UBS Group Boosts Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $18.00

Victoria’s Secret & Co. (NYSE:VSCO) had its target price boosted by equities researchers at UBS Group from $13.00 to $18.00 in a research report issued on Thursday. The brokerage presently has a “sell” rating on the stock. UBS Group’s price objective would suggest a potential downside of 62.52% from the company’s current price.

A number of other brokerages also recently issued reports on VSCO. The Goldman Sachs Group upped their price objective on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, August 30th. Jefferies Financial Group increased their price target on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Wells Fargo & Company lifted 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. Bank of America increased 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 research report on Friday, August 30th. Finally, Morgan Stanley lifted their price target on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Four 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. According to MarketBeat, Victoria’s Secret & Co. has an average rating of “Hold” and a consensus target price of $28.64.

Victoria’s Secret & Co. Stock Up 11.6 %

Victoria’s Secret & Co. stock opened at $48.02 on Thursday. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week 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 firm’s 50-day simple moving average is $31.87 and its 200 day simple moving average is $24.51. The stock has a market cap of $3.77 billion, a PE ratio of 26.77 and a beta of 2.19.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, topping 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 company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.86) EPS. Research analysts predict that Victoria’s Secret & Co. will post 2.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in VSCO. FMR LLC lifted its holdings in shares of Victoria’s Secret & Co. by 146.1% in the third quarter. FMR LLC now owns 2,757,032 shares of the company’s stock worth $70,856,000 after buying an additional 1,636,602 shares in the last quarter. Forest Avenue Capital Management LP bought a new stake in Victoria’s Secret & Co. during the 3rd quarter worth approximately $40,861,000. AQR Capital Management LLC lifted its stake in 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 worth $47,864,000 after purchasing an additional 1,368,103 shares in the last quarter. Marshall Wace LLP boosted its holdings in Victoria’s Secret & Co. by 1,218.1% in the 2nd quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock valued at $10,924,000 after purchasing an additional 571,295 shares during the period. Finally, Lombard Odier Asset Management USA Corp grew its position in shares of Victoria’s Secret & Co. by 102.3% during the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock valued at $204,000 after purchasing an additional 511,573 shares in the last quarter. Institutional investors own 90.29% of the company’s stock.

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.