & Co. from $23.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Bank of America lifted their target price 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. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $45.00 target price (up previously from $33.00) on shares of Victoria’s Secret & Co. in a report on Monday. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $40.00 target price on shares of Victoria’s Secret & Co. in a report on Friday, December 6th. Finally, TD Cowen lifted their target price on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $36.73.

Victoria’s Secret & Co. Trading Down 1.2 %

Shares of Victoria’s Secret & Co. stock opened at $46.63 on Tuesday. Victoria’s Secret & Co. has a 1 year low of $15.12 and a 1 year high of $48.70. 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 $3.66 billion, a P/E ratio of 24.16 and a beta of 2.19. The company’s fifty day moving average is $33.17 and its two-hundred day moving average is $25.12.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.59%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm posted ($0.86) EPS. Victoria’s Secret & Co.’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts forecast that Victoria’s Secret & Co. will post 2.01 earnings per share for the current year.

Institutional Trading of Victoria’s Secret & Co.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtus Fund Advisers LLC acquired a new position in Victoria’s Secret & Co. during the third quarter worth about $27,000. Blue Trust Inc. raised its position in Victoria’s Secret & Co. by 741.4% during the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after acquiring an additional 1,505 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Victoria’s Secret & Co. during the second quarter worth about $50,000. Quarry LP raised its position in Victoria’s Secret & Co. by 126.6% during the second quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after acquiring an additional 1,764 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Victoria’s Secret & Co. by 109.5% during the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $81,000 after acquiring an additional 1,652 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

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.