Victoria’s Secret & Co. (NYSE:VSCO) Earns “Market Perform” Rating from Telsey Advisory Group

Victoria’s Secret & Co. (NYSE:VSCO)‘s stock had its “market perform” rating reiterated by stock analysts at Telsey Advisory Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $40.00 price objective on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 48.98% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Barclays upgraded shares of Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $51.00 to $53.00 in a research note on Tuesday, January 28th. Wells Fargo & Company decreased their target price on Victoria’s Secret & Co. from $45.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $29.00 to $45.00 in a research report on Monday, December 9th. Morgan Stanley reduced their price objective on Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Finally, UBS Group upgraded shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and raised their target price for the stock from $18.00 to $47.00 in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $41.18.

Victoria’s Secret & Co. Price Performance

VSCO stock opened at $26.85 on Wednesday. The business has a 50 day moving average price of $36.13 and a 200 day moving average price of $32.42. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 1.15 and a beta of 2.11. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share 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 44.74%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm earned ($0.86) EPS. The company’s revenue was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

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

Several institutional investors have recently bought and sold shares of the company. Virtus Fund Advisers LLC purchased a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at about $27,000. Blue Trust Inc. lifted its position in Victoria’s Secret & Co. by 741.4% in the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after purchasing an additional 1,505 shares during the period. CoreCap Advisors LLC boosted its holdings in Victoria’s Secret & Co. by 1,898.1% in the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock valued at $85,000 after purchasing an additional 1,955 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Victoria’s Secret & Co. by 326.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock worth $92,000 after purchasing an additional 1,682 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in shares of Victoria’s Secret & Co. by 47.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock worth $104,000 after buying an additional 800 shares in the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

About Victoria’s Secret & Co.

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.