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

Victoria’s Secret & Co. (NYSE:VSCO) has been assigned an average rating of “Hold” from the eleven research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $42.36.

Several brokerages have commented on VSCO. Bank of America lowered their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a research report on Thursday, January 30th. Telsey Advisory Group lowered their price objective on shares of Victoria’s Secret & Co. from $50.00 to $40.00 and set a “market perform” rating on the stock in a research report on Thursday, January 30th. Morgan Stanley lowered their price objective on shares of Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. BMO Capital Markets lifted their price objective on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, UBS Group raised shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $18.00 to $47.00 in a research report on Tuesday, December 10th.

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

Several hedge funds have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Victoria’s Secret & Co. by 33.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,355 shares of the company’s stock valued at $6,435,000 after acquiring an additional 38,820 shares in the last quarter. Tremblant Capital Group grew its stake in Victoria’s Secret & Co. by 137.1% during the fourth quarter. Tremblant Capital Group now owns 550,135 shares of the company’s stock valued at $22,787,000 after acquiring an additional 318,080 shares in the last quarter. State of Wyoming grew its stake in Victoria’s Secret & Co. by 173.2% in the 4th quarter. State of Wyoming now owns 6,245 shares of the company’s stock worth $259,000 after buying an additional 3,959 shares in the last quarter. Shellback Capital LP purchased a new position in Victoria’s Secret & Co. in the 4th quarter worth approximately $3,728,000. Finally, Silvercrest Asset Management Group LLC purchased a new position in Victoria’s Secret & Co. in the 4th quarter worth approximately $16,167,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

VSCO stock opened at $31.22 on Wednesday. The company has a market capitalization of $2.45 billion, a P/E ratio of 16.18, a PEG ratio of 1.31 and a beta of 2.11. The company has a fifty day moving average price of $38.53 and a 200-day moving average price of $32.12. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17.

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, beating analysts’ consensus estimates of ($0.62) by $0.12. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned ($0.86) earnings per share. As a group, equities analysts expect that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.